Dillard's Inc achieves gross margin of 110 points in Q2 sales
14 Aug '06
3 min read
During the 13 weeks ended July 29, 2006, net sales were strongest in the Western region, where performance exceeded the Company's total trend for the period. Net sales were consistent with trend in the Eastern region and slightly below trend in the Central region.
Net sales of furniture, particularly in areas recovering from the hurricanes of 2005, significantly exceeded the Company's average sales trend for the 13 weeks ended July 29, 2006, while performance in children's apparel was significantly below trend.
Gross Margin Dillard's achieved gross margin improvement of 110 basis points of sales for the 13 weeks ended July 29, 2006 compared to the 13 weeks ended July 30, 2005.
Total inventory and comparable store inventory as of July 29, 2006 declined 3 percent compared to July 30, 2005.
Advertising, Selling, Administrative and General Expenses Advertising, selling, administrative and general ("S G & A") expenses were $510.6 million and $484.7 million for the 13 weeks ended July 29, 2006 and July 30, 2005, respectively.
Interest and Debt Expense Interest and debt expense declined $2.6 million to $24.6 million for the 13 weeks ended July 29, 2006 compared to the 13 weeks ended July 30, 2005 as a result of lower debt levels.
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