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Dillard's, Inc. - DDS STOCK NEWS

Welcome to our dedicated page for Dillard's news (Ticker: DDS), a resource for investors and traders seeking the latest updates and insights on Dillard's stock.

Dillard's Inc. (symbol: DDS) stands as one of the largest fashion apparel and home furnishings retailers in the United States, with annual revenues surpassing $6.1 billion. The company is dedicated to offering maximum fashion and value to its customers through a diverse selection of compelling apparel and home merchandise, complemented by exceptional customer care.

Operating nearly 300 stores across 29 states, Dillard's showcases a blend of national brands and exclusive merchandise. Some of the exclusive brands include well-known names such as Antonio Melani, Gianni Bini, Daniel Cremieux, and Roundtree & Yorke, alongside private-label merchandise.

In addition to its retail operations, Dillard's owns and operates CDI Contractors, a general contracting construction company. CDI Contractors is engaged in constructing and remodeling Dillard's retail stores, bolstering the company's infrastructure and customer experience.

Dillard’s Inc. operates through two main business segments: Retail Operations and Construction. The Retail Operations segment, which includes the sales of fashion apparel, cosmetics, and home furnishings, accounts for the majority of the company's revenue.

With a commitment to quality and customer satisfaction, Dillard's continues to thrive in the competitive retail market by adapting to consumer trends and maintaining strong partnerships with both national and exclusive brand sources.

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Dillard’s (NYSE: DDS) has launched a -edition fashion collaboration called DANNIJO for Gianni Bini, featuring designs by sisters Danielle and Jodie Snyder. This collection, available exclusively at Dillard's stores and online, includes 75 styles of ladies' apparel, swimwear, footwear, jewelry, and girls' apparel. Emphasizing a summer-ready aesthetic, the collection offers items such as slip dresses, jeweled sandals, and crocheted swimwear. Alexandra Dillard Lucie, VP of Merchandising, praised the collection for its elevated summer vibe and appeal to both loyal and younger customers.

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Dillard’s announced a $0.25 cash dividend per share on both its Class A and Class B Common Stock.

The dividend is set for distribution on August 5, 2024, to shareholders of record by June 28, 2024.

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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.

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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.

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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.

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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.
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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.
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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.
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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.
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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.
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FAQ

What is Dillard's Inc. known for?

Dillard's Inc. is known for being one of the largest fashion apparel and home furnishings retailers in the United States.

How many stores does Dillard's operate?

Dillard's operates nearly 300 stores across 29 states.

What brands does Dillard's offer?

Dillard's offers a mix of national brands and exclusive merchandise, including Antonio Melani, Gianni Bini, Daniel Cremieux, and Roundtree & Yorke.

Does Dillard's operate in any other industries?

Yes, Dillard's also operates a general contracting construction company named CDI Contractors.

What are the main business segments of Dillard's?

Dillard's operates through two main business segments: Retail Operations and Construction.

Where is Dillard's Inc. based?

Dillard's Inc. is based in the United States.

What is the annual revenue of Dillard's Inc.?

Dillard's Inc. has annual revenues exceeding $6.1 billion.

What type of products does Dillard's sell?

Dillard's sells fashion apparel, cosmetics, and home furnishings.

Who constructs and remodels Dillard's stores?

CDI Contractors, a company owned by Dillard's, constructs and remodels their stores.

What is the customer care approach of Dillard's?

Dillard's focuses on providing exceptional customer care to enhance the shopping experience.

Dillard's, Inc.

NYSE:DDS

DDS Rankings

DDS Stock Data

6.49B
12.25M
31.73%
71.85%
5.71%
Department Stores (except Discount Department Stores)
Retail Trade
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United States of America
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