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.
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?"