Dillard's, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
November 09, 2023 at 09:39 pm
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Dillard's, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 1,476.4 million compared to USD 1,544.1 million a year ago. Revenue was USD 1,504.2 million compared to USD 1,573.1 million a year ago. Net income was USD 155.3 million compared to USD 187.9 million a year ago. Basic earnings per share from continuing operations was USD 9.49 compared to USD 10.96 a year ago.
For the nine months, sales was USD 4,627.7 million compared to USD 4,744.4 million a year ago. Revenue was USD 4,715.6 million compared to USD 4,833.7 million a year ago. Net income was USD 488.3 million compared to USD 602.5 million a year ago. Basic earnings per share from continuing operations was USD 29.38 compared to USD 34.05 a year ago.
Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company operates through two segments: the operation of retail department stores and a general contracting construction company. It operates over 273 Dillardâs stores, including 28 clearance centers, and an Internet store at dillards.com offering a selection of merchandise, including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC (CDI), a portion of whose business includes constructing and remodeling stores for the Company. Its merchandise selections include its lines of branded merchandise, such as Antonio Melani, Gianni Bini, GB, Roundtree & Yorke and Daniel Cremieux. Its retail stores are located primarily in shopping malls and open-air centers throughout the Southwest, Southeast and Midwest regions of the United States.