Welcome to our dedicated page for Dillards news (Ticker: DDS), a resource for investors and traders seeking the latest updates and insights on Dillards stock.
Dillard's Inc (NYSE: DDS) operates as a leading American department store chain specializing in fashion apparel, home furnishings, and cosmetics, supported by its construction subsidiary CDI Contractors. This page serves as the definitive source for all official company announcements and market-related developments.
Investors and industry observers will find curated updates including quarterly earnings reports, strategic partnerships, store expansion plans, and leadership changes. Our news collection prioritizes operational milestones that demonstrate Dillard's dual focus on retail excellence and integrated construction capabilities.
Key coverage areas include retail performance metrics, exclusive brand launches, facility upgrades through CDI Contractors, and consumer trend analyses relevant to department store operations. All content is verified through primary sources to ensure accuracy across financial disclosures and corporate announcements.
Bookmark this page for streamlined access to Dillard's evolving market position. Regular updates provide insights into how the company maintains its competitive edge through merchandise curation and controlled store environments.
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.
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.
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.
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