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Oct 30, 2021
Dillard's Q3 2021 Earnings Report
Reported record third quarter with strong sales, record gross margin, and expense control.
Key Takeaways
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.
Net income was $197.3 million, or $9.81 per share, compared to $31.9 million, or $1.43 per share, in the prior year third quarter.
Comparable retail sales increased 48%.
Retail gross margin improved to 46.7% compared to 36.6% in the prior year third quarter.
The company repurchased $239.2 million of stock (approximately 1.2 million shares).
Dillard's
Dillard's
Forward Guidance
The Company is providing estimates for certain financial statement items for the fiscal year ending January 29, 2022 based upon current conditions.