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May 01, 2021
Dillard's Q1 2021 Earnings Report
Reported record performances in gross margin and earnings per share, driven by increased sales due to vaccinations, stimulus money, and warmer weather.
Key Takeaways
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.
Net income was $158.2 million, or $7.25 per share, compared to a net loss of $162.0 million, or $6.94 per share, for the prior year first quarter.
Total retail sales increased 73% compared to the prior year first quarter.
Retail gross margin improved significantly to 42.7% compared to 12.8% for the prior year first quarter.
The company purchased $58.8 million of Class A Common Stock under its share repurchase program.
Revenue by Segment
Forward Guidance
The Company is providing estimates for certain financial statement items for the fiscal year ending January 29, 2022, based upon current conditions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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