NYSE$DDS

Dillards Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Dillard's reported third quarter results with improved gross margin and expense control amidst the COVID-19 pandemic.

Dillard's reported a significant increase in net income for the third quarter compared to the prior year, driven by improved gross margin and reduced expenses. However, comparable store sales decreased, reflecting the ongoing impact of the COVID-19 pandemic.

  • Net income increased to $31.9 million, or $1.43 per share, compared to $5.5 million, or $0.22 per share, in the prior year.
  • Comparable store sales decreased approximately 24%.
  • Gross margin improved by 249 basis points.
  • Selling, general and administrative expenses decreased by $99.9 million.

Headline financials

Total Revenue

$1.05B

Previous: $1.42B-26.1%
EPS (adj)

$1.43

Previous: $0.12+1091.7%
Comparable store sales

-24.0%

Previous: 0.0%
Capital Expenditures

-$52.1M

Previous: -$70.9M+26.5%
Free Cash Flow

-$20.3M

Previous: -$65.5M+69.1%
Net Income

$31.9M

Previous: $5.46M+483.1%
Operating Income

-$3.16M

Previous: -$9.71M+67.5%
Gross Profit

$366M

Previous: $464M-21.1%
Cash & Equivalents

$61.1M

Previous: $79.1M-22.7%
Total Assets

$3.31B

Previous: $3.8B-13.0%

Revenue & EPS history

Dillard's · Revenue · Quarterly

$1.05B

Q3 2020-26.1%vs Q3 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

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

  • Retail sales
    $1.3B+72.7%

Forward guidance

Dillard's did not provide specific forward guidance in this earnings report. The company acknowledged the unpredictable conditions due to the pandemic but expressed confidence in its associates' dedication.

Tailwinds

  • Not applicable, no forward guidance provided.

Headwinds

  • Not applicable, no forward guidance provided.

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 Q3 2020

Historical avgQ3 2020

+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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