Dillard's Pops On Q3 Earnings Beat

Dillard's Pops On Q3 Earnings Beat
  • Dillard’s Inc DDS reported third-quarter FY22 sales growth of 4.1% year-on-year to $1.57 billion, beating the consensus of $1.48 million.
  • Total retail sales increased by 3% for Q3. Sales in comparable stores increased by 3%.
  • Stronger performing categories included cosmetics, men's apparel and accessories, home and furniture and shoes. Juniors' and children's apparel was the weakest performing category.
  • The gross margin for the quarter contracted 160 basis points to 44.6%.
  • The operating expenses for the quarter rose 5.2% Y/Y to $413.8 million.
  • The company held $532.7 million in cash and equivalents as of October 29, 2022.
  • EPS for the quarter was $10.96, above the $5.85 estimate.
  • During Q3, the company purchased $24.3 million of its stock at $245.60 per share under its share repurchase program.
  • Price Action: DDS shares are trading higher by 5.41% at $330.32 on the last check Thursday.
  • Photo Via Company

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