Dillard's Q2 revenue slightly misses estimates

Dillard's

13/08/2026 11:59

Overview
U.S. department store's Q2 revenue slightly missed analyst expectations, adjusted EPS beat consensus
Retail gross margin rose to 40.9%, boosted by $37.2 mln in tariff rebates
Operating expenses increased due to higher payroll and payroll-related expenses

Outlook
Dillard's estimates 2026 depreciation and amortization at $175 mln
Company expects 2026 capital expenditures of $120 mln
Dillard's does not expect further significant IEEPA tariff refunds

Result Drivers
TARIFF REFUNDS - Retail gross margin benefited from $37.2 mln in IEEPA tariff refunds, per company
CATEGORY PERFORMANCE - Sales increased significantly in ladies’ accessories and lingerie, moderately in home and furniture, slightly in shoes, men’s apparel and accessories and cosmetics; sales decreased moderately in juniors’ and children’s apparel and ladies’ apparel
HIGHER PAYROLL COSTS - Operating expenses rose primarily due to higher payroll and payroll-related expenses

Company press release: ID:nGNX6l1mgR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$1.51 bln
$1.52 bln (3 Analysts)
Q2 Net Income
Beat
$97.70 mln
$64.71 mln (2 Analysts)
Q2 Retail Gross Margin
 
40.90%
 
Q2 Basic EPS
Beat
$6.25
$4.29 (3 Analysts)
Q2 Operating Expenses
 
$443.60 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the department stores peer group is "buy."
Wall Street's median 12-month price target for Dillard's Inc is $557.50, about 12.3% below its August 12 closing price of $636.02
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 13 - Wolverine World Wide Q2 profit beats estimates, tariffs weigh on margins
Aug 12 - Crown Crafts Q1 returns to profit on tariff refunds
Aug 13 - Tapestry forecasts strong annual profit as Coach draws young shoppers

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)