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].

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].

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]

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].

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]