Quarterly ResultMay 14, 2026, 06:51 AM
Dillard's Q1 Net Income $250.6M, EPS $16.04; Sales +3%
AI Summary
Dillard's, Inc. reported strong first-quarter 2026 operating results, with net income significantly increasing to $250.6 million, or $16.04 per share, compared to $163.8 million, or $10.39 per share, in the prior year. This quarter's net income included a substantial pre-tax gain of $104.1 million from a favorable litigation settlement. The company achieved a 3% increase in total retail sales to $1.518 billion and a 3% rise in comparable store sales, alongside an improved retail gross margin of 45.8%. Dillard's also opened a new 160,000 square foot store during the quarter.
Key Highlights
- Net income increased to $250.6 million from $163.8 million in the prior year first quarter.
- Earnings per share rose to $16.04 compared to $10.39 in the prior year.
- Total retail sales increased 3% to $1.518 billion.
- Comparable store sales also increased 3% for the quarter.
- Retail gross margin improved to 45.8% of sales from 45.5% in the prior year.
- A pre-tax gain of $104.1 million from a litigation settlement was included in net income.
- Operating expenses were $444.0 million, or 28.3% of sales.
- Ending inventory increased 3% compared to the prior year first quarter.