Department store retailer Dillard's Inc has announced operating results for the 13 and 52 weeks ended January 28th 2006.
Same store sales increased 2 percent for the 13 weeks ended January 28th 2006 compared to the 13 weeks ended January 29th 2005.
Continued disciplined expense management resulted in a $15.4 million reduction in advertising, selling, administrative and general expenses for the 13 weeks ended January 28th 2006.
The net income for the 13 weeks ended January 28th 2006 was $98.5 million compared to net income of $108.6 million for the 13 weeks ended January 29th 2005. Included in net income for the 13 weeks ended January 28th 2006 are pretax impairment charges of $55.3 million.
Included in net income for the 13 weeks ended January 29th 2005 is a pretax gain of $83.9 million related to the company's sale of the assets of its credit card subsidiary to GE Consumer Finance. Also included in net income for the 13 weeks ended January 29, 2005 is a pretax impairment charge of $14.7 million.
The net income for the 52 weeks ended January 28th 2006 was $121.5 million compared to net income of $117.6 million for the 52 weeks ended January 29th 2005. Included in net income for the 52 weeks ended January 28th 2006 are pretax impairment charges of $61.7 million.
Included in net income for the 52 weeks ended January 29th 2005 is a pretax gain of $83.9 million related to the company's sale of the assets of its credit card subsidiary to GE Consumer Finance and pretax impairment charges of $19.4 million.
marketing@alchempro.com
