Dillard's jumps as Q1 sales surge

Dillard's

12/05/2022 13:25

** Shares of department store chain  DDS.N  up over 11% at
$314.45 before the bell 
    ** DDS' quarterly sales surge 22% to $1.61 bln, boosted by
strong demand for apparel and accessories  urn:newsml:reuters.com:*:nBw8RPs8xa
    ** Co's gross margin also rises to 47.3% from 42.6% a year
earlier, helped by tight inventory management which resulted in
decreased markdowns 
    ** Stock has risen ~16%, as of last close

 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com;))