Dillard's Shares Spike On Strong Q2 Earnings

Dillard's Shares Spike On Strong Q2 Earnings
  • Dillard’s Inc DDS reported second-quarter FY22 sales growth of 1.2% year-on-year, to $1.59 billion, versus $1.57 billion last year.
  • Total retail sales increased 1% for Q2. Sales in comparable stores were flat.
  • Ladies’ apparel was the weakest performing category, with men’s apparel, accessories and cosmetics constituting stronger performing categories.
  • The gross margin for the quarter contracted 20 basis points to 40.8%.
  • The operating expenses for the quarter rose 10% Y/Y to $401.3 million.
  • The company held $492.9 million in cash and equivalents as of July 30, 2022.
  • EPS for the quarter was $9.30 versus $8.81 last year.
  • Outlook: Dillard’s sees FY22 rentals of $23 million. Depreciation and amortization of $190 million.
  • It expects FY22 capital expenditures of $130 million.
  • Price Action: DDS shares are trading higher by 18.93% at $295.48 on the last check Thursday.

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