Dillard's reports Q2 (Jul) results, revs in-line; Q2 comps -1%
- Reports Q2 (Jul) loss of $0.58 per share, may not be comparable to the Capital IQ Consensus of $0.20; revenues fell 1.7% year/year to $1.43 bln vs the $1.44 bln Capital IQ Consensus.
- Total merchandise sales for the 13-week period ended July 29, 2017 were $1.385 billion and $1.403 billion for the 13-week period ended July 30, 2016. Total merchandise sales decreased 1% for the 13-week period ended July 29, 2017. Sales in comparable stores for the period decreased 1%.
- Gross margin from retail operations declined 235 basis points of sales for the 13 weeks ended July 29, 2017 compared to the prior year second quarter primarily due to increased markdowns.