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Dillard’s, Inc. publishes news on department-store retail results, merchandising initiatives and shareholder capital actions. The company sells fashion apparel, cosmetics, accessories, home furnishings and related consumer goods through Dillard’s stores, clearance centers and an online store, with retail operations as its primary segment and a construction business also included in reported sales.
Recurring updates include quarterly and fiscal-year sales, comparable-store trends, retail gross margin, operating expenses, inventory and cash dividends on Class A and Class B common stock. Product announcements often feature exclusive fashion collaborations and private-label brands such as Gianni Bini and Antonio Melani.
Dillard’s, Inc. (DDS) announced a new share repurchase program, allowing the buyback of up to $500 million of its Class A Common Stock. This program is open-ended and includes repurchases in the open market or through privately negotiated transactions. As of May 1, 2021, $114.3 million remains from the previous repurchase plan initiated in March 2018. Additionally, the Board declared a cash dividend of $0.15 per share, payable August 2, 2021, marking the Company's 209th consecutive quarterly dividend since its public listing in 1969.
Dillard's, Inc. (NYSE: DDS) reported strong operating results for the 13 weeks ending May 1, 2021, achieving a net income of $158.2 million or $7.25 per share, a significant recovery from a net loss of $162 million in the prior year. Total retail sales surged 73% to $1.3 billion, although down 9% compared to 2019 levels. Gross margin improved to 42.7% as a result of better inventory management and strong demand. The company also repurchased $58.8 million in shares, ending the quarter with $616 million in cash.
Dillard’s, Inc. (DDS: NYSE) is set to announce its financial results for the 13 weeks ending on May 1, 2021, on May 13, 2021, after the close of the New York Stock Exchange. Investors and analysts can expect insights into the company's performance during this period, which will be crucial for evaluating its market position and future strategies. This announcement is anticipated by stakeholders keen on understanding Dillard’s financial health and operational efficiency.
Dillard’s has announced the launch of a new limited-edition capsule collection, Kimberly Whitman for Antonio Melani, created in collaboration with lifestyle expert Kimberly Whitman. This vibrant collection features feminine prints and classic dresses suitable for various occasions. Whitman expressed excitement for the launch, emphasizing the collection's playful yet strong designs. The collaboration aims to attract new clients and strengthen brand loyalty as part of Dillard's strategy to enhance brand awareness through partnerships with influential figures. The collection is available online and in select stores.
Dillard’s, Inc. (DDS: NYSE) announced the amendment and extension of its $800 million senior secured revolving credit facility to meet its liquidity needs. The new maturity date is set for April 28, 2026, with a $200 million expansion option still available. This credit facility will support general corporate purposes such as working capital financing, capital expenditures, and share repurchases, among others. The amendment includes no financial covenant requirements as long as availability exceeds $80 million. JPMorgan Chase Bank arranged the credit facility.
Dillard’s, Inc. (NYSE: DDS) has declared a cash dividend of $0.15 per share on its Class A and Class B Common Stock. This dividend will be payable on May 3, 2021 to shareholders on record as of March 31, 2021. This decision reflects the company's ongoing commitment to return value to its shareholders.
Dillard’s (NYSE: DDS) has announced the launch of the limited-edition capsule collection, Born on Fifth for Antonio Melani, in collaboration with fashion influencer Emily Hertz. The collection, inspired by Hertz's aesthetic, features feminine prints and muted pastel tones, perfect for spring. Dillard's VP of Merchandising, Alexandra Dillard Lucie, expressed excitement over the positive response and highlighted the goal of providing fresh fashion options. The collection will be available for pre-order and in select stores, marking the first of three influencer partnerships planned for 2021.
Dillard's, Inc. (DDS) reported operating results for the 13 and 52 weeks ended January 30, 2021. For the fiscal year, net income reached $220 million, with diluted earnings per share (EPS) at $9.36, showcasing a significant increase compared to the previous year. Total revenues were $6.21 billion, a 5% increase year-over-year. Dillard's highlighted improved sales across various categories, particularly in the home and apparel sectors. The Company maintains a positive outlook, anticipating continued growth and expansion in the upcoming fiscal period.
Dillard’s, Inc. (DDS: NYSE) will release its financial results for the 13 and 52 weeks ended January 30, 2021, today following the close of the New York Stock Exchange. This announcement is anticipated by investors as it may provide insights into the company's performance during this period, reflecting crucial metrics such as revenue, earnings per share (EPS), and future guidance.
Dillard's, Inc. (NYSE: DDS) collaborates with designers Michael and Alex Toccin to launch LDT, a new fashion brand inspired by their daughter, Liv Dakota Toccin. LDT presents a modern approach to women's fashion, offering stylish, easy-to-wear outfits influenced by the feminine styles of the '60s and '90s. The collection features vibrant colors and unique designs intended for daily wear. LDT will debut on February 8, 2021, in 85 Dillard's stores and online, aiming to provide women with confidence and comfort in their attire.