Dillard's Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended April 28, 2012; Provides Capital Expenditure and Interest Expense Guidance for the Year 2012
May 10, 2012 at 04:25 pm EDT
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Dillard's Inc. reported consolidated unaudited earnings results for the first quarter ended April 28, 2012. For the quarter, the company reported net sales of USD 1,549.3 million compared to USD 1,469.2 million a year ago. Income before income taxes and income on and equity in losses of joint ventures was USD 147.1 million compared to USD 115.7 million a year ago. Net income was USD 95.0 million compared to USD 76.7 million a year ago. Diluted earnings per share were USD 1.89 compared to USD 1.31 a year ago. Net cash provided by operating activities were USD 98.5 million compared to USD 59.2 million a year ago. Purchase of property and equipment was USD 47.5 million compared to USD 17.0 million a year ago.
The company provided capital expenditure and interest expense guidance for the year 2012. For the year, the company expects capital expenditures of USD 175 million, interest and debt expense of USD 70 million, depreciation and amortization of USD 257 million and interest and debt expense, net of USD 70 million.
Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company operates through two segments: the operation of retail department stores and a general contracting construction company. It operates over 273 Dillardâs stores, including 28 clearance centers, and an Internet store at dillards.com offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC (CDI), a portion of whose business includes constructing and remodeling stores for the Company. Its merchandise selections include its lines of branded merchandise, such as Antonio Melani, Gianni Bini, GB, Roundtree & Yorke and Daniel Cremieux. Its retail stores are located primarily in shopping malls and open-air centers throughout the Southwest, Southeast and Midwest regions of the United States.
Dillard's Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended April 28, 2012; Provides Capital Expenditure and Interest Expense Guidance for the Year 2012
DILLARD'S, INC. 
