Dillard’s profit surges 85%
Little Rock, Ark. — Dillard’s Inc. reported Friday that profit for the quarter ended Oct. 29 soared a record 85% to $26.6 million, compared with $14.4 million in the year-ago period. Strong comps and contained expenses propelled the strong performance.
Revenue rose to $1.38 billion, from $1.34 billion, beating Wall Street’s expected $1.36 billion in sales. Same-store sales increased 5%.
“This record-setting third quarter performance further solidifies our confidence in our strategy as we enter the holiday season,” said Dillard’s CEO William T. Dillard, II.
Body Central Corp. profit doubles in Q3, on track to open 33 new stores
Jacksonville, Fla. — Body Central Corp., which operates under the Body Central and Body Shop banners, reported Friday that net income for the third quarter more than doubled to $2.8 million, from $1.3 million a year earlier.
Total revenue rose 18% to $67.1 million, compared with $56.9 million a year ago. Results were boosted by a 21.2% increase in store sales. Same-store sales rose 8.2%.
The company opened five new stores during the third quarter and is on track to open 33 new stores in 2011.
Nordstrom Q3 profits climb 6.7%
Seattle — Nordstrom Inc. reported Thursday that profit for the quarter ended Oct. 29 rose 6.7% to $127 million, compared with $119 million in the year-ago period.
Net sales rose 14.2% to $2.4 billion, surpassing Wall Street’s expected $2.35 billion and up from $2.1 billion a year earlier. Same-store sales climbed 7.9%.
The company opened two full-line department stores – in Nashville and St. Louis — and nine Nordstrom Rack stores during the quarter.