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Dillard's Q4 net income $119.1 million

Staff writer ▼ | February 25, 2014
Dillard's announced operating results for the 13 and 52 weeks ended February 1, 2014 including record fiscal year earnings per share adjusted for certain items of $6.99 versus $6.33 in the prior year.
Dillard's
Dillard'sDillard's announced operating results for the 13 and 52 weeks ended February 1, 2014 including record fiscal year earnings per share adjusted for certain items of $6.99 versus $6.33 in the prior year.


Dillard's reported net income for the 13-week period ended February 1, 2014 of $119.1 million ($2.71 per share) compared to net income of $161.4 million ($3.36 per share) for the 14 weeks ended February 2, 2013.

Included in net income for the 13-week period ended February 1, 2014 is an after tax credit of $0.8 million ($0.02 per share) representing the reversal of asset impairment charges on a store held for sale. Excluding this item, Dillard's would have reported $118.3 million ($2.69 per share) for the 13-week period ended February 1, 2014.

Dillard's reported net income for the 52-week period ended February 1, 2014 of $323.7 million ($7.10 per share) compared to net income of $336.0 million ($6.87 per share) for the 53-week period ended February 2, 2013.

Total merchandise sales for the 13-week period ended February 1, 2014 were $2.013 billion and $2.087 billion for the 14-week period ended February 2, 2013. Similar to many other retailers, the Company follows the retail 4-5-4 reporting calendar which included an extra week of operations in the fourth quarter of 2012.

Based upon comparable 13-week periods ended February 1, 2014 and February 2, 2013, total merchandise sales increased 1% and sales in comparable stores increased 2% for the fourth quarter.


 

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