Dillard’s Reports Decline in Sales and Income

Dillard’s ( (DDS) ) has released its Q4 earnings. Here is a breakdown of the information Dillard’s presented to its investors.

Dillard’s, Inc. is a retail company operating department stores across the United States, known for offering a wide range of products including apparel, cosmetics, and home furnishings, with a notable presence in the retail industry.

In its latest earnings report, Dillard’s announced a slight decline in sales and net income for both the fourth quarter and the fiscal year ending February 1, 2025. The company faced challenges in maintaining its gross margin amidst a 1% decrease in total retail sales for the quarter and a 2% decrease for the fiscal year.

Key financial metrics revealed that Dillard’s net income for the fourth quarter was $214.4 million, down from $250.5 million in the previous year, with earnings per share also decreasing from $15.44 to $13.48. For the fiscal year, net income dropped to $593.5 million from $738.8 million, with earnings per share falling from $44.73 to $36.82. The company managed to reduce its operating expenses slightly during the quarter, despite a 7% increase in inventory levels.

Looking ahead, Dillard’s management remains focused on controlling expenses and navigating the challenging retail environment. The company plans to continue its strategic efforts to enhance operational efficiency and adapt to changing consumer preferences in the upcoming fiscal year.