Dillard’s topped a Wall Street second-quarter earnings estimate behind an overall comparable sales increase despite softness in home-related categories.
For the second quarter, net income was $72.8 million, or $4.66 per diluted share, versus $74.5 million, or $4.59 per diluted share, in the year-earlier period.
A Zacks Investment Research analyst consensus estimate forecast diluted earnings per share of $3.79 per share and net revenue of $1.51 billion.
Dillard’s comparable sales increased 1% year over year in the quarter, the company stated. Total retail sales increased to $1.45 billion from $1.43 billion in the year-previous period. Net sales, including income from the company’s CDI construction business, were $1.51 billion versus $1.49 billion in the quarter a year before, Dillard’s maintained.
Stronger performing merchandise categories in the quarter included juniors and children’s apparel, and ladies’ accessories and lingerie, while home and furniture lagged, the company reported.
Included in net income for the 2025 second quarter was an after-tax gain of $3.7 million, or 24 cents per share, primarily related to the sale of three properties, Dillard’s noted.
Dillard’s CEO William Dillard II said, “We were happy to achieve a sales increase for the first time in a while and encouraged by strengthening sales trends in July. In an operating environment that changes daily, we focused on controlling inventory, ending up 2% compared to 6% at the end of first quarter.”
