Apparel retailer Dillard's Inc has reported that fourth quarter net income more than doubled compared to the same period last year.

The company reported fourth quarter net income at $66m, or 78 cents per diluted share, compared to last years figure of $25.8m, or 26 cents per diluted share.

Income for the period ended at 69 cents per share before an extraordinary item of a $7m gain from an early retirement of a debt. The 69 cents per share result was 26 cents higher than analysts estimates.