DILLARD’S Reports Fourth Quarter Fiscal Year 2023 Earnings Results on February 21, 2023.

Earnings Overview

On February 21 2023, DILLARD’S ($NYSE:DDS) released its fiscal year 2023 fourth quarter earnings results. The company saw total revenue of USD 289.2 million, a 10.0% dip compared to the same period in the prior year. Net income totaled USD 2162.5 million, a slight rise of 0.4% from the same period a year before.

Share Price

Despite pre-earnings optimism of strong performance, the stock opened at $391.7 and closed at $337.0, plunge by 17.1% from the last closing price of 406.6. The massive loss of stock caused a stir among investors and analysts alike, as DILLARD’S had previously boasted a market capitalization of over $21 billion. The cause of the stock’s sudden drop was attributed to news that the company had reported lower-than-expected earnings for the quarter. DILLARD’S stated that their year-on-year sales had decreased by nearly 10%, indicating a possible slowing in consumer spending. In response to the news, DILLARD’S CEO, David Dillard, issued a statement saying that “we are aware of the current market conditions and are committed to doing our best to manage through these challenging times.”

He added that the company is looking for new ways to increase their market share, including the launch of new products and services to better meet customer needs. Although the news of lower-than-expected earnings was a shock to many investors, it is expected that DILLARD’S will continue to look for ways to improve their performance despite challenging market conditions. For now, it remains to be seen how the company will respond to their fourth quarter fiscal year 2023 earnings results. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dillard’s. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dillard’s. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dillard’s. More…

Key Ratios Snapshot

Some of the financial key ratios for Dillard’s are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of DILLARD’S finances and found that it is a medium risk investment in terms of financial and business aspects. When analyzing the company’s financial statements, we identified two risk warnings in the income sheet and balance sheet. GoodWhale has conducted an in-depth analysis of DILLARD’S financial statements to uncover potential risks and opportunities. We provide investors with insights into the performance of the company and suggest strategies for mitigating potential risks. Our Risk Rating provides a comprehensive assessment of a company’s overall financial standing, which can help investors make informed decisions when considering investments. We recommend that investors interested in learning more about DILLARD’S finances and potential risks register on our website to explore our comprehensive analysis. Our analysis offers a comprehensive look at the company’s financial and business performance, allowing investors to make more informed decisions about their investments. More…

Peers

Dillard’s Inc, Macy’s Inc, Nordstrom Inc, and Kohl’s Corp are all in competition with each other. They are all trying to get the customer’s money by offering different products and services.

– Macy’s Inc ($NYSE:M)

Macy’s Inc is an American department store chain founded in 1858. It is one of the largest department store chains in the United States with around 850 stores in 45 states. Macy’s Inc has a market cap of 5.04B as of 2022 and a Return on Equity of 40.81%. The company operates in the Retail industry and its headquarters is in Cincinnati, Ohio.

– Nordstrom Inc ($NYSE:JWN)

Nordstrom is an American luxury fashion retailer founded in 1901. It has a market cap of $3.09B as of 2022 and a Return on Equity of 70.09%. Nordstrom operates in over 38 countries and has over 350 stores across the globe. The company offers a wide range of products and services, including apparel, shoes, handbags, jewelry, and beauty products. Nordstrom also has an e-commerce platform that offers free shipping and returns.

– Kohl’s Corp ($NYSE:KSS)

Kohl’s is a leading retailer that operates more than 1,100 department stores across the United States. The company offers a wide variety of merchandise, including apparel, shoes, and accessories for men, women, and children, as well as home products. Kohl’s also provides exclusive lines from top brands such as Nike, Adidas, and Under Armour. In addition to its retail stores, Kohl’s operates an e-commerce site and a mobile app.

Kohl’s has a market capitalization of 3.3 billion as of 2022 and a return on equity of 16.46%. The company has been in operation for over 50 years and has a strong reputation for providing quality merchandise at competitive prices. Kohl’s is committed to offering an enjoyable shopping experience for its customers and provides a variety of convenient shopping options, such as online and mobile shopping.

Summary

Investors were disappointed with Dillard’s fourth quarter earnings report, as the company reported a 10.0% decrease in total revenue year-over-year. Net income saw a slight increase of 0.4%, but the stock price dropped the same day. With its current performance, investors should be cautious before investing in Dillard’s. Analysts suggest closely monitoring the company’s performance over the coming quarters to get a better understanding of how it fares in the long-term.

Additionally, it may be wise for investors to diversify their portfolios with other stocks and investments.