Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of department store company Dillard's
So what: Dillard's Q3 earnings were up 80% compared to last year. The company attributed the dramatic improvement to better inventory management, which resulted in fewer price cuts. Dillard's also reduced its advertising and selling costs by $3.6 million.
Now what: Dillard's reports that it is "well positioned" for the important holiday selling season. In Q3, the company delivered improved earnings on flat merchandise revenues, although comparable-store sales, a closely watched retail metric, increased 1%. Keep a close eye on the company's top line going forward.
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