Dillard’s, Inc. reported a strong first quarter for the 13 weeks ended May 2, 2026, combining modest sales growth with a large one-time legal gain. Net income rose to $250.6 million, or $16.04 per share, from $163.8 million, or $10.39 per share, a year earlier.
Net sales increased to $1.568 billion from $1.529 billion, while total retail sales grew 3% and comparable-store sales also increased 3%. Consolidated gross margin improved to 44.5% of sales from 43.9%, and retail gross margin edged up to 45.8% from 45.5%.
Results included a pre-tax gain of $104.1 million (about $79.6 million after tax, or $5.10 per share) from a favorable settlement of a long-standing payment card interchange fee lawsuit, which significantly boosted profit. Operating expenses rose to $444.0 million, or 28.3% of sales, mainly from higher payroll costs.
Cash from operations increased to $364.0 million from $232.6 million, and cash and cash equivalents reached $1,157.7 million versus $900.5 million a year earlier. Dillard’s opened a new 160,000-square-foot store in Beavercreek, Ohio and now operates 272 stores plus its online business. The company also provided 2026 estimates for depreciation, rentals, net interest and capital expenditures.
Dillard’s, Inc. reported a strong first quarter for the 13 weeks ended May 2, 2026, combining modest sales growth with a large one-time legal gain. Net income rose to $250.6 million, or $16.04 per share, from $163.8 million, or $10.39 per share, a year earlier.
Net sales increased to $1.568 billion from $1.529 billion, while total retail sales grew 3% and comparable-store sales also increased 3%. Consolidated gross margin improved to 44.5% of sales from 43.9%, and retail gross margin edged up to 45.8% from 45.5%.
Results included a pre-tax gain of $104.1 million (about $79.6 million after tax, or $5.10 per share) from a favorable settlement of a long-standing payment card interchange fee lawsuit, which significantly boosted profit. Operating expenses rose to $444.0 million, or 28.3% of sales, mainly from higher payroll costs.
Cash from operations increased to $364.0 million from $232.6 million, and cash and cash equivalents reached $1,157.7 million versus $900.5 million a year earlier. Dillard’s opened a new 160,000-square-foot store in Beavercreek, Ohio and now operates 272 stores plus its online business. The company also provided 2026 estimates for depreciation, rentals, net interest and capital expenditures.
DILLARD'S, INC. executive vice president and director Drue Matheny reported an equity grant of 160 shares of Common Class A stock, labeled as a grant, award, or other acquisition, at $594.31 per share. Following this award, direct holdings in Common Class A total 401,268 shares, with an additional 35,539 shares held in a retirement plan.
The filing also lists indirect holdings of Common Class A shares, including 2,521 shares held as trustee of a GST trust and 7,300 shares owned by a spouse. These entries describe ownership structure rather than open-market buying or selling.
DILLARD'S, INC. executive vice president and director Drue Matheny reported an equity grant of 160 shares of Common Class A stock, labeled as a grant, award, or other acquisition, at $594.31 per share. Following this award, direct holdings in Common Class A total 401,268 shares, with an additional 35,539 shares held in a retirement plan.
The filing also lists indirect holdings of Common Class A shares, including 2,521 shares held as trustee of a GST trust and 7,300 shares owned by a spouse. These entries describe ownership structure rather than open-market buying or selling.
Worley Dean L. reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president and general counsel Dean L. Worley reported a stock-based award on Common Class A shares. On April 27, 2026, he received a grant of 77 Common Class A shares at $594.31 per share, increasing his direct Common Class A holdings to 6,478 shares. A separate line shows 3,562 Common Class A shares held in a retirement plan as a direct holding entry.
Worley Dean L. reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president and general counsel Dean L. Worley reported a stock-based award on Common Class A shares. On April 27, 2026, he received a grant of 77 Common Class A shares at $594.31 per share, increasing his direct Common Class A holdings to 6,478 shares. A separate line shows 3,562 Common Class A shares held in a retirement plan as a direct holding entry.
DILLARD'S, INC. senior vice president Phillip R. Watts reported a stock award of 83 shares of Common Class A on April 27, 2026, at a price of $594.31 per share. After this grant, he directly holds 9,104 Common Class A shares.
The filing also shows 10,378 Common Class A shares held in a retirement plan. The award is classified as a grant or other acquisition, indicating compensation-related stock rather than an open-market purchase.
DILLARD'S, INC. senior vice president Phillip R. Watts reported a stock award of 83 shares of Common Class A on April 27, 2026, at a price of $594.31 per share. After this grant, he directly holds 9,104 Common Class A shares.
