Dillards sees sales, profits dip in Q1
by May 15, 2025 7:40 am 551 views
Dillard’s, Inc. reported lower first quarter sales and profits in its first quarter amidst “economic uncertainty,” according to its CEO. The Little Rock-based mall retailer released its operating results for the quarter ending May 3, 2025, on Thursday (May 15).
Net sales for Dillard’s were $1.529 billion, down from $1.549 billion one year ago. Net sales includes the operations of the company’s construction business, CDI Contractors.
Net income for the quarter dipped to $163.8 million, or $10.39 per share, versus $180 million, or $11.09 per share, in the previous year’s first quarter.
Consensus estimates from analysts expected Dillard’s to report revenues of around $1.54 billion and earrings of $9.10 per share.
Other quarterly metrics included:
- Total retail sales decreased 2%;
- Comparable store sales decreased 1%; and
- Retail gross margin of 45.5% of sales compared to 46.2% of sales a year ago.
During the quarter, Dillard’s also purchased $98 million, approximately 276,000 shares, of Class A common stock.
“We turned in a relatively good first quarter in light of the prevailing economic uncertainty. We kept expenses under control and reported a healthy gross margin. After repurchasing $98 million in stock, we had $1.2 billion in cash and short-term investments remaining,” said Dillard’s CEO William T. Dillard II.
Dillard’s stock (NYSE: DDS) was trading lower in pre-market activity around $385 per share. The company’s share price has hovered between a low of $282.24 and a high of $510 over the past 52 weeks.