Dillard's (DDS) Earnings and Sales Miss Estimates in Q2
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Zacks Equity Research August 16, 2019
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Dillard's Inc. (DDS - Free Report) reported dismal second-quarter fiscal 2019 results, wherein earnings and sales missed estimates. Results were impacted by higher markdowns and soft margins.
Shares of this Zacks Rank #3 (Hold) company declined 9.9%, following the dismal results. Though its shares have moved down 24.1% in the past year, it has fared better than the industry’s slump of 46.2%.
Dillard's reported adjusted loss per share of $1.74, much wider than the Zacks Consensus Estimate of loss of 66 cents. Further, the bottom line compa ...