Dillard's (DDS) Q1 2026 earnings summary

Executive summary

• Achieved 3% growth in total and comparable store retail sales year-over-year for Q1 2026.

• Net income rose to $250.6 million from $163.8 million year-over-year.

• Earnings per share increased to $16.04 from $10.39 year-over-year.

• Opened a new 160,000 sq. ft. store in Beavercreek, Ohio, expanding to 272 stores in 30 states.

Financial highlights

• Net sales reached $1.568 billion, up from $1.529 billion year-over-year.

• Retail gross margin improved to 45.8% from 45.5% year-over-year.

• Operating expenses increased to $444.0 million (28.3% of sales) from $421.7 million (27.6% of sales).

• Consolidated gross margin rose to 44.5% from 43.9% year-over-year.

• Ending inventory increased 3% year-over-year.

Outlook and guidance

• Estimates for 2026: Depreciation and amortization at $175 million, rentals at $18 million, net interest income at $5 million, and capital expenditures at $130 million.