From GlobeNewswire: 2025-02-25 06:50:00

Dillard’s reported a decrease in total retail sales and comparable store sales in the fourth quarter of fiscal 2024, with net income of $214.4 million, down from $250.5 million in the prior year. Operating expenses were $452.0 million, with an increase in inventory by 7% compared to the previous year.

For the fiscal year, Dillard’s saw a 2% decrease in total retail sales, with net income at $593.5 million compared to $738.8 million in the prior year. Retail gross margin was 41.0% of sales, down from 41.8% in the previous year, with operating expenses totaling $1,731.2 million.

Dillard’s estimates for 2025 include depreciation and amortization of $180 million, rentals of $20 million, interest and debt expenses of ($8) million, and capital expenditures of $120 million. The company’s forward-looking statements caution that actual results may differ due to various factors and risks, including economic conditions and changes in consumer spending patterns.

The Company operates 272 Dillard’s stores across 30 states, with an Internet store at dillards.com. Dillard’s purchased $14.0 million of Class A Common Stock during the fourth quarter of fiscal 2024. Total shares outstanding at February 1, 2025, were 15.9 million, down from 16.2 million in the previous year.



Read more at GlobeNewswire:: Dillard’s, Inc. Reports Fourth Quarter and Fiscal Year