Dillard's Inc post net Income of $38mn for 13 weeks ended April 30, 05
25 May '05
4 min read
a retail departmental store dillard's inc announced operating results for its thirteen weeks ended april 30, 2005. this release contains certain forward-looking statements. please refer to the company's cautionary statement regarding forward-looking information included below under "forward-looking information".
net income for the 13 weeks ended april 30, 2005 was $38.0 million ($0.46 per diluted share) compared to net income of $53.8 million ($0.64 per diluted share) for the 13 weeks ended may 1, 2004.
included in net income for the 13 weeks ended april 30, 2005 and may 1, 2004, respectively, were pretax impairment and store closing charges of $0.4 million ($0.3 million after-tax or $0.00 per diluted share) and $4.7 million ($3.0 million after-tax or $0.04 per share).
revenues
net sales for the 13 weeks ended april 30, 2005 were $1.803 billion compared to sales for the 13 weeks ended may 1, 2004 of $1.854 billion. net sales decreased 3% for the thirteen-week period on both a total and comparable store basis.
during the 13 weeks ended april 30, 2005, net sales in the company's eastern and western regions were above trend, exceeding the company's average sales performance for the period. net sales were slightly below trend in the central region. net sales of lingerie, accessories and shoes significantly exceeded the company's average sales trend, while performance of women's apparel and furniture was significantly below trend.
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