This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dillard’s, Inc. Reports Record Fourth Quarter And Fiscal Year Results

Dillard’s reported net income for the prior year fourth quarter, the 13 weeks ended January 28, 2012, of $141.5 million, or $2.77 per share. Included in net income for the prior year fourth quarter is a net after-tax credit totaling $28.7 million ($0.56 per share) related to the settlement of a lawsuit. Excluding this credit, the Company would have recorded net income of $112.8 million ($2.21 per share) for the prior year fourth quarter.

Dillard’s Chief Executive Officer, William T. Dillard, II, stated, “We are pleased to report a strong finish to a very successful year at Dillard’s. Our positive sales performance and gross margin expansion combined with expense control drove strong cash flow throughout the year. As a result, we were pleased to return cash to shareholders in the form of a $5.00 special dividend during the fourth quarter. Additionally, we purchased $185.5 million of Class A Common Stock during the year. As we mark our 75 th year at Dillard’s this month, we are proud of our progress and excited about the future.”

Fiscal Year Results

Dillard’s reported net income for the 53 weeks ended February 2, 2013 of $336.0 million, or $6.87 per share. Included in net income is a net after-tax credit totaling $26.7 million ($0.55 per share) comprised of the following items:

  • after-tax gains of $7.4 million ($0.15 per share) related to the sale of three former retail store locations
  • after-tax asset impairment and store closing charges of $1.0 million ($0.02 per share)
  • approximately $1.7 million ($0.03 per share) in tax benefit due to the reversal of a valuation allowance related to a deferred tax asset consisting of a capital loss carryforward
  • approximately $18.6 million ($0.38 per share) in tax benefit due to a one-time deduction related to dividends paid to the Dillard’s, Inc. Investment and Employee Stock Ownership Plan

Excluding these items, Dillard’s would have reported $309.3 million ($6.32 per share) for the 53 weeks ended February 2, 2013, marking a record-setting fiscal year earnings per share performance and a 50% improvement over prior year adjusted earnings per share.

2 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs