** charts before earnings **
** charts after earnings **
Dillard's beats by $0.06, misses on revs; comparable store sales -4% :
- Reports Q1 (Apr) earnings of $2.12 per share, $0.06 better than the Capital IQ Consensus of $2.06; revenues fell 5.7% year/year to $1.42 bln vs the $1.45 bln Capital IQ Consensus.
- Sales in comparable stores for the period also decreased 4%.
- Sales of ladies' apparel notably outperformed other merchandise categories during the first quarter followed by the juniors' and children's apparel category.
- Weaker performances were noted in cosmetics, home and furniture, and ladies' accessories and lingerie.
- Sales were strongest in the Western region followed by the Eastern and Central regions, respectively.
- "While our sales decline weighed heavily on our operating results, we remained active in returning cash to shareholders through $93 million of share repurchase and dividends. We still ended the quarter with $302 million of cash largely due to better cash management."
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