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Dillard's fiscal Q2 profit falls 14.5% YOY

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Dillard's fiscal Q2 profit falls 14.5% YOY

Dillard's Inc. said its normalized net income for the fiscal second quarter ended Aug. 1 was 71 cents per share, compared with the S&P Capital IQ consensus estimate of 72 cents per share.

EPS decreased 7.9% year over year from 77 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $28.5 million, a decrease of 14.5% from $33.3 million in the year-earlier period.

The normalized profit margin fell to 1.8% from 2.2% in the year-earlier period.

Total revenue grew year over year to $1.55 billion from $1.51 billion, and total operating expenses climbed year over year to $1.49 billion from $1.44 billion.

Reported net income decreased 13.1% year over year to $29.9 million, or 75 cents per share, from $34.4 million, or 80 cents per share.