Dillard’s (DDS) Reports 12% Decline in January Same-Store Sales; Qtrly Revenues Slightly Below Consensus

February 5, 2009 8:15 AM EST
Dillard’s, Inc. (NYSE: DDS) announced that merchandise sales for the four weeks ended January 31, 2009 were $376,611,000 compared to sales for the four weeks ended February 2, 2008 of $435,253,000. Total sales decreased 13%. Sales in comparable stores decreased 12% for the four-week period.

Sales for the 13 weeks ended January 31, 2009 were $1,977,730,000 compared to sales for the 13 weeks ended February 2, 2008 of $2,161,839,000. Total sales decreased 9%. Sales in comparable stores decreased 8% for the 13-week period. (Qtrly revenue consensus is $2.04 billion)

Dillard’s, Inc. is one of the nation’s largest fashion apparel and home furnishing retailers.[SM]

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