COLUMBIA, Md., Aug. 7, 2024 /PRNewswire/ -- Sealing Technologies (SealingTech), a Parsons Corporation company (NYSE: PSN), and leading provider of edge computing and defensive cybersecurity solutions, is proud to announce it has been awarded a $9,588,231 fixed-price contract for the U.S. Army's Deployable Defensive Cyber Operations System – Modular version 2 (DDS-Mv2). The DDS-Mv2 program is a customized deployable compute-and-data-storage system that supports Cyber Protection Teams' suite of Defensive Cybe ...

Dillard's, Inc. (DDS) is expected to register year-over-year top and bottom-line declines when it reports second-quarter fiscal 2024 numbers. The Zacks Consensus Estimate for fiscal second-quarter revenues of $1.5 billion indicates a 2.5% decline from the year-ago reported figure. The Zacks Consensus Estimate for fiscal second-quarter earnings is pegged at $5.91 per share, implying a 25.9% decrease from the year-ago quarter's reported figure. The consensus estimate has been unchanged in the past 30 days. In ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 4, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-6140 DILLARD'S, INC. (Exact name of registrant as specified in its charter) DELAWARE 71-0388071 (State or other ...

LITTLE ROCK, Ark., May 22, 2024 (GLOBE NEWSWIRE) -- Dillard's, Inc. ("Dillard's") (NYSE:DDS) is pleased to announce today's launch of DANNIJO for Gianni Bini, a limited-edition fashion collaboration with Florida-born sisters, Danielle Snyder and Jodie Snyder Morel. Renowned for their signature silk slips, statement jewelry and arm parties, the DANNIJO sisters bring their expertise to a captivating range of designs for Gianni Bini. This comprehensive, limited-edition collection offers exclusive, summer-ready ...

Core Insights - Dillard's, Inc. has launched a limited-edition fashion collaboration called DANNIJO for Gianni Bini, featuring designs by sisters Danielle Snyder and Jodie Snyder Morel [1][2] - The collection includes 75 styles for women and girls, focusing on summer-ready apparel, swimwear, footwear, and jewelry [2] - Dillard's aims to cater to both loyal Gianni Bini customers and younger fashion enthusiasts with this new collection [2] Company Overview - DANNIJO is a lifestyle brand founded by sisters Danielle and Jodie, known for statement jewelry and resort-leisure apparel [3][4] - The brand has a significant presence in pop culture and continues to expand its reach [5] - Gianni Bini, launched in 2001, is Dillard's largest ladies' contemporary brand, focusing on high-quality, cutting-edge fashion [6]

Dillard's Inc. (DDS) posted first-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. This marked the company's 13th straight quarter of a bottom-line beat. However, DDS's sales and earnings declined year over year. The declines can be attributed to the challenging retail environment, which impacted sales and comps, as well as higher operating expenses. Earnings per share of $11.09 surpassed the Zacks Consensus Estimate of $9.25. However, the bottom line dec ...

Financial Performance - Dillard's reported net income of $180.0 million, or $11.09 per share, for the first quarter, down from $201.5 million, or $11.85 per share, in the prior year[2]. - Total retail sales decreased by 1% to $1.493 billion compared to $1.515 billion in the previous year, with comparable store sales down by 2%[4]. - Retail gross margin improved to 46.2% of sales from 45.6% in the prior year, while consolidated gross margin increased to 44.6% from 43.7%[6][7]. - Operating expenses rose to $426.7 million, representing 27.5% of sales, compared to $406.4 million, or 25.7% of sales, in the previous year[9]. - Total shares outstanding decreased to 16.2 million from 16.8 million year-over-year[11]. Inventory and Operations - Inventory decreased by 2% year-over-year, reflecting effective inventory control measures[8]. - The company opened a new location in Sioux Falls, South Dakota, marking its 30th state of operation[10]. - Dillard's cash and short-term investments exceeded $1 billion for the first time in its history[1]. - Estimated capital expenditures for 2024 are projected at $130 million, slightly down from $133 million in 2023[15]. Merchandise Performance - The company noted that cosmetics was the strongest performing merchandise category, while men's apparel and accessories were the weakest[4]. Risks and Uncertainties - The company cautions that forward-looking statements are based on estimates and assumptions, and actual future performance may differ materially due to various risks and uncertainties[16]. - Factors affecting future performance include general retail industry conditions, macro-economic conditions such as inflation and rising interest rates, and potential U.S. Federal government shutdown[16]. - The company highlights risks related to consumer spending patterns, labor shortages, and competition from other retail channels including online retailers[16]. - Changes in tax legislation and governmental regulations may impact the company's operations and financial performance[16]. - The company is monitoring the effects of global conflicts and public health issues on consumer spending and supply chain efficiencies[17]. - The company emphasizes the importance of stable availability and pricing of materials and labor for sourcing merchandise[16]. - The company acknowledges the potential impact of system failures or data security breaches on its operations[16]. Strategic Considerations - Future acquisitions of store properties from other department store operators are being considered as part of the company's strategy[16]. - The company is focused on maintaining adequate financing to support future business needs[16]. - The company will continue to assess the impact of economic conditions on its customers' buying patterns and overall retail performance[16].

Core Insights - Dillard's reported revenue of $1.55 billion for the quarter ended April 2024, a year-over-year decline of 2.2%, with EPS of $11.09 compared to $11.77 a year ago, indicating a mixed performance against expectations [1] - The revenue exceeded the Zacks Consensus Estimate by 1.19%, while the EPS surprised positively by 19.89% compared to the consensus estimate [1] Financial Performance Metrics - Comparable store sales for domestic retail decreased by 2%, which was better than the estimated decline of 3.3% [3] - Total sales reached $1.57 billion, surpassing the average estimate of $1.52 billion from three analysts [3] - Net sales from construction were reported at $56.10 million, below the average estimate of $70.52 million [3] - Retail operations net sales amounted to $1.49 billion, slightly above the estimated $1.46 billion [3] - Service charges, interest, and other income totaled $23.70 million, falling short of the average estimate of $29.60 million [3] Stock Performance - Dillard's shares have returned +11.9% over the past month, outperforming the Zacks S&P 500 composite's +5% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]

Dillard's (DDS) came out with quarterly earnings of $11.09 per share, beating the Zacks Consensus Estimate of $9.25 per share. This compares to earnings of $11.77 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 19.89%. A quarter ago, it was expected that this department store operator would post earnings of $11.59 per share when it actually produced earnings of $13.69, delivering a surprise of 18.12%. Over the last four quar ...

Dillard’s, Inc. (DDS) is expected to register year-over-year top and bottom-line declines when it reports first-quarter fiscal 2024 numbers.The Zacks Consensus Estimate for fiscal first-quarter revenues of $1.5 billion indicates a 3.4% decline from the year-ago reported figure. The Zacks Consensus Estimate for fiscal first-quarter earnings is pegged at $9.25 per share, indicating a 21.4% decrease from the year-ago quarter’s reported figure. The consensus estimate has been unchanged in the past 30 days.In th ...