Dillards Inc - DDS STOCK NEWS

Dillard's (NYSE: DDS) released its fourth quarter and fiscal year 2024 results, reporting a decrease in performance compared to the previous year. For Q4, the company posted net income of $214.4 million ($13.48 per share), down from $250.5 million ($15.44 per share) in the prior year. Total retail sales decreased 1% with comparable store sales also down 1%.

Retail gross margin declined to 36.1% from 37.7% in the previous year's Q4. Inventory increased by 7%. For the full fiscal year 2024, Dillard's reported net income of $593.5 million ($36.82 per share), compared to $738.8 million ($44.73 per share) in fiscal 2023. Annual retail sales decreased 2% with comparable store sales down 3%.

CEO William T. Dillard, II noted: "With sales down 1%, we worked on controlling expenses but lost some steam in gross margin." During Q4, the company repurchased approximately 36,000 shares for $14 million, with $273 million remaining in its buyback authorization. Dillard's currently operates 272 stores across 30 states.

Dillard's (NYSE: DDS) has announced it will release its financial results for both the fourth quarter (13 weeks) and full fiscal year (52 weeks) ended February 1, 2025. The earnings announcement is scheduled for tomorrow before the New York Stock Exchange opens.

Dillard's (NYSE: DDS) has launched 'Style by Simkins for Antonio Melani,' a -edition Spring/Summer capsule collection created exclusively by New York City-based content creator and fashion stylist Natalie Simkins. The collection is now available on dillards.com and in stores nationwide.

The collection features Spring/Summer dresses and separates in sizes 0-18 and XS to XL, along with footwear, swimwear, and coverups. Inspired by Simkins' hometown of Beaufort, South Carolina, the collection incorporates coastal elements with modern geometric patterns and vibrant colors.

Antonio Melani, Dillard's largest ladies' apparel brand launched in 2001, focuses on high-end collections combining sophistication with modern styling. The brand caters to professional women's career and social needs, emphasizing luxury fabrications.

Dillard's (NYSE: DDS) has announced the launch of a -edition capsule collection, Kristin Ellen Hockman for Edgehill, available on dillards.com and in stores nationwide. The collection is part of Dillard's exclusive Edgehill line of children's apparel and accessories.

The collection features infants and children's apparel with coordinating footwear and accessories. Apparel sizes range from newborn to 6x (girls) and 7 (boys), while footwear sizes span from Infant 5 to Youth 1. Additional items include a coordinating quilt, plush ducks, weekender bag, and storage trunk.

Kristin Ellen Hockman, an interior designer and fashion tastemaker, designed the collection focusing on harmonious fabrics and colors suitable for various occasions, from casual spring days to Easter Sunday. The collection aims to create unique, upscale pieces that blend traditional design with Scandinavian sensibility.

Dillard's (NYSE: DDS) has announced a donation of over $250,000 to local Ronald McDonald House Charities (RMHC) Chapters, generated through the sale of their exclusive Southern Living Christmas Cookbook. The 240-page hardbound cookbook features new recipes and 115+ full-color photos.

This contribution adds to Dillard's impressive $16.0 million total donations since 1994 to RMHC Chapters. The partnership supports RMHC's mission of providing essential services to families with ill, injured, or hospitalized children, offering them accommodation near hospitals, home-cooked meals, and a supportive community environment.

RMHC operates through 255 Chapters across 62 countries, working to reduce stress and financial burdens for families seeking medical care away from home. Dillard's, founded in 1938, currently operates 273 locations across 30 states, including 28 clearance centers and an online store.

Dillard's has announced its largest-ever special dividend of $25.00 per share on Class A and Class B Common Stock, payable January 6, 2025, to shareholders of record as of December 13, 2024. Additionally, the company declared a quarterly cash dividend of $0.25 per share, payable February 3, 2025, to shareholders of record as of December 31, 2024. Management emphasized the significance of rewarding shareholders, noting that the majority are also company associates whose exceptional efforts, along with loyal customers, made this historic dividend possible.

Dillard's (NYSE: DDS) announces the launch of Lilly Sisto for Gianni Bini, a -edition capsule collection featuring contemporary apparel, footwear, handbags, and accessories. The collection, designed in collaboration with New York-based fashion influencer Lilly Sisto, is now available in Dillard's stores nationwide and on dillards.com. The collection combines timeless wardrobe staples with Sisto's signature tomboy-chic style, inspired by vintage pieces and her experiences across New Jersey, Palm Beach, Dallas, and New York City. Gianni Bini, Dillard's largest ladies' contemporary brand, continues its mission of offering cutting-edge fashion trends through this collaboration.

Dillard's, Inc. (NYSE: DDS) reported its operating results for the third quarter and year-to-date ending November 2, 2024.

The company highlighted a net income of $45.5 million for the third quarter, down from $56.0 million in the same period last year. Year-to-date net income reached $157.2 million, compared to $171.5 million in 2023. Total merchandise sales decreased slightly to $1.32 billion, compared to $1.34 billion last year.

Additionally, Dillard's saw a gross margin of 37.5%, down from 38.2% in the previous year. Operating expenses increased to $380.3 million, up from $368.2 million last year, primarily due to higher labor costs.

The company remains focused on inventory management and cost control, aiming to navigate the challenging retail environment effectively.

Dillard's (NYSE: DDS) has announced it will release its financial results for the 13 and 39-week periods ending November 2, 2024. The earnings report will be published before the New York Stock Exchange opens on the following day. The announcement will cover both third quarter and year-to-date performance metrics.