Little Rock-based Dillard’s on Friday said second-quarter net income was $34.5 million, or 80 cents per share, down about 5 percent from $36.5 million, or 79 cents per share, the year before.
Net sales for the quarter that ended Aug. 2 came to $1.475 billion, down 0.34 percent from $1.480 billion in the 13 weeks that ended Aug. 3, 2013, the company said.
"Although our 1% comparable store sales increase led to a profitable quarter, we are somewhat disappointed in the bottom line performance,” Dillard’s CEO William Dillard II said in a statement. “We are pleased with our inventory management during the quarter and with our ending inventory position.”
At the end of the quarter, the retailer operated 278 Dillard’s locations and 18 clearance centers in 29 states.
Read Saturday's Arkansas Democrat-Gazette for full details.