Dillard’s has posted a steady Q3, with retail and comparable sales up 3 per cent, net income rising to $129.8 million, and retail gross margin improving to 45.3 per cent.
Operating costs increased and inventory rose 2 per cent.
For 9M, net income slipped to $366.5 million, while sales grew 1 per cent.
Cash flow improved, share buybacks continued, and the retailer maintains 272 stores.