Dillard’s Q2 income up
Little Rock, Ark. -- Dillard’s reported net income for the second quarter, ended July 28, of $31.0 million, up from $17.6 million in the year-ago period.
Total merchandise sales rose 2% in the quarter to $1.456 billion, compared with $1.426 billion last year. Same-store sales rose 3%.
Dillard’s CEO, William T. Dillard, II, stated, “Continuing on the momentum of a successful first quarter, we are proud to report a 97% increase in second quarter earnings per share.
Sales were strongest in ladies’ accessories and lingerie, followed by shoes and cosmetics, the company said. Weakest performing categories were home and furniture and juniors’ and children’s apparel.