Dillard's Profit Rises 59% in Q1

Dillard's Profit Rises 59% in Q1
A Dillard's location at the Mall at Turtle Creek in Jonesboro (Graycen Colbert Bigger)

Dillard's Inc. of Little Rock (NYSE: DDS) this morning reported fiscal first-quarter earnings of $251.1 million, up 58.7% from $158.2 million the same period a year ago.

On a per-share basis, the company said it had net income of $13.68, up from $7.25 per share. Earnings, adjusted for non-recurring gains, were $13.37 per share.

The department store operator posted revenue of $1.61 billion in the 13-week period ending April 30.

Comparable retail sales increased 23% in the quarter. Stronger performing categories included men’s apparel and accessories, ladies’ apparel, and juniors’ and children’s apparel.

Arkansas Business will update this story.