Dillard's (DDS) Misses Q1 EPS Expectations; Revenues Came in Light

Dillard's (NYSE: DDS) reported Q1 EPS of $2.17, $0.35 worse than the analyst estimate of $2.52. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.56 billion.

Total merchandise sales (which excludes CDI) for the 13-week period ended April 30, 2016 were $1.449 billion and $1.518 billion for the 13-week period ended May 2, 2015. Total merchandise sales decreased 5% for the 13-week period ended April 30, 2016. Sales in comparable stores for the period also decreased 5%.

Sales trends were strongest in shoes. Weaker performing areas were home and furniture and ladies’ accessories and lingerie. Sales trends were strongest in the Eastern region, followed by the Central and Western regions, respectively.

For earnings history and earnings-related data on Dillard's (DDS) click here.

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