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Dillard's Splits From The Retail Pack, Misses Revenue Estimates

Dillard's, Inc. DDS 7.76% released Q2 results after market close on Thursday. Earnings per share came in above Wall Street consensus expectations, however, shares shares fell due to the company's miss on sales estimates.

Dillard's reported EPS of $0.35 and revenues of $1.452 billion. Analyst consensus had an EPS estimate of $0.31 and revenues of $1.48 billion. Sales in comparable stores for the period decreased 5%.

In addition, sales of home and furniture were significantly weaker.

"The challenges facing apparel retailers continued through the second quarter, and our poor results reflect this. In spite of weak sales, we returned $57 million to shareholders through stock repurchase and dividends. While we continue to deal with weakness in the fashion retail industry, we believe we are in good financial shape for the long term," said CEO William Dillard.

At time of writing, Dillard's traded at $64 in Thursday's after-hours session, down 3.6 percent.

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