Dillard's slips after posting fall in Q4 net sales, profit

Dillard's

25/02/2025 14:48

Updates

** Shares of department store operator Dillard's DDS.N down as much as 1.5% at $472.73 in early trading

** Q4 net sales fall 5% to $2.02 billion

** Company says Q4 total retail sales, which exclude revenue from CDI contractors, its construction business, down ~5%, hurt by weaker-performing men's apparel, accessories and shoes categories

** Q4 EPS at $13.48 compared with $15.44 a year ago

** Retail gross margin for the quarter falls to 36.1% of sales, compared to 37.7% a year ago; says decrease driven by performance of home and furniture, ladies' apparel categories

** "We worked on controlling expenses but lost some steam in gross margin" - CEO William Dillard

** Shares rose 13.2% in 2024

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))