=Dillard's (DDS) reported earnings on Tue 27 Feb 2018 (b/o)

Dillard's beats by $1.00, beats on revs 

• Reports Q4 (Jan) earnings of $2.82 per share, excluding non-recurring items, $1.00 better than the Capital IQ Consensus of $1.82; revenues rose 6.5% year/year to $2.06 bln vs the $2.04 bln Capital IQ Consensus. Total merchandise sales (which exclude CDI) for the 14-week period ended February 3, 2018 were $2.025 billion and $1.896 billion for the 13-week period ended January 28, 2017. Total merchandise sales increased 7% for the 14-week period ended February 3, 2018 compared to the 13-week period ended January 28, 2017. Sales in comparable stores increased 3% for 13-week period ended January 27, 2018 compared to the 13-week period ended January 28, 2017. Gross margin from retail operations (which excludes CDI) improved 48 basis points of sales for the 14 weeks ended February 3, 2018 compared to the 13 weeks ended January 28, 2017 primarily due to increased markups. Inventory increased 4% at February 3, 2018 compared to January 28, 2017. Consolidated gross margin for the 14 weeks ended February 3, 2018 improved 53 basis points of sales compared to the prior year fourth quarter.