Dillard's Inc. Reports Consolidated Unaudited Earnings Results for the Thirteen Weeks and Fifty Two Weeks Ended January 28, 2012; Provides Capital Expenditure Guidance for the Year 2012
February 23, 2012 at 08:00 am EST
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Dillard's Inc. reported consolidated unaudited earnings results for the thirteen weeks and fifty two weeks ended January 28, 2012. For the thirteen weeks, the company reported net sales of $1,970.0 million compared to $1,934.3 million a year ago. Income before income taxes and income on and equity in Joint venture was $217.2 million compared to $162.6 million a year ago. Net income was $141.5 million compared to $109.6 million a year ago. Diluted earnings per share were $2.77 compared to $1.75 a year ago.
For the fifty two weeks, the company reported net sales of $6,263.6 million compared to $6,121.0 million a year ago. Income before income taxes and income on and equity in Joint venture was $396.7 million compared to $268.7 million a year ago. Net income was $463.9 million compared to $179.6 million a year ago. Diluted earnings per share were $8.52 compared to $2.67 a year ago. Net cash provided by operating activities were $501.1 million compared to $512.9 million a year ago. Purchase of property and equipment was $115.6 million compared to $98.2 million a year ago.
The company provided capital expenditure guidance for the year 2012. For the year, the company expects capital expenditure of $175 million compared to $116 million for the previous year, interest and debt expense of $70 million compared to $72 million for the previous year.
Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company operates through two segments: the operation of retail department stores and a general contracting construction company. It operates over 273 Dillardâs stores, including 28 clearance centers, and an Internet store at dillards.com offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC (CDI), a portion of whose business includes constructing and remodeling stores for the Company. Its merchandise selections include its lines of branded merchandise, such as Antonio Melani, Gianni Bini, GB, Roundtree & Yorke and Daniel Cremieux. Its retail stores are located primarily in shopping malls and open-air centers throughout the Southwest, Southeast and Midwest regions of the United States.
Dillard's Inc. Reports Consolidated Unaudited Earnings Results for the Thirteen Weeks and Fifty Two Weeks Ended January 28, 2012; Provides Capital Expenditure Guidance for the Year 2012
DILLARD'S, INC. 
