Page 1

Dillard's Dillard's , Inc. Reports Second Quarter and Year - to - Date Results August 13 , 2026 LITTLE ROCK , Ark . , Aug. 13 , 2026 ( GLOBE NEWSWIRE ) -- Dillard's , Inc. ( NYSE : DDS ) ( the " Company " or " Dillard's " ) announced operating results for the 13 and 26 weeks ended August 1 , 2026. 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 , Il commented on the quarter , " Our 1 % sales increase points to a somewhat resilient consumer . Retail gross margin of 40.9 % , boosted by tariff rebates , helped grow cash flow and the bottom line . We ended the quarter with over $ 1.2 billion in cash and short - term investments after paying off $ 96 million in debt . " Highlights of the Second Quarter ( compared to the prior year second quarter ) : • Total retail sales increased 1 % • Comparable store sales increased 1 % • Net income of $ 97.7 million compared to $ 72.8 million • Earnings per share of $ 6.25 compared to $ 4.66 • Retail gross margin of 40.9 % of sales compared to 38.1 % of sales • Operating expenses were $ 443.6 million ( 29.4 % of sales ) compared to $ 434.2 million ( 28.7 % of sales ) Ending inventory increased 5 % • Second Quarter Results Dillard's reported net income for the 13 weeks ended August 1 , 2026 of $ 97.7 million , or $ 6.25 per share , compared to $ 72.8 million , or $ 4.66 per share , for the 13 weeks ended August 2 , 2025. Net income for the 13 weeks ended August 1 , 2026 , includes $ 37.2 million ( $ 28.4 million after tax , or $ 1.82 per share ) in refunds of International Emergency Economic Powers Act ( IEEPA ) tariffs . Included in net income for the 13 weeks ended August 2 , 2025 is a pretax gain of $ 4.8 million ( $ 3.7 million after tax or $ 0.24 per share ) primarily related to the sale of three properties . Sales - Second Quarter Net sales for the 13 weeks ended August 1 , 2026 and August 2 , 2025 were $ 1.508 billion and $ 1.514 billion , respectively . Net sales includes the operations of the Company's construction business , CDI Contractors , LLC ( " CDI ” ) . Total retail sales ( which excludes CDI ) for the 13 weeks ended August 1 , 2026 and August 2 , 2025 were $ 1.455 billion and $ 1.447 billion , respectively . Total retail sales increased 1 % for the 13 weeks ended August 1 , 2026 compared to the 13 weeks ended August 2 , 2025. Sales in comparable stores for the same period increased 1 % . During the second quarter , sales increased significantly in ladies ' accessories and lingerie and moderately in home and furniture . Slight sales increases were noted in shoes , men's apparel and accessories and cosmetics . Sales decreased moderately in juniors ' and children's apparel and ladies ' apparel . Gross Margin - Second Quarter Consolidated gross margin for the 13 weeks ended August 1 , 2026 was 39.7 % of sales compared to 36.6 % of sales for the 13 weeks ended August 2 , 2025 . Retail gross margin for the 13 weeks ended August 1 , 2026 was 40.9 % of sales compared to 38.1 % of sales for the 13 weeks ended August 2 , 2025. Retail gross margin was positively impacted ( 260 basis points of sales ) by the aforementioned $ 37.2 million IEEPA tariff refunds . The Company does not expect any additional significant IEEPA tariff refunds . Compared to the prior year second quarter and adjusted for the aforementioned IEEPA tariff refunds , retail gross margin increased moderately in ladies ' apparel and increased slightly in cosmetics and home and furniture . Retail gross margin was flat in juniors ' and children's apparel and decreased slightly in men's apparel and accessories and shoes . Retail gross margin decreased moderately in ladies ' accessories and lingerie . Selling , General & Administrative Expenses - Second Quarter