LITTLE ROCK, Ark., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Dillard's, Inc. (NYSE: DDS) (the "Company" or "Dillard's") announced that the Board of Directors declared a special dividend of $25.00 per share on the Class A and Class B Common Stock of the Company. The special dividend is payable January 6, 2025 to shareholders of record as of December 13, 2024. In a joint statement, Dillard's Chief Executive Officer, William Dillard, II and President Alex Dillard shared, "We are pleased to announce a $25.00 special di ...

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Dillard's Inc. (DDS) posted third-quarter fiscal 2024 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. Meanwhile, the company’s sales and earnings declined year over year. A tough consumer landscape adversely impacted sales and comparable store sales (comps). However, DDS maintained a strong gross margin rate and delivered lower operating expenses, driven by stringent expense-control initiatives.Earnings per share of $7.73 surpassed the Zacks Consensus Estimate of $6.47. How ...

Exhibit 99.1 Dillard's, Inc. Reports Third Quarter and Year-to-Date Results LITTLE ROCK, Ark. (GLOBE NEWSWIRE) –November 14, 2024 - Dillard's, Inc. (NYSE: DDS) (the "Company" or "Dillard's") announced operating results for the 13 and 39 weeks ended November 2, 2024. This release contains certain forward-looking statements. Please refer to the Company's cautionary statements included below under "ForwardLooking Information." Dillard's Chief Executive Officer William T. Dillard, II stated, "While retail sales ...

Dillard's (DDS) came out with quarterly earnings of $7.73 per share, beating the Zacks Consensus Estimate of $6.47 per share. This compares to earnings of $9.30 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 19.47%. A quarter ago, it was expected that this department store operator would post earnings of $5.91 per share when it actually produced earnings of $4.59, delivering a surprise of -22.34%. Over the last four quarters, ...

Core Insights - Dillard's reported a decline in retail sales and net income for the third quarter, with total retail sales decreasing by 4% compared to the previous year [1][4][9] - The company maintained a strong gross margin of 44.5% despite the sales decline, focusing on expense control and cash management [1][6][8] - Dillard's has significant cash reserves, reporting over $1.1 billion in cash and short-term investments after a stock repurchase program [1][13] Sales Performance - Total net sales for the third quarter were $1.427 billion, down from $1.476 billion in the same period last year [3][10] - Comparable store sales also decreased by 4%, with the strongest performance in cosmetics and the weakest in juniors' and children's apparel [4][6] Financial Results - Net income for the third quarter was $124.6 million, a decrease from $155.3 million in the prior year, resulting in earnings per share of $7.73 compared to $9.49 [2][9] - For the 39 weeks ended November 2, 2024, net income was $379.1 million, down from $488.3 million, with earnings per share of $23.42 compared to $29.38 [9][10] Gross Margin Analysis - Retail gross margin for the third quarter was 44.5%, slightly down from 45.3% in the previous year, with variations across merchandise categories [6][11] - Consolidated gross margin for the 39 weeks was 41.6%, compared to 42.0% in the prior year [11] Operating Expenses - Operating expenses for the third quarter were $418.9 million, slightly lower than $421.8 million in the previous year, representing 29.4% of sales [8][12] - For the 39 weeks, operating expenses increased to $1,279.2 million, or 28.6% of sales, compared to 26.8% in the prior year [12] Inventory Management - Ending inventory increased by 3% compared to the previous year, with the company noting a shorter selling period between Thanksgiving and Christmas [7][10] Share Repurchase Activity - During the third quarter, Dillard's repurchased $107 million worth of stock, reducing total shares outstanding to 15.9 million [1][13]

Core Viewpoint - Dillard's, Inc. is anticipated to report year-over-year declines in both revenue and earnings for the third quarter of fiscal 2024, with revenues expected to be $1.4 billion, reflecting a 3.8% decrease, and earnings per share projected at $6.47, indicating a 30.4% decline from the previous year [1]. Financial Performance - The Zacks Consensus Estimate indicates a revenue decline of 3.8% year-over-year for the fiscal third quarter, with earnings expected to decrease by 30.4% compared to the same quarter last year [1]. - In the last reported quarter, Dillard's experienced a negative earnings surprise of 22.3%, while it has beaten the Zacks Consensus Estimate by an average of 12.4% over the trailing four quarters [2]. Earnings Prediction - The current model does not predict an earnings beat for Dillard's, as it has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold) [3]. Market Trends - Dillard's has been affected by a challenging retail environment, leading to cautious consumer buying behavior, which has negatively impacted sales and comparable-store sales [4]. - A predicted decline of 2.4% in comparable-store sales is expected due to the tough retail conditions, with overall retail sales anticipated to drop by 2.7% year-over-year in the fiscal third quarter [5]. Operating Expenses - Selling, General and Administrative (SG&A) expenses are expected to rise by 5.3% for the third quarter, with the SG&A expense rate projected to increase by 240 basis points to 30.4% [6]. - Operating margin is anticipated to decline by 370 basis points, with operating income expected to decrease by 30% year-over-year in dollar terms [6]. Strategic Initiatives - Dillard's has been improving its inventory management and responding to strong consumer demand, which has positioned the company favorably in the competitive retail landscape [7]. - The company is focusing on growth opportunities in both brick-and-mortar and e-commerce, enhancing brand relationships, remodeling stores, and optimizing its activewear segment [8]. E-commerce and Store Performance - Dillard's has made gains through initiatives aimed at enhancing brand relations, focusing on trending categories, and increasing rewards for store personnel, which are expected to contribute positively to sales [9]. - The e-commerce segment has benefited from improved merchandise assortments and effective inventory management, with expectations of enhanced productivity at existing stores and improved omnichannel operations [9]. Valuation Metrics - Dillard's is currently trading at a premium compared to industry benchmarks, with a forward 12-month price-to-sales ratio of 1x, which is below its five-year high of 1.22x but higher than the industry average of 0.36x [10]. - Over the past three months, Dillard's shares have increased by 2.8%, outperforming the industry's growth of 1.5% [10].

LITTLE ROCK, Ark., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (“Dillard’s”) (NYSE: DDS) is pleased to present Darby Fallon Clark for Edgehill, a limited-edition capsule collection for children now available exclusively at Dillard’s. Atlanta-based tastemaker Darby Fallon Clark has inspired this coordinating collection of children’s apparel, accessories and footwear in partnership with Dillard’s - just in time for the holidays. Darby Fallon Clark created each piece of her Edgehill collection with the ...

Table of Contents Class A Common Stock DDS New York Stock Exchange Non-accelerated filer ☐ 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 August 3, 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 ...

JHVEPhoto Investment summary My recommendation for Dillard's (NYSE:DDS) is a hold rating. I have a negative outlook for the business over the near term, as the macro backdrop remains unfavorable and has already shown its impact on SSSG. The growing inventory on DDS balance sheet is also worrisome, which I see as a downside risk for 2H24 gross margin performance. The stock's valuation is also not trading at a cheap level, which justifies me taking the risk. Business overview DDS is a retailer that sells cosm ...