The retailer topped analyst estimates by $40M as comparable store sales climbed 3% in the quarter.
Dillard’s (DDS) shares advanced in early trading after reporting first-quarter revenue of $1.59B, exceeding consensus estimates by $40M. Comparable store sales increased 3% year-over-year, contributing to a 2.6% rise in total revenue.
The results mark a continuation of the company’s sector-leading five-year return performance. Analysts had anticipated slightly lower revenue, making the $40M beat a notable outlier in the department store segment.
Trading volume surged as investors reacted to the earnings release, though broader market indices showed muted movement during the session.