“LITTLE ROCK, Ark.–(BUSINESS WIRE)– Dillard’s, Inc. (NYSE:DDS – News) (the “Company” or “Dillard’s”) announced operating results for the thirteen weeks ended April 30, 2011. This release contains certain forward-looking statements. Please refer to the Company’s cautionary statements regarding forward-looking information included below under “Forward-Looking Information”.
Highlights of the thirteen weeks ended April 30, 2011 included:
Record earnings per share of $1.31 for the first quarter compared to $0.68 for the prior year first quarter. Net income was a record $76.7 million for the thirteen weeks ended April 30, 2011 compared to $48.8 million for the thirteen weeks ended May 1, 2010.
- Repurchase of approximately $268.7 million (6.4 million shares) of Class A Common Stock, completing the authorization under both the 2010 and 2011 share repurchase programs.
- A comparable store sales increase of 2%.
- Improved gross margin from retail operations of 130 basis points of sales compared to the prior year first quarter.
- Operating expense savings of $4.3 million (60 basis points of sales).”
