Dillard's lower after Q4 margins take a hit

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

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