Logo

DDS

Dillard's, Inc.

DDS

Dillard's, Inc. • NYSE
$670.06 ▼ -0.20% (-1.33)
Market Cap $10.46 B
52w High $737.73
52w Low $282.24
Dividend Yield 1.05%
P/E 18.21
Volume 80.57K
Outstanding Shares 15.61M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.491B ▼ $444.8M ▲ $129.8M ▲ 8.706% ▲ $8.31 ▲ $213.3M ▲
Q2-2025 $1.536B ▼ $438.7M ▼ $72.9M ▼ 4.746% ▼ $4.66 ▼ $139.3M ▼
Q1-2025 $1.547B ▼ $470.771M ▼ $163.8M ▼ 10.588% ▲ $10.39 ▼ $263.362M ▼
Q4-2024 $2.052B ▲ $499.88M ▲ $214.359M ▲ 10.448% ▲ $13.48 ▲ $310.774M ▲
Q3-2024 $1.451B $467.832M $124.6M 8.586% $7.74 $208.445M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.334B ▲ $4.298B ▲ $2.253B ▲ $2.045B ▲
Q2-2025 $1.212B ▲ $3.684B ▼ $1.765B ▼ $1.919B ▲
Q1-2025 $1.159B ▲ $3.907B ▲ $2.049B ▲ $1.858B ▲
Q4-2024 $1.044B ▼ $3.531B ▼ $1.735B ▼ $1.796B ▼
Q3-2024 $1.109B $4.133B $2.17B $1.963B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $129.8M ▲ $183.107M ▲ $-45.346M ▼ $-618K ▲ $137.189M ▲ $152.834M ▲
Q2-2025 $72.835M ▼ $86.761M ▼ $38.468M ▼ $-13.722M ▲ $111.507M ▼ $60.087M ▼
Q1-2025 $163.817M ▼ $232.632M ▼ $55.278M ▲ $-105.26M ▲ $182.65M ▲ $215.779M ▼
Q4-2024 $214.359M ▲ $364.693M ▲ $-209.569M ▼ $-417.662M ▼ $-262.538M ▼ $349.288M ▲
Q3-2024 $124.596M $173.477M $-30.759M $-109.054M $33.664M $145.416M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Construction
Construction
 $70.00M ▲$70.00M ▲$70.00M ▲$130.00M ▲
Retail Operations
Retail Operations
 $1.36Bn ▲$2.05Bn ▲$1.47Bn ▼$60.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Dillard’s income statement shows a retailer that is very profitable but no longer in the explosive recovery phase it enjoyed right after the pandemic. Sales jumped sharply when stores reopened, then have flattened out and drifted slightly lower more recently. Profit margins, which were exceptionally strong for a few years, have eased but still look healthy for a department store. The business moved from a loss during the pandemic to solid and consistent earnings afterward, helped by tight control of inventory and limited discounting. The recent trend suggests normalization from peak conditions rather than a collapse, but it also shows that growth is not the main story here; it’s more about maintaining strong profitability on a fairly stable revenue base.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steady. Total assets have inched up over time, cash levels are meaningfully higher than they were several years ago, and debt has stayed fairly modest and flat. Shareholders’ equity has grown, which points to value being built rather than eroded. Overall, Dillard’s appears to be run with financial restraint, relying on a solid cushion of cash and avoiding heavy borrowing. This leaves the company better positioned to handle retail downturns or invest when opportunities arise, though it also suggests management is not chasing aggressive expansion.

Cash Flow

Cash Flow Cash flow is a key strength. Operating cash flow has been strong for several years running, particularly in the immediate post‑pandemic rebound, and while it has come off its highs, it remains solid. After relatively modest spending on new stores and remodels, free cash flow is comfortably positive, meaning the business generates more cash than it needs just to maintain its assets. That gives management flexibility for things like paying down debt, returning cash to shareholders, or selectively upgrading the store base and technology. The flip side is that consistently low investment spending can raise questions about how fast the company is refreshing its footprint and capabilities versus newer retail formats.

Competitive Edge

Competitive Edge Within a troubled department store sector, Dillard’s occupies a relatively strong but narrow niche. The chain focuses on a more upscale, curated assortment than mid-tier rivals, leaning heavily on exclusive private-label brands that shoppers cannot find elsewhere. Its stores are known for being clean, orderly, and reasonably well staffed, which stands out in a category where many competitors have allowed the in‑store experience to deteriorate. Long-standing, reliable relationships with vendors and family control of the company reinforce a disciplined, margin-focused culture. However, the broader backdrop is still challenging: consumers continue to shift spending online and to off-price or specialty retailers, and Dillard’s geographic exposure is concentrated in certain regions. The company’s advantage is more about superior execution and discipline than about being in a structurally fast-growing segment.

Innovation and R&D

Innovation and R&D For a department store, Dillard’s has leaned surprisingly hard into behind-the-scenes technology and process innovation rather than flashy consumer tech. Its biggest edge is in inventory management, using tools like RFID and data analytics to keep stock lean, reduce markdowns, and improve availability. The company has built a decent omnichannel offering, including buy-online-pick-up-in-store and an upgraded website, and it experiments with curated concepts such as “The Coterie Shop” for more fashion-forward customers. Partnerships with influencers and designers aim to refresh its image with younger shoppers, while a new credit card partnership may deepen customer loyalty and data insights. That said, Dillard’s does not appear to be a radical innovator; it tends to move carefully and quietly, which limits execution risk but could also mean slower adaptation if online-first competitors or new retail models accelerate their gains.

Summary

Overall, Dillard’s looks like a financially disciplined, strongly profitable retailer operating in a structurally tough but not hopeless corner of the consumer landscape. The company has shifted from post‑pandemic surge to a more mature phase where the focus is on preserving margins and cash flow rather than chasing aggressive sales growth. Its conservative balance sheet, strong cash generation, and tight inventory control create a cushion against economic downturns and sector volatility. At the same time, the core department store model faces ongoing pressure from e-commerce, changing shopping habits, and intense price competition. The key questions going forward are whether Dillard’s can keep refreshing its brand and store experience, deepen its digital and omnichannel capabilities, and maintain its pricing power and exclusivity, all while navigating a slow‑growth environment for traditional brick‑and‑mortar retail.

NEWS

November 20, 2025 · 4:15 PM UTC

Dillard's, Inc. Announces Special Dividend of $30.00 Per Share and Quarterly Cash Dividend of $0.30 per Share

Read more

November 14, 2025 · 8:00 AM UTC

Dillard's Introduces Sydney Silverman x Gianni Bini

Read more

November 13, 2025 · 6:50 AM UTC

Dillard's, Inc. Reports Third Quarter and Year-to-Date Results

Read more

November 12, 2025 · 4:15 PM UTC

Dillard's, Inc. to Report Third Quarter and Year-to-Date Results

Read more

October 21, 2025 · 8:00 AM UTC

Dillard's Offers Exclusive Southern Living Christmas Cookbook to Benefit Select Ronald McDonald House Charities Chapters in the U.S.

Read more