Dillard's lower after Q4 margins take a hit

|About: Dillard's Inc. (DDS)|By:, SA News Editor

Dillard's (DDS) reports comparable-store sales rose 2% during Q4.

The sales gains appear to have come at the expense of margins. Higher markdowns contributed to the firm's gross margin rate falling 180 bps to 32.8% during the period.

Inventory at the end of the quarter was up 4% compared to a year ago.

DDS -1.8% premarket