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Exhibit 99 Dillard's , Inc. Reports Third Quarter Results LITTLE ROCK , Ark .-- ( BUSINESS WIRE ) -- November 11 , 2021 -- Dillard's , Inc. ( NYSE : DDS ) ( the " Company " or " Dillard's " ) announced operating results for the 13 and 39 weeks ended October 30 , 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 , " We are pleased to report another record quarter . Continued strong sales combined with record gross margin and expense control produced $ 197 million of net income . We ended the quarter in another strong cash position of $ 620 million after repurchasing $ 239 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 Third Quarter ( Compared to the Prior Year Third Quarter ) • Comparable retail sales increased 48 % • Net income of $ 197.3 million compared to net income of $ 31.9 million • Net income of $ 9.81 per share compared to net income of $ 1.43 per share • • • • • Retail gross margin of 46.7 % compared to 36.6 % Operating expenses were $ 393.2 million ( 26.5 % of sales ) compared to $ 318.2 million ( 31.0 % of sales ) Share repurchases of $ 239.2 million ( approximately 1.2 million shares ) Cash flow provided by operations of $ 728.0 million compared to $ 62.9 million of cash used in operations ( 39 weeks ) Ending cash of $ 619.7 million compared to $ 61.1 million with no short - term borrowings compared to $ 15.0 million Third Quarter Results Dillard's reported net income for the 13 weeks ended October 30 , 2021 of $ 197.3 million , or $ 9.81 per share , compared to net income of $ 31.9 million , or $ 1.43 per share , for the prior year third quarter . Included in net income for the prior year third quarter is a net tax benefit of $ 32.4 million ( $ 1.46 per share ) related to the Coronavirus Aid , Relief and Economic Security Act ( " CARES Act " ) . Also included in net income for the prior year third quarter is a pretax loss of $ 2.2 million ( $ 1.4 million after tax or $ 0.06 per share ) primarily related to the sale of a store property .