Dillard's (DDS) Q4 Earnings & Sales Beat, Soft Comps Hurt Stock

Dillard's Inc. (DDS) posted fourth-quarter fiscal 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate. This marked the company’s 12th straight quarter of a bottom-line beat. However, DDS sales and earnings declined year over year. The declines can be attributed to the challenging retail environment, which impacted sales and comps, as well as higher operating expenses.Adjusted earnings of $13.69 per share surpassed the Zacks Consensus Estimate of $11.59. However, the bottom ...