Dillards Inc. Earnings: Fifth Straight Quarters of Double-Digit Growth

Dillards Inc. (NYSE:DDS) reported net income above Wall Street’s expectations for the fourth quarter. Dillard’s operates as an apparel and home furnishing retailer.

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Dillards Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Dillards Inc. rose to $141.5 million ($2.77 per share) vs. $109.6 million ($1.75 per share) in the same quarter a year earlier. This marks a rise of 29.1% from the year-earlier quarter.

Revenue: Rose 1.6% to $2.01 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Dillards Inc. reported adjusted net income of $2.21 per share. By that measure, the company beat the mean estimate of $2 per share. Analysts were expecting revenue of $1.97 billion.

Quoting Management: Dillard’s Chief Executive Officer, William T. Dillard, II, stated, “We are pleased with our progress in 2011 where we delivered a record setting performance. With strong operating cash flow, we purchased $491 million of our Class A Common Stock during the year with $99 million accomplished in the fourth quarter. In 2012, we will remain focused on creating a clearly distinctive shopping experience at Dillard’s in merchandise selection as well as in customer service.”

Key Stats:

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 1486.6% and in the second quarter, the figure rose more than twofold.

The company has now surpassed analyst estimates for four quarters in a row. It beat the mark by 10 cents in the third quarter, by 11 cents in the second quarter, and by 36 cents in the first quarter.

Revenue has increased for four quarters in a row. Revenue increased 3.2% to $1.42 billion in the third quarter. The figure rose 3.8% in the second quarter from the year earlier and climbed 1.1% in the first quarter from the year-ago quarter.

For the fiscal year, the average estimate has moved down from $4.16 a share to $4.06 over the last ninety days.

(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

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