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Exhibit 99 Dillard's , Inc. Reports Second Quarter Results LITTLE ROCK , Ark .-- ( BUSINESS WIRE ) -- August 12 , 2021 -- Dillard's , Inc. ( NYSE : DDS ) ( the “ Company ” or “ Dillard's " ) announced operating results for the 13 and 26 weeks ended July 31 , 2021. This release contains certain forward- looking statements . Please refer to the Company's cautionary statements included below under “ Forward - Looking Information . " Dillard's Chief Executive Officer William T. Dillard , II stated , " The strong consumer demand we saw in the first quarter continued throughout the second quarter . This momentum , combined with our continuing focus on inventory and expense control , produced a sequential record performance . We ended the quarter with $ 670 million in cash even after repurchasing $ 112 million of stock . " Due to the significant impact of COVID - 19 on prior year figures , this release will include certain comparisons to 2019 to provide additional context . Selected Financial Metrics of the Second Quarter ( Compared to the Prior Year Second Quarter ) • Total retail sales increased 72 % • Net income of $ 185.7 million compared to a net loss of $ 8.6 million • Net income of $ 8.81 per share compared to a net loss of $ 0.37 per share • Retail gross margin of 41.7 % compared to 31.1 % • • • • • Inventory decreased approximately 13 % Operating expenses were $ 365.9 million ( 23.3 % of sales ) compared to $ 267.1 million ( 29.1 % of sales ) Share repurchases of $ 112.2 million during the quarter Cash flow provided by operations of $ 492.4 million compared to $ 294.5 million of cash used in operations ( 26 weeks ) Ending cash of $ 669.5 million compared to $ 82.9 million with no short - term borrowings compared to $ 229.6 million Second Quarter Results Dillard's reported net income for the 13 weeks ended July 31 , 2021 of $ 185.7 million , or $ 8.81 per share , compared to a net loss of $ 8.6 million , or $ 0.37 per share , for the prior year second quarter . Included in net loss for the prior year second quarter is a net tax benefit of $ 17.4 million ( $ 0.75 per share ) related to the Coronavirus Aid , Relief and Economic Security Act ( " CARES Act " ) . Sales - Second Quarter Net sales for the 13 weeks ended July 31 , 2021 and the 13 weeks ended August 1 , 2020 were $ 1,570.4 million and $ 919.0 million , respectively . Net sales includes the operations of the Company's construction business , CDI Contractors , LLC ( " CDI " ) .