Dillards sees Q2 net income improve - Talk Business & Politics
Quarterly sales declined ever so slightly for Little Rock-based retailer Dillards, but profits improved solidly during the second quarter. On Thursday (Aug. 13) Dillards reported net sales of $1. 508 billion. . .
Quarterly sales declined ever so slightly for Little Rock-based retailer Dillards, but profits improved solidly during the second quarter. On Thursday (Aug. 13) Dillards reported net sales of $1. 508 billion during the second quarter, down from $1. 514 billion a year ago. Net income for the 13 weeks ended Aug. 1, 2026 were $97. 7 million, or $6. 25 per share, compared to $72. 8 million, or $4. 66 per share, a year ago. That net income figure included a $28. 4 million after tax adjustment in refunds of International Emergency Economic Powers Act (IEEPA) tariffs. It also included a pretax gain of $4. 8 million primarily related to the sale of three properties. Total retail sales increased 1% for the 13 weeks ended Aug. 1, 2026 compared to the 13 weeks ended Aug. 2, 2025. Same store sales for the same period also increased 1%. During the second quarter, sales increased significantly in ladies’ accessories and lingerie and moderately in home and furniture. Slight sales increases were noted in shoes, men’s apparel and accessories and cosmetics. Sales decreased moderately in juniors’ and children’s apparel and ladies’ apparel, the retailer said. “Our 1% sales increase points to a somewhat resilient consumer,” said Dillard’s Chief Executive Officer William T. Dillard, II. “Retail gross margin of 40. 9%, boosted by tariff rebates, helped grow cash flow and the bottom line. We ended the quarter with over $1. 2 billion in cash and short-term investments after paying off $96 million in debt. ”Other key metrics for the quarter included:Retail gross margin of 40. 9% of sales compared to 38. 1% of sales;Operating expenses were $443. 6 million (29. 4% of sales) compared to $434. 2 million (28. 7% of sales); andEnding inventory increased 5%Dillards shares (NYSE: DDS) were trading lower this morning around $605 per share. The company’s stock has traded as low as $487. 74 and as high as $741. 98 over the last 52 weeks. Related