Dillard's Inc. said its normalized net income for the fiscal third quarter ended Oct. 31 came to 100 cents per share, compared with the S&P Capital IQ consensus estimate of $1.20 per share.
EPS decreased 14.7% year over year from $1.17.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $38.3 million, a decrease of 22.8% from $49.6 million in the third quarter ended Nov. 1, 2014.
The normalized profit margin fell to 2.6% from 3.3% in the year-earlier period.
Total revenue declined on an annual basis to $1.47 billion from $1.50 billion, and total operating expenses came to $1.40 billion, compared with $1.41 billion in the year-earlier period.
Reported net income decreased 17.2% on an annual basis to $45.7 million, or $1.19 per share, from $55.2 million, or $1.30 per share.