Dillard's misses by $0.42, misses on revs :
- Reports Q4 (Jan) earnings of $1.85 per share, excluding an after-tax asset impairment of $0.13 per share on a cost method investment, $0.42 worse than the Capital IQ Consensus of $2.27; revenues fell 6.7% year/year to $1.94 bln vs the $2.02 bln Capital IQ Consensus.
- "Our operating results reflect another quarter of mall traffic declines from continued retail industry challenges. In response, we are ramping up our efforts to bring more distinctive brand and service experiences to Dillard's, both in-store and online. Our strong balance sheet provides us support in these challenging times, and during the year we returned $256 million to shareholders."
- Sees FY17 capex of about $125 mln, vs $105 mln in the same period last year.
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