Dillard's Q1 Results Down; Adj. EPS, Sales Beat View; Stock Down In Premarket

(RTTNews) - Luxury department store chain Dillard's, Inc. (DDS) reported Thursday that its first-quarter net income fell to $201.5 million from last year's $251.1 million. Earnings per share were $11.85, compared to $13.68 last year.

On average, three analysts polled by Thomson Reuters expected earnings of $10.77 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the 13 weeks were $1.584 billion, lower than last year's $1.612 billion. The Street expected sales of $1.55 billion for the quarter.

Net sales includes the operations of the Company's construction business, CDI Contractors, LLC.

Total retail sales decreased 4 percent, and comparable store sales decreased 4 percent.

In pre-market activity on the NYSE, Dillard's shares were trading at $268.58, down 4.93 percent.

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