DILLARD’S Reports Strong Q2 Earnings for FY2024
August 26, 2023
☀️Earnings Overview
On August 10 2023, DILLARD’S ($NYSE:DDS) reported their earnings results for the second quarter of FY2024, ended on July 31 2023. Total revenue for the quarter was USD 1597.4 million, a decline of 1.3% year-on-year. Net income for the quarter was USD 131.5 million, a decrease of 19.5% compared to the same quarter of the previous year.
Share Price
Thursday was a great day for DILLARD’S, as the retailer reported strong earnings for its second quarter of FY2024. Shares of DILLARD’S opened at $343.0 and closed at $369.8, a rise of 10.0% from the prior closing price of 336.2. This jump in share price is indicative of the solid financial health of the company and reinforces its position as one of the leading retailers in the nation. DILLARD’S reported strong increases in revenue, driven by increased sales and improved efficiency.
Additionally, the company reported increases in gross profits as a result of cost-saving measures implemented throughout the quarter. These measures have helped to reduce operating expenses, improve margins, and increase profitability. Overall, DILLARD’S has continued to show strong performance in spite of the current economic climate. Investors have taken note, driving up the stock price and increasing the company’s market capitalization. With continued success, DILLARD’S will remain a leader in the retail industry for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dillard’s. More…
| Total Revenues | Net Income | Net Margin |
| 6.95k | 810.1 | 11.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dillard’s. More…
| Operations | Investing | Financing |
| 1.07k | -222.77 | -563 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dillard’s. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.51k | 1.8k | 102.11 |
Key Ratios Snapshot
Some of the financial key ratios for Dillard’s are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 10.5% | 88.8% | 14.9% |
| FCF Margin | ROE | ROA |
| 13.6% | 38.4% | 18.4% |
Analysis
At GoodWhale, we conducted an analysis of DILLARD’S health. Our Star Chart gave DILLARD’S a very high health score of 10/10, indicating that the company is in a strong financial position and could sustain operations even during times of crisis. An analysis of DILLARD’S asset, dividend, and profitability metrics show that the company is in a strong position, though its growth is a bit weak. Based on this analysis, we’ve classified DILLARD’S as a ‘cow’, which indicates that they have a track record of paying out consistent and sustainable dividends. We anticipate that this type of company would be of interest to investors seeking steady and reliable returns, or those looking for stable income investments in the long term. 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 are generally pleased with Dillard’s latest quarterly earnings report, despite the slight decrease in revenue compared to the same period last year. Net income for the quarter fell by 19.5%, but the stock price moved up on the same day, indicating that investors are optimistic about the company’s prospects. Dillard’s performance could be attributed to their strong focus on providing excellent customer service and a broad range of products.
Going forward, investors will be closely monitoring the company’s progress in mitigating costs and increasing profits. With a solid financial performance, Dillard’s is well-positioned for future growth.
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