This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Stocks in this article: DDS

Sales trends were strongest in ladies accessories and lingerie and men’s apparel and accessories. Sales were weakest in the home and furniture category. Sales trends were strongest in the Central region, followed by the Eastern and Western regions, respectively.

Net Sales – Fiscal Year

Net sales for the 53 weeks ended February 2, 2013 were $6.593 billion and 6.264 billion for the 52 weeks ended January 28, 2012.

Total merchandise sales for the 53-week period ended February 2, 2013 were $6.489 billion and $6.194 billion for the 52-week period ended January 28, 2012. Total merchandise sales increased 5% for the 53-week period compared to the 52-week period. Based upon comparable weeks, total sales increased 3% and sales in comparable stores increased 4% for the fiscal year.

Gross Margin/Inventory

Gross margin from retail operations (which excludes CDI) improved 40 basis points of sales to 34.6% for the 14 weeks ended February 2, 2013 compared to 34.2% for the prior year fourth quarter. Consolidated gross margin for the 14 weeks ended February 2, 2013 improved 50 basis points of sales to 34.4% from 33.9% during the prior year fourth quarter.

Gross margin from retail operations improved 30 basis points of sales to 36.1% for the 53 weeks ended February 2, 2013 compared to 35.8% for the prior year 52-week period ended January 28, 2012. Consolidated gross margin for the 53 weeks ended February 2, 2013 was 35.6% compared to 35.4% during the prior fiscal year.

Inventory in comparable stores decreased 1% at February 2, 2013 compared to January 28, 2012.

Dillard’s credits its consistent success in both sales and gross margin performance to effective execution of its merchandise strategy which the Company believes sets Dillard’s apart from its peer group. Key initiatives within the strategy include:

  • Presenting limited distribution, high profile brands not typically found in department stores along with well known, highly regarded national brands
  • Developing and offering fashionable, nationally recognized exclusive brands which are revered by customers for their styling as well as their quality
  • Equipping sales associates, beauty advisors and merchandise specialists with comprehensive product knowledge and customer service tools to exceed the expectations of the Dillard’s customer
  • Presenting merchandise in edited, limited assortments and in engaging formats which encourage interaction with sales associates and expedite the sale
  • Flowing merchandise receipts to stores in shorter and more frequent intervals and pinpointing replenishment based upon immediate feedback from improvements in data analysis and logistical response

Advertising, Selling, Administrative and General Expenses

Advertising, selling, administrative and general expenses (“operating expenses”) were $474.9 million (22.5% of sales) and $440.8 million (22.4%), respectively, during the 14 weeks ended February 2, 2013 and the 13 weeks ended January 28, 2012. The increase in expenses is primarily due to the additional week of operations during the 2012 reporting period. On a normalized basis for the 13-week periods, increases in selling payroll and related payroll taxes were partially offset by savings in advertising and services purchased.

4 of 8

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs