Overview
- Dillard’s reported fourth‑quarter net income of $203.7 million, or $13.05 per share, with adjusted earnings of $10.08 per share beating the $9.98 consensus from Zacks.
- Quarterly revenue came in at $1.962 billion, short of the roughly $2.02 billion expected by analysts; full‑year revenue was $6.47 billion with net income of $570.2 million, or $36.42 per share.
- Comparable‑store sales were flat for the fiscal year and fell 1% in the quarter, which the company said was affected by a January winter storm that disrupted sales in over a third of stores.
- Retail gross margin measured 40.8% for the year and 36.1% for the quarter, reflecting stable profitability despite a mixed sales backdrop.
- The company cited the largest dividend in its history, about $1.1 billion in cash and short‑term investments at year‑end, $107.8 million of share repurchases with $165.2 million authorization remaining, and a 160,000‑square‑foot store opening in Beavercreek, Ohio in March.