Dillard’s Q4 EPS Beats by 23%, Revenue Falls to $1.96B
Dillard’s Q4 EPS of $13.05 beat forecasts by $2.44 while quarterly revenue fell 2.7% to $1.96B, missing consensus by $70M and triggering a 7% share drop. Comparable store sales declined 1% year-on-year after winter storm disruptions, gross margin rose to 35.4% and inventories totaled $1.20B at quarter-end.
1. Fourth-Quarter Earnings and Revenue
The company reported adjusted Q4 EPS of $13.05, surpassing the consensus by $2.44, while revenue declined 2.7% year-over-year to $1.96 billion, missing the Street estimate.
2. Retail Sales Trends
Total retail sales fell 1% to $1.92 billion and comparable-store sales dropped 1%, with ladies’ apparel, cosmetics, men’s wear, juniors and home furnishings posting moderate declines, even as accessories and lingerie saw modest gains.
3. Margin Improvement and Inventory Levels
Gross margin increased to 35.4% from 34.9%, retail margin held at 36.1%, cash and equivalents stood at $861.5 million, and merchandise inventories rose to $1.20 billion at quarter-end.
4. Fiscal 2026 Outlook
Dillard’s forecasts depreciation and amortization around $175 million, rental expenses near $18 million and capex rising to roughly $130 million, compared with $93 million in the prior year.