Headlines

Dillard's Loses Big

Profits drop 62 percent, falling short of estimates for fifth time in a row

Published

24 years ago

August 24, 2000

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Dillard's Inc. (Little Rock, Ark.) experienced yet another profit drop in its second fiscal quarter, falling 62 percent and well short of analysts'estimates for the fifth quarter in a row. For the period ending July 29, the company reported net income of $13.8 million, compared to $36.2 million the same time last year.

William Dillard II, ceo, claimed he was “appalled” at the results, citing late deliveries as a reason for poor improvement in inventory management. However, no specific plans for future improvements accompanied the announcement.

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