Nov 8 Department store chain Dillard's Inc
on Thursday reported a higher quarterly adjusted profit,
helped by strong gains in sales that handily beat Wall Street's
Same-store sales, or sales at stores open at least a year,
rose 5 percent, beating Wall Street projections for a 3 percent
rise, according to Thomson Reuters I/B/E/S/. Net sales rose 4.8
percent to $1.45 billion. At Macy's Inc, Dillard's most
direct rival, same-store sales rose 3.7 percent.
Dillard's posted net income of $48.5 million, or $1.01 per
share, in the quarter ended Oct. 27, compared with $228.2
million, or $4.31 per share, a year earlier.
Excluding one-time tax items including a large credit last
year, Dillard's earned 96 cents per share in the quarter, double
what it earned in the year-ago period.