LITTLE ROCK, Ark., March 17, 2025 (GLOBE NEWSWIRE) -- Dillard's, Inc. (DDS-NYSE) ("Dillard's" or "the Company") announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the Company's liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030. The credit facility is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of ...

LITTLE ROCK, Ark., March 17, 2025 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (DDS-NYSE) (“Dillard’s” or “the Company”) announced that it has amended and extended its $800 million senior secured revolving credit facility consistent with the Company’s liquidity needs. A $200 million expansion option remains in place. The new maturity date is March 12, 2030. The credit facility is available to the Company for general corporate purposes including, among other uses, working capital financing, the issuance of letters of ...

LITTLE ROCK, Ark., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Dillard's, Inc. (DDS-NYSE) (the "Company" or "Dillard's") announced that the Board of Directors declared a cash dividend of $0.25 per share on the Class A and Class B Common Stock of the Company. The dividend is payable May 5, 2025 to shareholders of record as of March 31, 2025. CONTACT:Julie J. Guymon, C.P.A. 501-376-5965julie.guymon@dillards.com ...

LITTLE ROCK, Ark., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (DDS-NYSE) (the “Company” or “Dillard’s”) announced that the Board of Directors declared a cash dividend of $0.25 per share on the Class A and Class B Common Stock of the Company. The dividend is payable May 5, 2025 to shareholders of record as of March 31, 2025. CONTACT:Julie J. Guymon, C.P.A. 501-376-5965julie.guymon@dillards.com ...

Core Insights - Dillard's Inc. reported fourth-quarter fiscal 2024 results with both sales and earnings surpassing Zacks Consensus Estimates, despite a year-over-year decline in both metrics [1][2] - The challenging consumer landscape negatively impacted sales and comparable store sales [1] Financial Performance - Earnings per share (EPS) reached $13.48, exceeding the Zacks Consensus Estimate of $9.66, but down 12.7% from $15.44 in the same quarter last year [1] - Net sales totaled $2.017 billion, a decrease of 5.1% year over year, yet above the Zacks Consensus Estimate of $1.936 billion [2] - Total retail sales (excluding CDI Contractors, LLC) fell 5.5% year over year to $1.943 billion, with comparable store sales declining by 1% [4] Sales Breakdown - Strong sales were noted in the home and furniture, and cosmetics categories, while men's apparel and accessories, and shoes were the weakest categories [5] - The consolidated gross margin contracted by 170 basis points year over year to 34.9%, with retail gross margin at 36.1%, reflecting a decrease of 160 basis points [6] Operating Expenses - SG&A expenses as a percentage of sales remained flat at 22.4%, while in dollar terms, they decreased by 5.2% year over year to $452 million due to stringent expense control measures [7][9] Cash Flow and Capital Expenditure - Dillard's ended fiscal 2024 with cash and cash equivalents of $717.9 million and long-term debt of $321.6 million [10] - The company repurchased 36,000 shares for $14 million in the fourth quarter, with $273 million remaining under its current share repurchase authorization [11] Future Outlook - For fiscal 2025, Dillard's anticipates depreciation and amortization expenses of $180 million and projects net interest and debt income of $8 million [13]

Core Viewpoint - Dillard's reported strong earnings for Q4 2024, exceeding expectations, but faced a challenging retail environment with mixed results across product categories [2][6]. Financial Performance - The company achieved an EPS of $13.48, surpassing the analyst expectation of $9.79, but this represented a 12.7% decline from the previous year’s EPS of $15.44 [3][6]. - Revenue for the quarter was $2.017 billion, slightly above the expected $1.997 billion, but down from $2.124 billion in the same quarter last year, reflecting a 5.5% year-over-year decline [2][3][6]. - Net income was reported at $214.4 million, a decrease of 14.4% from $250.5 million in Q4 2023 [3][6]. - Retail gross margin decreased to 36.1%, down 1.6 percentage points from 37.7% in the previous year [3]. Operational Overview - Dillard's operates 272 stores, including 28 clearance centers, and offers a range of products including fashion apparel, cosmetics, and home furnishings [4]. - The company has been focusing on an omni-channel strategy, enhancing e-commerce capabilities and tailoring merchandise to regional preferences [5]. Inventory and Expense Management - The company reported a 7% increase in inventory by the end of the quarter, which could lead to markdowns if not managed effectively [8]. - Operating expenses remained steady at $452 million, constituting 22.4% of sales, consistent with the previous year [8]. Strategic Initiatives - Dillard's is transitioning its credit card partnership to Citibank with a new co-branded Mastercard, aimed at enhancing customer loyalty and driving sales [9]. - Management plans to invest $180 million in depreciation and $120 million in capital expenditures for the year ending January 31, 2026, focusing on digital infrastructure and store operations [10]. Market Environment - The retail environment remains competitive, with apparel and shoes underperforming, while cosmetics and home furnishings showed resilience [7]. - A 1% decrease in total retail sales and comparable store sales over the 13-week period reflects ongoing challenges in the market [7].

Group 1 - Dillard's shares closed down 5.1% on February 25th following the announcement of financial results for the final quarter of the company's 2024 fiscal year [1] - The announcement of financial results had a negative impact on shareholder sentiment, leading to a significant drop in stock price [1] Group 2 - Crude Value Insights provides an investing service focused on oil and natural gas, emphasizing cash flow and companies that generate it [1] - The service aims to identify value and growth prospects within the oil and gas sector [1] - Subscribers have access to a stock model account, in-depth cash flow analyses of exploration and production firms, and live chat discussions about the sector [2]

Financial Performance - Dillard's reported net income of $214.4 million, or $13.48 per share, for the fourth quarter, down from $250.5 million, or $15.44 per share, in the prior year[2] - For the fiscal year, net income was $593.5 million, or $36.82 per share, down from $738.8 million, or $44.73 per share, in the previous year[13] - Net income for the 52 weeks ended February 1, 2025, was $593.5 million, a decrease of 19.7% compared to $738.8 million for the 53 weeks ended February 3, 2024[25] Sales Performance - Total retail sales decreased by 1% to $1.943 billion for the 13 weeks ended February 1, 2025, compared to $2.057 billion for the same period last year[7] - Comparable store sales also decreased by 1% for the same period[7] - Total retail sales for the fiscal year decreased by 2% to $6.219 billion compared to $6.480 billion in the prior year[16] Margins and Expenses - Retail gross margin was 36.1% of sales, down from 37.7% in the prior year[9] - Retail gross margin for the fiscal year was 41.0% of sales, down from 41.8% in the previous year[17] - Operating expenses for the fourth quarter were $452.0 million, representing 22.4% of sales, compared to $476.7 million, or 22.4% of sales, in the prior year[11] Assets and Liabilities - Total current assets increased to $2,368.1 million as of February 1, 2025, up from $2,208.2 million a year earlier, primarily driven by an increase in short-term investments[24] - Merchandise inventories rose to $1,172.0 million, reflecting a 7.1% increase from $1,094.0 million in the previous year[24] - Cash and cash equivalents decreased to $717.9 million from $808.3 million, marking a decline of 11.5%[25] - Total liabilities increased to $1,734.9 million as of February 1, 2025, compared to $1,706.5 million a year earlier[24] - Stockholders' equity rose to $1,796.2 million, up from $1,697.1 million, reflecting a growth of 5.8%[24] Cash Flow and Capital Expenditures - Net cash provided by operating activities was $714.1 million, down from $883.6 million, indicating a decrease of 19.1%[25] - Capital expenditures for 2025 are estimated at $120 million, an increase from $105 million in 2024[26] - The company anticipates depreciation and amortization of $180 million for 2025, slightly up from $178 million in 2024[26] Share Repurchase and Stock Information - The company purchased $14.0 million of Class A Common Stock during the fourth quarter, with approximately $273.0 million remaining under the share repurchase program[19] Operational Overview - Dillard's operates 272 stores across 30 states, totaling 46.3 million square feet[22] Forward-Looking Statements - The company cautions that forward-looking statements are subject to various risks and uncertainties, including economic conditions and consumer spending patterns[27]

Company Performance - Dillard's reported quarterly earnings of $13.48 per share, exceeding the Zacks Consensus Estimate of $9.66 per share, but slightly down from $13.69 per share a year ago, representing an earnings surprise of 39.54% [1] - The company posted revenues of $2.02 billion for the quarter, surpassing the Zacks Consensus Estimate by 4.14%, although this is a decrease from year-ago revenues of $2.12 billion [2] - Over the last four quarters, Dillard's has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Dillard's shares have increased approximately 11.2% since the beginning of the year, compared to a 1.7% gain in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $9.84 on revenues of $1.52 billion, and for the current fiscal year, it is $30.66 on revenues of $6.53 billion [7] Industry Outlook - The Retail - Regional Department Stores industry, to which Dillard's belongs, is currently ranked in the bottom 28% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Dillard's stock may be influenced by the overall outlook for the industry, as research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Core Viewpoint - Dillard's, Inc. reported a decline in sales and net income for the fourth quarter and fiscal year 2024, with efforts to control expenses amid a challenging retail environment [2][3][13]. Fourth Quarter Results - Net income for the 13 weeks ended February 1, 2025, was $214.4 million, or $13.48 per share, down from $250.5 million, or $15.44 per share, for the 14 weeks ended February 3, 2024 [3][8]. - Net sales for the 13 weeks ended February 1, 2025, were $2.017 billion, compared to $2.124 billion for the 14 weeks ended February 3, 2024, reflecting a decrease of 5% [4][8]. - Total retail sales, excluding the construction business, decreased by 1% to $1.943 billion for the 13-week period [5][8]. - Retail gross margin was 36.1% of sales, down from 37.7% in the prior year [6][8]. Fiscal Year Results - For the 52 weeks ended February 1, 2025, net income was $593.5 million, or $36.82 per share, compared to $738.8 million, or $44.73 per share, for the 53 weeks ended February 3, 2024 [13][15]. - Net sales for the fiscal year were $6.483 billion, down from $6.752 billion, representing a decrease of 4% [14][15]. - Total retail sales for the fiscal year decreased by 2% to $6.219 billion, with comparable store sales down 3% [15][17]. - Retail gross margin for the fiscal year was 41.0% of sales, compared to 41.8% in the previous year [16][17]. Operating Expenses - Operating expenses for the 13 weeks ended February 1, 2025, were $452.0 million, or 22.4% of sales, compared to $476.7 million, or 22.4% of sales, for the 14 weeks ended February 3, 2024 [11][8]. - For the fiscal year, operating expenses increased to $1,731.2 million, or 26.7% of sales, from $1,717.4 million, or 25.4% of sales, in the previous year [17][19]. Inventory and Share Repurchase - Ending inventory increased by 7% as of February 1, 2025, compared to February 3, 2024 [10][8]. - During the 13 weeks ended February 1, 2025, the company repurchased $14.0 million worth of Class A Common Stock [20].