Before Friday’s opening bell, Dillard’s, Inc. (DDS
) released its second quarter financial results, which came in below analysts’ expectations.
DDS Earnings in Brief
DDS reported Q2 earnings of $34.5 million, or 80 cents per share, as opposed to $36.5 million, or 79 cents per share a year ago. Net sales were $1.475 billion, down from $1.480 billion last year. On average, analysts expected to see EPS of 86 cents and $1.53 billion in revenue. The company noted that it saw a strong quarter in its juniors and children apparel business, while its home and furniture business saw the weakest sales.CEO Commentary
Dillard’s CEO William T. Dillard, II, commented: “Although our 1% comparable store sales increase led to a profitable quarter, we are somewhat disappointed in the bottom line performance. We are pleased with our inventory management during the quarter and with our ending inventory position.”
DDS Dividend
Dillard’s paid its last 6 cent quarterly dividend on August 4. We expect the company to declare its next dividend sometime in August.
DDS Dividend SnapshotTop 5 Long Term Stocks To Invest In 2015
As of market close on August 14, 2014
Click here to see the complete history of DDS dividends.
Dillard’s shares were down 82 cents, or 0.71% during premarket trading Friday. The stock is up 18.92% YTD.
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