Dillard's Q1 Profit Declines - Quick Facts

(RTTNews) - Apparel retailer Dillard's Inc. (DDS) said that its first-quarter net income was $111.7 million, down from $117.2 million in the comparable quarter last year. Earnings per share for the latest first quarter rose to $2.56 from $2.50 per share in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $2.41 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter were $2.551 billion, up from $1.549 billion last year. Five analysts estimated revenues of $1.60 billion for the quarter.

Total merchandise sales for the 13-week period ended May 3, 2014 were $1.539 billion and $1.530 billion for the 13-week period ended May 4, 2013. Total merchandise sales increased 1%, and sales in comparable stores increased 2% for the first quarter.