Dillard's (NYSE: DDS) reported earnings on May 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended May 4 (Q1), Dillard's missed estimates on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share expanded significantly.

Margins grew across the board.

Revenue details
Dillard's booked revenue of $1.55 billion. The two analysts polled by S&P Capital IQ expected to see revenue of $1.62 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $2.40. The three earnings estimates compiled by S&P Capital IQ predicted $2.12 per share. Non-GAAP EPS of $2.40 for Q1 were 28% higher than the prior-year quarter's $1.88 per share. GAAP EPS of $2.50 for Q1 were 32% higher than the prior-year quarter's $1.89 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 41.0%, 130 basis points better than the prior-year quarter. Operating margin was 12.0%, 170 basis points better than the prior-year quarter. Net margin was 7.4%, 140 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
Next quarter's average estimate for revenue is $1.55 billion. On the bottom line, the average EPS estimate is $0.79.

Next year's average estimate for revenue is $6.81 billion. The average EPS estimate is $7.22.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 157 members out of 393 rating the stock outperform, and 236 members rating it underperform. Among 116 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 68 give Dillard's a green thumbs-up, and 48 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Dillard's is hold, with an average price target of $90.67.

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