Dillard’s, Inc. Reports Third Quarter and Year-to-Date Results

Core Viewpoint - Dillard's, Inc. reported positive sales growth and net income for the third quarter of 2025, indicating a strong performance heading into the holiday season [1][2][10]. Group 1: Third Quarter Results - Net income for the 13 weeks ended November 1, 2025, was $129.8 million, or $8.31 per share, compared to $124.6 million, or $7.73 per share, for the same period in 2024 [2][10]. - Net sales for the third quarter were $1.469 billion, up from $1.427 billion in the prior year [3][10]. - Total retail sales, excluding the construction business, increased 3% to $1.401 billion compared to $1.356 billion in the previous year [4][10]. - Comparable store sales also rose by 3% during the same period [4][10]. - Significant sales increases were noted in ladies' accessories, lingerie, juniors' and children's apparel, and ladies' apparel [5]. Group 2: Gross Margin and Expenses - Consolidated gross margin for the third quarter was 43.4% of sales, up from 42.6% in the prior year [6][10]. - Retail gross margin increased to 45.3% from 44.5% year-over-year, with moderate increases in ladies' accessories and lingerie, and shoes [7][10]. - Selling, general, and administrative expenses for the quarter were $440.4 million, representing 30.0% of sales, compared to $418.9 million, or 29.4% of sales, in the previous year [9][10]. Group 3: Year-to-Date Results - For the 39 weeks ended November 1, 2025, net income was $366.5 million, or $23.39 per share, down from $379.1 million, or $23.42 per share, in the prior year [11][16]. - Net sales for the 39 weeks were $4.511 billion, compared to $4.466 billion in the previous year [12][16]. - Total retail sales for the 39 weeks increased by 1% to $4.315 billion, with comparable store sales also rising by 1% [12][16]. - Consolidated gross margin for the 39 weeks was 41.3%, slightly down from 41.6% in the prior year [13][16]. - Operating expenses for the 39 weeks were $1.296 billion, or 28.7% of sales, compared to $1.279 billion, or 28.6% of sales, in the previous year [14][16]. Group 4: Share Repurchase and Store Information - During the 39 weeks ended November 1, 2025, the company repurchased $107.8 million worth of Class A Common Stock, totaling approximately 300,000 shares [15]. - Dillard's announced the closure of a store in Plano, Texas, expected to take place in January 2026, while operating a total of 272 stores across 30 states [16].