The company’s net sales reached $1.469 billion, including construction business CDI, while retail-only sales stood at $1.401 billion, up 3 per cent. Retail gross margin improved to 45.3 per cent of sales, reflecting moderate gains in accessories and shoes.
Dillard’s operating expenses increased to $440.4 million (30 per cent of sales), mainly due to higher payroll-related costs. Its consolidated gross margin improved to 43.4 per cent and inventory ended the quarter 2 per cent higher year-on-year (YoY), Dillard’s Inc said in a press release.
The company continues to operate 272 stores, including 28 clearance centres, across 30 states and will close its Plano, Texas store in January 2026.
For the first nine months (9M), Dillard’s reported net income of $366.5 million, slightly below the prior year’s $379.1 million. EPS held steady at $23.39, compared with $23.42 last year. Total retail sales increased 1 per cent to $4.315 billion, with comparable store sales also improving 1 per cent. Net sales totalled $4.511 billion, marginally above last year’s $4.466 billion.
Consolidated gross margin softened to 41.3 per cent, while retail gross margin slipped to 42.9 per cent from 43.3 per cent. Operating expenses rose modestly to $1.296 billion (28.7 per cent of sales).
The company repurchased $107.8 million worth of shares (around 300,000 shares) at an average price of $359.16, leaving $165.2 million authorised under the programme. Total shares outstanding declined to 15.6 million from 15.9 million a year earlier.
The operating cash flow strengthened to $505.8 million, aided by improved payables and lower tax outflows, while cash and equivalents increased to $1.149 billion.
For FY25 Dillard’s expects depreciation of $180 million, rentals of $20 million, and capital expenditure of $100 million.
ALCHEMPro News Desk (SG)
Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!
marketing@alchempro.com