The filing also shows 10,378 Common Class A shares held in a retirement plan. The award is classified as a grant or other acquisition, indicating compensation-related stock rather than an open-market purchase.
STOCKMAN JAMES D reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president James D. Stockman reported a compensation-related stock award. He received 26 shares of Common Class A stock at $594.31 per share, increasing his directly held Common Class A shares to 35,383. A separate holding entry shows 21,138 Common Class A shares in a retirement plan.
STOCKMAN JAMES D reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president James D. Stockman reported a compensation-related stock award. He received 26 shares of Common Class A stock at $594.31 per share, increasing his directly held Common Class A shares to 35,383. A separate holding entry shows 21,138 Common Class A shares in a retirement plan.
Mahaffy Denise Dillard reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. director and senior vice president Denise Dillard reported an equity award in the form of 86 shares of Common Class A stock at $594.31 per share. After this grant, she directly holds 163,701 Common Class A shares.
The filing also shows 60 Common Class A shares held directly in a retirement plan and 7,300 Common Class A shares held indirectly as trustee of a GST Trust, reflecting additional indirect ownership reported in this Form 4.
Mahaffy Denise Dillard reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. director and senior vice president Denise Dillard reported an equity award in the form of 86 shares of Common Class A stock at $594.31 per share. After this grant, she directly holds 163,701 Common Class A shares.
The filing also shows 60 Common Class A shares held directly in a retirement plan and 7,300 Common Class A shares held indirectly as trustee of a GST Trust, reflecting additional indirect ownership reported in this Form 4.
DILLARD'S, INC. vice president Lucie Denise Alexandra reported a compensation-related stock grant. She received 52 shares of Common Class A stock as a grant, award, or other acquisition at $594.31 per share, increasing her direct holdings to 37,101 shares. The filing also lists indirect holdings in trust accounts totaling 13,621 and 38,423 shares, plus 5,122 shares of Common Class A held through a retirement plan.
DILLARD'S, INC. vice president Lucie Denise Alexandra reported a compensation-related stock grant. She received 52 shares of Common Class A stock as a grant, award, or other acquisition at $594.31 per share, increasing her direct holdings to 37,101 shares. The filing also lists indirect holdings in trust accounts totaling 13,621 and 38,423 shares, plus 5,122 shares of Common Class A held through a retirement plan.
Jazic Annemarie reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president Annemarie Jazic received a stock award of 52 shares of Common Class A on April 27, 2026 at $594.31 per share. After this grant, she directly holds 38,124 Common Class A shares and 6,335 Common Class A shares in a retirement plan, with additional indirect holdings through trust and family accounts noted in the footnotes.
Jazic Annemarie reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. vice president Annemarie Jazic received a stock award of 52 shares of Common Class A on April 27, 2026 at $594.31 per share. After this grant, she directly holds 38,124 Common Class A shares and 6,335 Common Class A shares in a retirement plan, with additional indirect holdings through trust and family accounts noted in the footnotes.
Johnson Chris B. reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. senior vice president Chris B. Johnson reported a compensation-related stock grant. On the reported date, he received 84 shares of Common Class A stock at $594.31 per share as a grant or award, bringing his directly held Common Class A shares to 9,565. A separate line reflects 9,351 Common Class A shares held in a retirement plan, reported as a holding entry.
Johnson Chris B. reported acquisition or exercise transactions in this Form 4 filing.
DILLARD'S, INC. senior vice president Chris B. Johnson reported a compensation-related stock grant. On the reported date, he received 84 shares of Common Class A stock at $594.31 per share as a grant or award, bringing his directly held Common Class A shares to 9,565. A separate line reflects 9,351 Common Class A shares held in a retirement plan, reported as a holding entry.
DILLARD'S, INC. director and CEO William T. Dillard II reported a compensation-related acquisition of Common Class A shares. He received a grant of 495 Common Class A shares at a reference price of $594.31 per share and now holds 897,806 Common Class A shares directly. The filing also lists additional indirect holdings of 7,300 and 41,496 Common Class A shares. A related entity, W.D. Company, Inc., holds 3,985,776 shares of Class B Common Stock that are convertible into Class A Common Stock on a one-for-one basis.
DILLARD'S, INC. director and CEO William T. Dillard II reported a compensation-related acquisition of Common Class A shares. He received a grant of 495 Common Class A shares at a reference price of $594.31 per share and now holds 897,806 Common Class A shares directly. The filing also lists additional indirect holdings of 7,300 and 41,496 Common Class A shares. A related entity, W.D. Company, Inc., holds 3,985,776 shares of Class B Common Stock that are convertible into Class A Common Stock on a one-for-one basis.