Dillard's Inc. said its normalized net income for the fiscal first quarter ended May 3 came to $2.47 per share, compared with the S&P Capital IQ consensus estimate of $2.39 per share.

EPS rose 6.0% year over year from $2.33.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $107.7 million, a decline from $109.3 million in the year-earlier period.

The normalized profit margin dropped to 6.8% from 6.9% in the year-earlier period.

Total revenue totaled $1.59 billion, compared with $1.59 billion in the prior-year period, and total operating expenses totaled $1.40 billion, compared with $1.40 billion in the year-earlier period.

Reported net income fell year over year to $111.7 million, or $2.56 per share, from $117.2 million, or $2.50 per share.