DDS

EX-99.1

2 dds-20260813xex99d1.htm

EX-99.1

Exhibit 99.1

Dillard’s, Inc. Reports Second Quarter

and Year-to-Date Results

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LITTLE ROCK, Ark. (GLOBE NEWSWIRE) – August 13, 2026 - 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.”

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Dillard’s Chief Executive Officer William T. Dillard, II 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.”

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Highlights of the Second Quarter (compared to the prior year second quarter):

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•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%

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Second Quarter Results

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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.

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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.

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Sales – Second Quarter

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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”).

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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%.

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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.

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Gross Margin – Second Quarter

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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.

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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.

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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.

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Selling, General & Administrative Expenses – Second Quarter

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Consolidated selling, general and administrative expenses (“operating expenses”) for the 13 weeks ended August 1, 2026 were $443.6 million (29.4% of sales) and $434.2 million (28.7% of sales) for the 13 weeks ended August 2, 2025. The increase is primarily due to higher payroll and payroll-related expenses.

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Highlights of the 26 Weeks (compared to the prior year 26 weeks):

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•Total retail sales increased 2%

•Comparable store sales increased 2%

•Net income of $348.2 million compared to $236.7 million

•Earnings per share of $22.30 compared to $15.08

•Retail gross margin of 43.4% of sales compared to 41.8% of sales

•Operating expenses were $887.6 million (28.9% of sales) compared to $855.9 million (28.1% of sales)

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26-Week Results

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Dillard’s reported net income for the 26 weeks ended August 1, 2026 of $348.2 million, or $22.30 per share, compared to $236.7 million, or $15.08 per share, for the 26 weeks ended August 2, 2025. Included in net income for the 26 weeks ended August 1, 2026 are these items:

●$37.2 million ($28.4 million after tax, or $1.82 per share) in refunds of IEEPA tariffs

●a pre-tax gain on