Dillard's Q3 Earnings Beat on Expense Control, Stock Jumps 11%

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 ...