Dillard`s Earnings Down
By: Import User
Updated: January 7, 2009
The Dillard`s department store chain
recorded lower profits in its fourth quarter than over the same
period last year, but did rebound from a third quarter loss.
The Little Rock-based chain earned more than 51 (m) million
dollars, or 61 cents a share, in the quarter. That`s down 29
percent from the same period last year.
Sales for the quarter were two-point-three (b) billion dollars,
down about four percent from the fourth quarter of the last fiscal
year.
Dillard`s stock fell 59 cents today to close at 17 dollarsm, 10
cents on the New York Stock Exchange.
In the year ending January 31st, Dillard`s closed nine
locations. It has closed 36 stores since announcing in late 2000 it
would close under-performing stores.
Dillard`s opened five new locations in the past year in Iowa,
Ohio, Virginia and Texas, the last a replacement for a store that
was closed.
Posted by Mike Hellgren
