This Day On The Street
Continue to site
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

Operating expenses declined 60 basis points of sales during the 53 weeks ended February 2, 2013 compared to the 52 weeks ended January 28, 2012. Operating expenses were $1,671.5 million (25.4% of sales) and $1,630.9 million (26.0%), respectively, for the 2012 and 2011 fiscal years.

Share Repurchase

During the 13 weeks ended February 2, 2013, Dillard’s repurchased approximately $23.4 million of Class A Common Stock (294,000 shares) at an average price of $79.69. During the fiscal year, the Company repurchased approximately $185.5 million (2.8 million shares) at an average price of $65.82. At February 2, 2013, $92.0 million of authorization remained under the Company’s share repurchase program.

Total shares outstanding (Class A and Class B Common Stock) at February 2, 2013 and January 28, 2012 were 47.8 million and 49.4 million, respectively.

Debt Maturities

During the year ended February 2, 2013, the Company made principal payments on long-term debt of $76.8 million consisting of the scheduled maturities of $55.4 million unsecured note (7.85%), a $20.4 million term loan (5.93%) and a $1.0 million mortgage note (9.25%). The Company has no note maturities until January of 2018.

Revolving Line of Credit

The Company maintains a $1.0 billion revolving credit facility (“credit agreement”) secured by the inventory of certain subsidiaries. No borrowings were outstanding under the credit agreement at February 2, 2013. Availability under the credit agreement at February 2, 2013 was $871.5 million. Letters of credit totaling $52.5 million were issued under the credit agreement at February 2, 2013 leaving unutilized availability of approximately $819 million.

Stock Options

During the fiscal year ended February 2, 2013, all stock options previously outstanding under the Company’s stock option plans were exercised. There are no outstanding stock options at February 2, 2013.

Store Information

During the fourth quarter of 2012, the Company announced the upcoming closure of its Cache Valley Mall location in Logan, Utah (94,000 square feet). The store is expected to close during the first quarter of 2013.

5 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.64 -0.11%
FB $118.57 0.84%
GOOG $698.21 0.75%
TSLA $241.80 0.43%
YHOO $36.53 -0.19%


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs