Dillard's(DDS)

Search documents
Dillard's, Inc. Reports Fourth Quarter and Fiscal Year Results
GlobeNewswire News Room· 2025-02-25 11:50
Core Viewpoint - Dillard's, Inc. reported a decline in sales and net income for the fourth quarter and fiscal year 2024, indicating challenges in maintaining profitability amid rising operating expenses and a competitive 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 fourth quarter were $2.017 billion, compared to $2.124 billion in the prior year, reflecting a decrease of approximately 5% [4][5]. - Total retail sales, excluding the construction business, decreased by 1% to $1.943 billion, with comparable store sales also down by 1% [5][8]. - Consolidated gross margin for the quarter was 34.9%, down from 36.6% in the previous year [6][8]. - Retail gross margin was 36.1%, compared to 37.7% in the prior year, with significant declines in home and furniture and ladies' apparel categories [7][8]. Fiscal Year Results - For the 52 weeks ended February 1, 2025, net income was $593.5 million, or $36.82 per share, down from $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, compared to $6.752 billion in the previous year, marking 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 by 3% [15][17]. - Consolidated gross margin for the fiscal year was 39.5%, down from 40.3% in the previous year, while retail gross margin was 41.0%, compared to 41.8% [16][17]. Operating Expenses - Operating expenses for the fourth quarter were $452.0 million, representing 22.4% of sales, a decrease from $476.7 million (22.4% of sales) in the prior year [11][8]. - For the fiscal year, operating expenses increased to $1,731.2 million (26.7% of sales) from $1,717.4 million (25.4% of sales) in the previous year, primarily due to increased payroll and related expenses [17][19]. Share Repurchase and Inventory - During the fourth quarter, the company repurchased $14.0 million worth of Class A Common Stock, with approximately $273.0 million remaining under the share repurchase program [20]. - Ending inventory increased by 7% as of February 1, 2025, compared to the previous year [10][8]. Other Information - Dillard's operates 272 stores across 30 states, including 28 clearance centers, and has an online presence at dillards.com [21].
Dillard’s, Inc. to Report Fourth Quarter and Fiscal Year Results
GlobeNewswire· 2025-02-24 22:43
Core Viewpoint - Dillard's, Inc. is set to announce its financial results for the 13 and 52 weeks ended February 1, 2025, before the opening of the New York Stock Exchange on February 25, 2025 [1] Company Summary - The announcement will cover the financial performance for both the 13-week and 52-week periods [1] - The results are anticipated to provide insights into the company's operational performance and market position [1] Contact Information - Julie J. Guymon is the Director of Investor Relations, and can be contacted at (501) 376-5965 or via email at julie.guymon@dillards.com [1]
Dillard's to Report Q4 Earnings: What Should Investors Expect?
ZACKS· 2025-02-24 19:30
Core Viewpoint - Dillard's, Inc. is anticipated to report year-over-year declines in both revenue and earnings for the fourth quarter of fiscal 2024, with revenues expected to be $1.94 billion, reflecting an 8.9% decrease, and earnings projected at $9.62 per share, indicating a 29.7% decline from the previous year [1]. Financial Performance - The Zacks Consensus Estimate for Dillard's fourth-quarter revenues is $1.94 billion, which is an 8.9% decline from the prior year's figure [1]. - The consensus estimate for earnings per share is $9.62, representing a 29.7% decrease compared to the same quarter last year [1]. - In the last reported quarter, Dillard's achieved an earnings surprise of 19.5%, and over the trailing four quarters, the company has beaten the Zacks Consensus Estimate by an average of 8.8% [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 8.5% in comparable-store sales for the fourth quarter is attributed to the tough retail conditions, with overall retail sales expected to drop by 8.9% year-over-year [5]. - Higher payroll and related expenses are anticipated to have negatively impacted margins and the bottom line [5]. Operational Initiatives - Dillard's has been improving its inventory management and responding to strong consumer demand, which has helped strengthen its competitive position [6]. - 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 [7]. - Initiatives to improve brand relations, focus on trending categories, and increase rewards for store personnel are expected to contribute positively to sales [8]. - The e-commerce segment has benefited from better merchandise assortments and effective inventory management, which is likely to enhance overall performance [9]. Valuation and Stock Performance - Dillard's is currently trading at a forward 12-month price-to-sales ratio of 1.18X, which is above the industry average of 0.37X, indicating a premium valuation [10]. - The stock has increased by 3.5% over the past three months, contrasting with a 6% decline in the industry [11].
Dillard’s Introduces Style by Simkins for Antonio Melani
GlobeNewswire· 2025-02-24 14:00
Core Insights - Dillard's, Inc. has launched a new collection called Style by Simkins for Antonio Melani, available both online and in stores nationwide [1][2] - The collection is inspired by the coastal elegance of Beaufort, South Carolina, featuring vibrant colors, graceful silhouettes, and modern geometric patterns [2] - The collection includes Spring/Summer dresses, separates, footwear, swimwear, and coverups in sizes ranging from 0-18 and XS to XL, available for a limited time [2] Company Overview - Antonio Melani is Dillard's largest ladies' apparel brand, established in 2001, initially focusing on footwear before expanding to apparel and handbags [4] - The brand aims to provide a high-end collection that combines sophistication with current styling, catering to the modern woman's career and social needs [5] - Antonio Melani emphasizes luxury fabrications and is available at Dillard's locations and online [5] Designer Profile - Natalie Simkins, the creator of Style by Simkins, is a fashion stylist and content creator known for blending high and low price points to create timeless looks [3] - Simkins focuses on helping individuals build versatile wardrobes that reflect personal style while being budget-conscious [3]
Dillard's Introduces Style by Simkins for Antonio Melani
Newsfilter· 2025-02-24 14:00
LITTLE ROCK, Ark., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Dillard's, Inc. ("Dillard's") (NYSE:DDS) is pleased to announce Style by Simkins for Antonio Melani, now available on dillards.com as well as in stores nationwide. New York City-based content creator and fashion stylist, Natalie Simkins, has created this elegant and comprehensive Spring/Summer collaboration exclusively for Dillard's Antonio Melani customers. Describing her inspiration for Style by Simkins for Antonio Melani, Simkins shares, "My Spring co ...
Dillard's Gains 33.6% in 6 Months: Time to Buy, Sell or Hold the Stock?
ZACKS· 2025-02-12 17:46
Dillard's Inc. (DDS) stock has been trending up the charts in the past six months, recording growth of 33.6%. This growth comfortably outpaces the broader Retail-Wholesale sector’s return of 26.6% and the Zacks Retail - Regional Department Stores industry‘s growth of 7.1% in the same period. DDS’ shares also surpassed the S&P 500 index’s appreciation of 13.1% in the six-month time frame.DDS’ Strategies Aid the RallyDillard’s is benefiting from its efforts to capture growth opportunities in brick-and-mortar ...
Dillard's Introduces Kristin Ellen Hockman for Edgehill
Newsfilter· 2025-02-10 13:30
LITTLE ROCK, Ark., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Dillard's, Inc. ("Dillard's") (NYSE:DDS) is pleased to announce Kristin Ellen Hockman for Edgehill, launching on dillards.com at 10.00 a.m. Central today as well as in stores nationwide. Kristin Ellen Hockman, a mother, interior designer and fashion tastemaker, has designed this limited-edition capsule collection for Edgehill, the Company's elevated and exclusive line of children's apparel and accessories. Kristin Ellen Hockman shares, "Working on this c ...
Dillard's to Donate more than $250,000 to local RMHC Chapters through sale of Southern Living Christmas Cookbook
Newsfilter· 2025-02-10 13:00
LITTLE ROCK, Ark., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Dillard's, Inc. (DDS: NYSE, "Dillard's") announced today that it will make a significant contribution of more than $250,000 to local Ronald McDonald House Charities (RMHC) Chapters. This donation was made possible through the sale of Dillard's exclusive Southern Living Christmas Cookbook. Dillard's offered a special custom edition of the Southern Living Christmas Cookbook to benefit RMHC Chapters. This exclusive, 240-page hardbound cookbook contains brand ...
Dillard’s to Donate more than $250,000 to local RMHC Chapters through sale of Southern Living Christmas Cookbook
GlobeNewswire· 2025-02-10 13:00
LITTLE ROCK, Ark., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Dillard’s, Inc. (DDS: NYSE, “Dillard’s”) announced today that it will make a significant contribution of more than $250,000 to local Ronald McDonald House Charities (RMHC) Chapters. This donation was made possible through the sale of Dillard’s exclusive Southern Living Christmas Cookbook. Dillard’s offered a special custom edition of the Southern Living Christmas Cookbook to benefit RMHC Chapters. This exclusive, 240-page hardbound cookbook contains brand ...
Best Momentum Stocks to Buy for December 24th
ZACKS· 2024-12-24 16:16
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, December 24:Puma Biotechnology, Inc. (PBYI) : This biopharmaceutical company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 14% over the last 60 days.Puma Biotechnology's shares gained 10.2% over the last three months compared with the S&P 500’s advanced of 4.4%. The company possesses a Momentum Score of A.Dillard's, Inc. (DDS) : This retail compa ...