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
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMoversTrading IdeasGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!