Dillard’s Inc.’s third-quarter profits shot up 85 percent as better sales and steady gross margins reverberated on the department store’s bottom line. Net income increased to $26.6 million, or 50 cents a diluted share, from $14.4 million, or 22 cents, a year earlier. Revenues for the three months ended Oct. 29 rose 3.2 percent to $1.42 billion from $1.37 billion.
“Our 5 percent comparable-store sales performance provided strong income momentum as we maintained gross margin and leveraged our operating expenses,” said William Dillard 2nd, chief executive officer.
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