Dillard’s Beats on Earnings but Misses Revenue as Retail Conditions Remain Challenging

Core Insights - Dillard's Inc. reported fourth-quarter earnings that exceeded analyst expectations with adjusted earnings per share of $13.05, surpassing the consensus estimate of $10.61 by $2.44, despite revenue falling short at $1.96 billion compared to the $2.04 billion estimate [1] - The company's total retail sales decreased by 1% year over year to $1.92 billion, with comparable store sales also down by 1%, attributed to disruptions from a winter storm affecting over one-third of its store base [2] - For the full fiscal year, Dillard's net income was $570.2 million, or $36.42 per share, a decline from $593.5 million, or $36.82 per share, in the previous year [2] Financial Performance - Total retail sales for the year remained flat at $6.23 billion [3] - Retail gross margin was reported at 40.8%, slightly below the previous year's margin of 41.0% [3] - Operating expenses increased to 27.2% of sales from 26.7% in the prior year [3]