NEW YORK — Dillard’s Inc. on Monday posted a second-quarter gain against last year’s loss in the period, boosted in part by some benefits in the quarter that offset a litigation charge in connection with certain pension plan participants.
For the period ended July 29, income was $15.7 million, or 20 cents a share, against a loss of $12.3 million, or 15 cents, a year ago. Total revenues were up by 1.2 percent to $1.75 billion from $1.73 billion, which included essentially flat sales at $1.69 billion.
For the six months, income was $77.1 million, or 97 cents, compared with $25.7 million, or 31 cents, last year. Revenues rose 1.7 percent to $3.63 billion from $3.57 billion, which included a sales gain of .9 percent to $3.53 billion from $3.49 billion.
Four stores that were damaged by Hurricanes Katrina and Rita a year ago remained closed.
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Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"