Dillard’s Inc. profits gained solidly in the fourth quarter, but investors were hoping for a little more and the stock fell 9.4 percent Monday.
The retailer’s net income increased 14.1 percent in the quarter to $161.4 million, or $3.36 a diluted share, from $141.5 million, or $2.77, a year ago. Revenues for the 14 weeks ended Feb. 2 gained 7.1 percent to $2.15 billion from $2.01 billion. The most recent fiscal quarter included one extra week compared with a year earlier. Stripping out the extra week, comparable-store sales rose 3 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)