Dillard's, Inc. reported a net income of $570.2 million for the fiscal year ending January 31, 2026, translating to earnings of $36.42 per share. This represents a decrease from the previous year's net income of $593.5 million, or $36.82 per share. Total retail sales for the year were $6.232 billion, slightly up from $6.219 billion in fiscal 2024, with comparable store sales remaining unchanged. The company's gross margin for retail operations was 40.8%, down from 41.0% in the prior year, while consolidated gross margin remained stable at 39.5%.
In terms of operational changes, Dillard's has made strategic adjustments, including a transition to a new private label credit card program with Citibank, which began in August 2024. This new partnership is expected to enhance customer engagement and financial performance, although income from the previous Wells Fargo Alliance decreased significantly in fiscal 2025. The company also reported a pretax gain of $20.4 million from the sale of five properties, contributing to its overall financial results.
Dillard's continues to operate 271 stores across 30 states, with a workforce of approximately 29,100 associates. The company has focused on maintaining a competitive edge in the retail market, which is characterized by intense competition from various sectors, including online retailers. The number of sales transactions decreased by 4% in fiscal 2025, while the average transaction value increased by 4%. The company’s inventory levels rose by 2% compared to the previous year, indicating a cautious approach to stock management amid fluctuating consumer demand.
Looking ahead, Dillard's anticipates ongoing challenges related to inflation, changing consumer preferences, and market conditions. The company has emphasized its commitment to shareholder returns, having paid $484.9 million in dividends during the fiscal year, including a record special dividend. With approximately $1.1 billion in cash and cash equivalents at year-end, Dillard's is positioned to navigate potential economic uncertainties while continuing to invest in its operations and strategic initiatives.
About DILLARD'S, INC.
Dillard’s, Inc. is a leading American department store retailer offering fashion apparel, cosmetics, and home furnishings through its stores and online platform. It operates private label brands, exclusive merchandise, and a private label credit card program. Serving customers primarily in the U.S. South, Midwest, and Southeast, the company emphasizes quality, customer service, and strategic store locations to maintain competitive advantage in a highly competitive retail environment.
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