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Dillard’s showcases strong Q4 and Fiscal Year as the company enters it 85th year in business

Thursday, Feb 23, 2023

Dillard’s, Inc. has recently announced operating and financial results for its fourth quarter and entire fiscal year. 

Fiscal Year Highlights:

  • Total retail sales increased 5%
  • Comparable store sales increased 5%
  • Net income of $891.6 million compared to $862.5 million
  • Earnings per share of $50.81 compared to $41.88
  • Retail gross margin of 43.0% of sales compared to 42.9% of sales
  • Operating expenses were $1.674 billion (24.4% of sales) compared to $1.537 billion (23.7% of sales)
  • Share repurchase of $436.6 million (approximately 1,709,000 shares)
  • Ending inventory increase of 4%

Fourth Quarter Highlights:

  • Comparable store sales were unchanged (as a percentage)
  • Net income of $289.2 million compared to net income of $321.2 million
  • Earnings per share of $16.89 compared to $16.61
  • Retail gross margin of 38.7% of sales compared to 41.4% of sales
  • Operating expenses were $458.4 million (21.6% of sales) compared to $440.9 million (20.9% of sales)

“We are entering our 85th year of operation in a strong position with today’s results. Fiscal year earnings per share of $50.81 seemed impossible just a couple of years ago, but we have seen what we can do by controlling our inventory and focusing on our customer. From the resulting strong cash flow, we were happy to return $708 million to our shareholders, and the majority of them are our associates,”said William T. Dillard II, Dillard’s Chief Executive Officer.

Source: Dillard’s – Q4
Photo Credit: Dillard’s

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