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Dillard’s posts 14.1% rise in fourth-quarter profit

By ArkansasOnline

This article was published February 25, 2013 at 7:15 a.m.

Dillard’s Inc. said Monday that it logged record earnings for the fourth quarter and for the full fiscal 2012.

In the fourth quarter, the Little Rock-based department store chain tallied net income of $161.4 million, or $3.36 per share, an increase of 14.1 percent from $141.5 million, or $2.77 per share, the year before.

For the year, Dillard’s reported a profit of $336.0 million, or $6.87 per share, up 8.6 percent from $309.3 million, or $6.32 per share, the previous year.

“We are pleased to report a strong finish to a very successful year at Dillard’s. Our positive sales performance and gross margin expansion combined with expense control drove strong cash flow throughout the year,” Chief Executive Officer William Dillard II said. “As a result, we were pleased to return cash to shareholders in the form of a $5.00 special dividend during the fourth quarter.”

As of Feb. 2, Dillard’s operated 284 stores and 18 clearance centers in 29 states.

Read tomorrow's Arkansas Democrat-Gazette for full details.

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