The Latest from SREG

Unique, people-first culture, and how SREG is redefining the industry

Dillard’s reports record Q2 metrics, showing significant momentum through 2021

Friday, Aug 13, 2021

Dillard’s has released operating results for the second quarter of 2021. 

“The strong consumer demand we saw in the first quarter continued throughout the second quarter. This momentum, combined with our continuing focus on inventory and expense control, produced a sequential record performance. We ended the quarter with $670 million in cash even after repurchasing $112 million of stock,” William T. Dillard, Chief Executive Officer. 

Second Quarter Metrics: 

  • Total retail sales increased 72%
  • Net income of $185.7 million compared to a net loss of $8.6 million
  • Net income of $8.81 per share compared to a net loss of $0.37 per share
  • Retail gross margin of 41.7% compared to 31.1%
  • Inventory decreased approximately 13%
  • Operating expenses were $365.9 million (23.3% of sales) compared to $267.1 million (29.1% of sales)
  • Share repurchases of $112.2 million during the quarter
  • Cash flow provided by operations of $492.4 million compared to $294.5 million of cash used in operations (26 weeks)
  • Ending cash of $669.5 million compared to $82.9 million with no short-term borrowings compared to $229.6 million

Source: Dillard’s Press Release
Photo Credit: Shutterstock

SREG's Insight, Expertise & Experience

Find out how SREG's unparalleled level of service, unprecedented expertise, and in-depth industry insight can transform your assets and create significant real estate value.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.