NEW YORK — Weak sales kept Dillard’s Inc.’s third-quarter results in the red, but margin improvement allowed it to reduce its quarterly loss.
Net losses narrowed to $5.1 million, or 6 cents a share, from $40.1 million, or 48 cents, a year ago. The most recent quarter’s results include an aftertax gain of $1.1 million, or 1 cent a diluted share, for the early extinguishment of debt. Without this, losses totaled $6.2 million, or 7 cents a share, 1 cent deeper than the 6-cent loss that Wall Street had penciled in. Losses for the quarter also included a gain of 5 cents a diluted share for an accounting change. Last year’s third quarter was nominally inflated by an aftertax gain of $100,000.
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?"