Dillard's reported a decrease in net income and total retail sales for the first quarter of fiscal year 2025 compared to the same period last year. Despite a challenging economic environment, the company maintained control over expenses and achieved a healthy gross margin. They also repurchased $98 million in stock and ended the quarter with $1.2 billion in cash and short-term investments.
Dillard's reported a record third quarter with net income of $197.3 million, or $9.81 per share. Comparable retail sales increased 48%. The company ended the quarter with a strong cash position of $620 million after repurchasing $239 million of stock.
Dillard's reported a strong second quarter with a significant increase in net income, driven by strong consumer demand and effective inventory and expense management. The company ended the quarter with a substantial cash balance after repurchasing a significant amount of stock.
Dillard's reported a strong first quarter with a significant increase in net income and earnings per share compared to the prior year. The company saw a 73% increase in total retail sales and an improvement in retail gross margin. Strong cash flow allowed for share repurchases while maintaining a substantial cash balance.
Dillard's reported a significant increase in net income for the third quarter compared to the prior year, driven by improved gross margin and reduced expenses. However, comparable store sales decreased, reflecting the ongoing impact of the COVID-19 pandemic.