Dillard’s Earnings: Here’s Why Investors are Excited Now
Dillard’s Inc. (NYSE:DDS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 5.24%.
Dillard’s Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25.4% to $0.79 in the quarter versus EPS of $0.63 in the year-earlier quarter.
Revenue: Decreased 0.55% to $1.52 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dillard’s Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.74. It missed the average revenue estimate of $1.54 billion.
Quoting Management: Dillard’s Chief Executive Officer, William T. Dillard, II, stated, “Following a strong start to the year, we made further progress in the second quarter. Positive comparable store sales and gross margin expansion combined with continued expense control enabled us to report another quarter of year over year improvement at Dillard’s.”
Key Stats (on next page)…