Dillard's Reports 4Q Profit Increase, 10th Straight Quarter of Sales Gains

by Lance Turner  on Monday, Feb. 25, 2013 7:25 am  

"We are pleased to report a strong finish to a very successful year at Dillard's," Dillard's CEO William T. Dillard II said in a news release.

Fiscal Year

For the full fiscal year, Dillard's reported net income of $336.0 million, or $6.87 per share, down from $463.9 million, or $8.52 per share. Both fiscal years included millions of dollars in one-time items.

Excluding the those items, the department store chain would have reported $309.3 million, or $6.32 per share for fiscal year 2012 -- a record-setting fiscal year earnings per share performance and a 50 percent increase from the previous fiscal year.

Net sales for the year were $6.593 billion, up 5 percent from $6.264 billion in the previous year.

Total merchandise sales for the year were $6.489 billion, up 5 percent from $6.194 billion in the previous year. Based upon comparable weeks, total sales increased 3 percent and sales in comparable stores increased 4 percent for the fiscal year.

 

 

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