Dillard's Q2 Profit Rises - Quick Facts

(RTTNews) - Dillard's Inc. (DDS) Wednesday reported second-quarter profit of $36.5 million or $0.79 per share, up from $31.0 million or $0.63 per share in the comparable quarter last year.

On average, four analysts polled by Thomson Reuters expected the company to earn $0.74 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues dropped to $1.48 billion from $1.49 billion last year. Analysts expected revenues of $1.54 billion.

Cost of sales decreased to $1.91 billion from $1.94 billion last year. Selling, general and administrative expenses totaled $788.4 million, down from $792.0 million last year.

Gross margins improved to 34.4 percent from 34.3 percent last year.