UPDATE: Dillard's FQ2 Profit Up 76%

Dillard's DDS reported a 76% surge in its fiscal second-quarter profit. Dillard's quarterly profit climbed to $31 million, or $0.63 per share, versus a year-ago profit of $17.6 million, or $0.32 per share. Its sales gained 3.2% to $1.49 billion, while same-store sales rose 3%. Dillard's gross margin rose to 33.6% from 33.2%. Dillard's shares closed at $70.31 yesterday.