Dillard's 2010 Annual Report Download - page 27

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RESULTS OF OPERATIONS
The following table sets forth the results of operations and percentage of net sales, for the periods
indicated:
For the years ended
January 29, 2011 January 30, 2010 January 31, 2009
% of % of % of
Net Net Net
(in thousands of dollars) Amount Sales Amount Sales Amount Sales
Net sales ...................... $6,120,961 100.0% $6,094,948 100.0% $6,830,543 100.0%
Service charges and other income .... 132,574 2.2 131,680 2.2 157,897 2.3
6,253,535 102.2 6,226,628 102.2 6,988,440 102.3
Cost of sales ................... 3,976,063 65.0 4,102,892 67.3 4,827,769 70.7
Advertising, selling, administrative and
general expenses ............... 1,625,793 26.6 1,644,091 27.0 1,932,732 28.3
Depreciation and amortization ...... 261,550 4.3 262,877 4.3 284,287 4.2
Rentals ....................... 51,045 0.8 58,363 1.0 61,481 0.9
Interest and debt expense, net ....... 73,792 1.2 74,003 1.2 88,821 1.3
Gain on disposal of assets .......... (5,632) (0.1) (3,207) (0.1) (24,567) (0.4)
Asset impairment and store closing
charges ...................... 2,208 0.0 3,084 0.1 197,922 2.9
Income (loss) before income taxes and
equity in losses of joint ventures .... 268,716 4.4 84,525 1.4 (380,005) (5.6)
Income taxes (benefit) ............ 84,450 1.4 12,690 0.2 (140,520) (2.1)
Equity in losses of joint ventures ..... (4,646) (0.1) (3,304) (0.1) (1,580) 0.0
Net income (loss) ................ $ 179,620 2.9% $ 68,531 1.1% $ (241,065) (3.5)%
Sales
(in thousands of dollars) Fiscal 2010 Fiscal 2009 Fiscal 2008
Net sales:
Retail operations segment ............. $6,020,043 $5,889,961 $6,742,600
Construction segment ................ 100,918 204,987 87,943
Total net sales ........................ 6,120,961 6,094,948 6,830,543
The percent change by category in the Company’s retail operations segment sales for the past two
years is as follows:
Percent Change
Fiscal Fiscal
2010 - 2009 2009 - 2008
Cosmetics ...................................... (0.1)% (8.7)%
Ladies’ apparel and accessories ...................... 2.4 (13.2)
Juniors’ and children’s apparel ....................... 1.6 (14.3)
Men’s apparel and accessories ....................... 1.8 (14.1)
Shoes ......................................... 7.3 (6.5)
Home and furniture .............................. (3.6) (22.4)
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