Dillard's, Inc. DDS shares are soaring this morning, gaining more than 8% this morning after the company reported better than expected same-store-sales this morning.
The company reported that June same-store-sales rose 6%, versus expectations of 3.3% from Wall Street analysts. Net sales rose 4.9% to $531.5 million, up from $506.4 million a year ago.
The company is also in the process of transforming into a real estate investment trust.
At last check, shares were trading at $58.84, up $4.40, a gain of 8.08%.
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