LITTLE ROCK, Arkansas — Dillard's ended its fiscal year with higher income and increased sales, and heads into 2012 on the heels of a record-setting performance.
The company reported income for the fourth quarter ended Jan. 28 of $141.5 million, or $2.77 per share. For the prior year fourth quarter, Dillard's reported net income of $109.6 million, or $1.75 per share.
The company reported that net sales for the quarter were $1.97 billion compared with net sales of $1.93 billion for the same period last year. Same-store sales increased 3% for the quarter.
Dillard's CEO, William Dillard, II, stated, "We are pleased with our progress in 2011 where we delivered a record setting performance. . . . In 2012, we will remain focused on creating a clearly distinctive shopping experience at Dillard's in merchandise selection as well as in customer service."
Dillard's reported net income for the 52 weeks ended Jan. 28 of $463.9 million, or $8.52 per share. For the prior fiscal year, the 52 weeks ended January 29, 2011, Dillard's reported net income of $179.6 million, or $2.67 per share.
Net sales for the year were $6.264 billion compared with net sales for the prior year of $6.121 billion. Full-year same-store sales were up 4%.