Retailer Saks Incorporated today announced results for the first quarter ended April 30, 2011.

Overview of Results for the First Quarter Ended April 30, 2011: For the first quarter ended April 30, 2011, the Company posted net income of $28.4 million, or $.16 per diluted share. The results included the following after-tax items totaling $2.1 million, or $.01 per share, comprised of: $1.8 million of store closing expenses and a $0.3 million loss on debt extinguishment (related to the early retirement of approximately $1.9 million of senior notes).

Excluding these items, the Company would have recorded net income of $30.5 million, or $.17 per share, for the first quarter ended April 30, 2011. For the prior year first quarter ended May 1, 2010, the Company recorded net income of $18.8 million, or $.11 per diluted share. Those results included after-tax charges totaling $1.1 million, or $.01 per share, primarily related to store closing costs. Excluding these items, the Company would have recorded net income of $19.9 million, or $.12 per share, for the prior year first quarter ended May 1, 2010.