Dillard's reports Q2 comparable sales rise of 1 percent

REPORT_ Dillard's reported net income for the 13 weeks ended August 2,

2014 of 34.5 million dollars, or 0.80 dollars per share, compared to net income of 36.5 million dollars, or 0.79 dollars per share, for the prior year second quarter. Comparable stores sales increased 1 percent for the quarter.

Commenting on the development, Dillard's Chief Executive Officer, William T. Dillard, II, stated, “Although our 1 percent comparable store sales increase led to a profitable quarter, we are somewhat disappointed in the bottom line performance. We are pleased with our inventory management during the quarter and with our ending inventory position.”

Dillard's reported net income for the 26 weeks ended August 2, 2014 of 146.1 million dollars, or 3.36 dollars per share, compared to net income of 153.7 million dollars, or 3.30 dollars per share, for the prior year 26-week period.

Net sales for the 13 weeks ended August 2, 2014 were 1.475 billion dollars and 1.480 billion dollars for the 13 weeks ended August 3, 2013. Sales trends were strongest in juniors' and children's apparel followed by men's apparel and accessories. Sales were weakest in the home and furniture category. Sales trends were strongest in the Central region, followed by the Eastern and Western regions, respectively.

Net sales for the 26 weeks ended August 2, 2014 were 3.026 billion dollars and 3.029 billion dollars for the 26 weeks ended August 3, 2013. At August 2, 2014, the Company operated 278 Dillard's locations and 18 clearance centers spanning 29 states and an Internet store at Dillards.com.