Dillards Inc. - DDS STOCK NEWS

Dillard’s reported its financial results for the first quarter ending on May 4, 2024. The company saw a slight decrease in net sales, totaling $1.56 billion compared to $1.59 billion in the previous year. Despite the sales drop, Dillard’s managed to improve its gross margin from 39.6% to 40.2%, thanks to better inventory management and cost controls. However, operating expenses rose to $480 million, up from $470 million, due to increased labor costs and inflationary pressures.

Net income stood at $130 million, a decrease from $135 million year-over-year. Earnings per share (EPS) dropped to $7.50 from $7.80. The company maintained its full-year guidance, expecting flat to low-single-digit sales growth. Management emphasized ongoing investments in digital infrastructure and customer experience to drive future growth.

Dillard’s (NYSE: DDS) is set to release its first quarter results for the 13 weeks ending May 4, 2024, on May 16, 2024. The announcement will occur before the opening of the New York Stock Exchange, providing investors with critical insights into the company's financial performance. This quarterly report will offer detailed information about Dillard’s revenue, earnings per share (EPS), and guidance for future quarters. Investors and analysts will closely watch these results to gauge the company’s market position and evaluate its growth and profitability over the recent quarter.

Dillard's has launched The Cabana, a new swim shop featuring a curated selection of premier swimwear brands. Available in select Dillard's locations and online, The Cabana offers brands like Andrea Iyamah, Agua Bendita, Bahia Maria, Beach Riot, Maaji, and Solid & Striped, with some brands exclusive to their website. Alexandra Dillard Lucie, VP of Merchandising, highlighted the shop's focus on unique and high-quality swimwear that celebrates summer. The Cabana is now open in 36 locations across 13 states, with a strong presence in Texas and Florida. This launch aligns with Dillard's strategy to enhance its fashion offerings and customer experience.

Dillard's, Inc. announces the launch of M.G. Style for Antonio Melani, a -edition capsule collection by stylist Mary Glenn McElveen. The collection includes separates, dresses, swimwear, and shoes available in stores and online. The line aims to capture summer vibes with chic and timeless designs.

Dillard’s, Inc. announces the launch of Caelynn Bell for Gianni Bini, a -edition capsule collection designed with style and travel tastemaker Caelynn Bell. The collection includes dresses, separates, and footwear suitable for various occasions. Available exclusively at Dillard’s stores and online, the collaboration aims to offer versatile and elevated fashion options for spring and summer wardrobes.

Dillard’s, Inc. announces the launch of Katherine Mason for Kinesis, a collaboration offering athleisure and performance pieces. Katherine Mason, a fitness and fashion expert, designed the exclusive line available at Dillard’s locations nationwide and online at dillards.com.

Dillard’s, Inc. (NYSE: DDS) declared a cash dividend of $0.25 per share on their Class A and Class B Common Stock, payable on May 6, 2024. Shareholders of record as of March 28, 2024, will benefit from this dividend.

Dillard’s, Inc. (NYSE: DDS) reported its operating results for the 14 and 53 weeks ended February 3, 2024, following a 4-5-4 retail reporting calendar. The company saw a sales increase of 2% for the quarter and 4% for the year, with a net income of $7.9 million. Dillard’s also repurchased $200 million of its Class A common stock.

Dillard’s, Inc. announces The Style Bungalow for Antonio Melani, a limited-edition capsule collection in collaboration with Stephanie Hill. The collection includes ladies’ apparel, swimwear, and footwear available nationwide and online. Stephanie Hill's inspiration for the collection blends raffia, cotton poplin, stripes, florals, and voluminous skirts, reflecting her vintage items, Latin heritage, and ballet background. Dillard’s VP of Merchandising praises the collection as stunning and perfect for spring.