Dillard’s 3Q net income down 17%, same-store sales down 4%

Dillard’s Inc. (NYSE: DDS) reported net income fell 17 percent to $45.7 million in the third quarter from $55.2 million a year earlier.

The Little Rock, Ark.-based department store chain announced same-store sales were also down 4 percent.

CEO William Dillard II said despite the disappointing figures, the company would continue share repurchases from stockholders.

Net sales dropped 1.7 percent and total merchandise sales dropped 3 percent, according to Arkansas Business.

Read more from Arkansas Business.