Dillard's (DDS) investor relations material

Executive summary

• Second quarter total retail sales rose 1% year-over-year, with comparable store sales also up 1%.

• Net income for the quarter was $97.7 million, up from $72.8 million a year ago, with EPS of $6.25 versus $4.66.

• Year-to-date (26 weeks), total retail sales increased 2% and comparable store sales also grew 2%.

• Net income for the 26 weeks was $348.2 million, up from $236.7 million, with EPS of $22.30 versus $15.08.

Financial highlights

• Retail gross margin for the quarter was 40.9% of sales, up from 38.1%, aided by $37.2 million in IEEPA tariff refunds.

• Consolidated gross margin for the quarter was 39.7% versus 36.6% last year.

• Operating expenses for the quarter were $443.6 million (29.4% of sales), up from $434.2 million (28.7%).

• Year-to-date retail gross margin was 43.4% versus 41.8% last year.

• Year-to-date operating expenses were $887.6 million (28.9% of sales), up from $855.9 million (28.1%).

Outlook and guidance

• Estimates for the full year ending January 30, 2027: depreciation and amortization $175M, rentals $18M, interest and debt expense $120M, capital expenditures $93M.