Dillard's Q3 Profit Tops View - Quick Facts

(RTTNews) - Apparel retailer Dillard's Inc. (DDS) reported third-quarter net income was $55.2 million or $1.30 per share, up from $50.9 million or $1.13 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.25 per share for the quarter. Analysts' estimates typically exclude special items.

Included in net income for the current year third quarter is a net after-tax credit of $3.8 million or $0.09 per share related to the sale of a store location, the company said.

Net sales for the latest third quarter were $1.46 billion, compared with $1.47 billion last year. Net sales included the operations of the Company's construction business, CDI Contractors, LLC or "CDI". Comparable stores sales decreased 1% for the quarter. Wall Street analysts had a consensus revenue estimate of $1.51 billion for the quarter.

Total merchandise sales, which exclude CDI, for the 13-week period ended November 1, 2014 were $1.422 billion and $1.437 billion for the 13-week period ended November 2, 2013. Total merchandise sales declined 1% for the 13-week period ended November 1, 2014.