NYSE$DDS

Dillards Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record performances in gross margin and earnings per share, driven by increased sales due to vaccinations, stimulus money, and warmer weather.

Dillard's reported a strong first quarter with a significant increase in net income and earnings per share compared to the prior year. The company saw a 73% increase in total retail sales and an improvement in retail gross margin. Strong cash flow allowed for share repurchases while maintaining a substantial cash balance.

  • Net income was $158.2 million, or $7.25 per share, compared to a net loss of $162.0 million, or $6.94 per share, for the prior year first quarter.
  • Total retail sales increased 73% compared to the prior year first quarter.
  • Retail gross margin improved significantly to 42.7% compared to 12.8% for the prior year first quarter.
  • The company purchased $58.8 million of Class A Common Stock under its share repurchase program.

Headline financials

Total Revenue

$1.36B

Previous: $822M+65.2%
EPS (adj)

$6.37

Previous: -$6.94+191.8%
Comparable store sales

-6.0%

No prior period
Capital Expenditures

-$16.9M

Previous: -$20.2M+16.7%
Free Cash Flow

$141M

Previous: -$182M+177.6%
Net Income

$158M

Previous: -$162M+197.7%
Operating Income

$196M

Previous: $196M-0.1%
Gross Profit

$554M

Previous: $538M+3.1%
Cash & Equivalents

$616M

Previous: $70M+780.0%
Total Assets

$3.51B

Previous: $3.34B+4.9%

Revenue & EPS history

Dillard's · Revenue · Quarterly

$1.36B

Q1 2021+65.2%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Dillard's · $1.3B total across 1 segment · Q1 2021

  • Retail sales
    $1.3B+72.7%

Forward guidance

The Company is providing estimates for certain financial statement items for the fiscal year ending January 29, 2022, based upon current conditions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+3.4%

Avg return

5 days after

+4.2%

Avg return

30 days after

63%

40 / 63 earnings

Positive

+29.0%

Q1 2021

Best reaction

-20.9%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025+3.9%-6.7%-14.5%
Q3 2025+9.1%-1.1%+12.5%
Q1 2025+5.7%+8.4%+3.3%
Q4 2024-5.1%-19.0%-23.4%
Q3 2024+9.9%+9.9%+9.1%
Q2 2024-9.6%-10.1%-10.6%
Q1 2024-4.1%-2.4%-8.9%
Q4 2023+1.3%-4.4%+6.4%
Q3 2023-5.2%+2.1%+18.3%
Q2 2023+8.3%+4.8%-5.1%
Q1 2023+0.4%-1.0%+21.5%
Q4 2022-15.0%-13.3%-25.0%
Q3 2022+12.9%+22.3%+7.6%
Q2 2022+21.3%+31.6%+26.4%
Q1 2022+14.3%+14.4%+6.9%
Q4 2021-6.8%+9.1%+13.4%
Q3 2021+11.0%+21.7%-9.6%
Q2 2021+7.7%+6.5%+6.2%
Q1 2021+29.0%+46.1%+73.9%
Q4 2020+2.9%+1.8%+10.4%
Q3 2020+3.5%+9.1%+12.0%
Q2 2020+9.6%-2.9%+25.3%
Q1 2020+7.6%+5.2%+24.4%
Q4 2019+1.7%-2.6%-27.5%
Q3 2019+13.4%+8.5%+1.6%
Q2 2019-5.9%-3.4%+14.5%
Q1 2019-11.4%-10.3%-10.6%
Q4 2018+21.5%+14.7%+11.9%
Q3 2018-12.5%-15.1%-16.7%
Q2 2018-10.1%-7.0%-6.7%
Q1 2018+7.5%+3.9%+26.2%
Q4 2017+15.0%+24.0%+13.3%
Q3 2017+12.3%+5.6%+15.2%
Q2 2017-20.9%-22.0%-23.1%
Q1 2017-18.9%-15.1%-5.1%
Q4 2016-5.4%-2.4%-19.0%
Q3 2016+11.2%+7.1%+12.6%
Q2 2016+11.4%+13.0%-5.8%
Q1 2016-4.2%
Q4 2015+9.1%
Q3 2015-5.6%
Q2 2015+1.0%
Q1 2015-8.8%
Q4 2014+3.3%
Q3 2014+2.2%
Q2 2014-6.1%
Q1 2014+12.7%
Q4 2013+0.9%
Q3 2013+0.3%
Q2 2013+5.8%
Q1 2013+3.8%
Q4 2012-8.5%
Q3 2012+3.3%
Q2 2012+6.9%
Q1 2012-5.7%
Q1 2011-5.7%
Q4 2009-0.7%
Q2 2011-0.7%
Q4 2011-0.7%
Q3 2011+2.8%
Q3 2010+2.8%
Q2 2010+4.0%
Q4 2010+4.0%

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