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Dillard's Q1 Profit Beats Street View

(RTTNews) - Department store chain Dillard's Inc. (DDS) Thursday reported first-quarter net income of $158.2 million or $7.25 per share, compared to net loss of $162.0 million or $6.94 per share in the same period last year.

The 2021 first quarter included a pre-tax gain of $24.6 million mainly related to the sale of three store properties.

On average, 4 analysts polled by Thomson Reuters expected the company to report earnings of $1.54 per share in the quarter. Analysts' estimates, usually exclude, one-time items.

Quarterly sales rose to $1.33 billion from $786.7 million a year ago, while analysts were looking for revenues of $1.27 billion in the period.

Total retail sales soared 73 percent to $1.29 billion from $751.0 million in the prior-year quarter, helped by juniors' and children's apparel, men's apparel and accessories and ladies' accessories and lingerie.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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