BUZZ-Dillard's slips after downbeat quarterly results

Reuters

Feb 25, 2025

** Shares of department store operator Dillard's DDS.N down 1% at $475 premarket

** Q4 net sales fell 5% to $2.02 billion

** Says Q4 total retail sales, which excludes revenue from CDI Contractors, its construction business, fell 1% compared to the 13 week period last year, hurt by weaker performing men's apparel, accessories and shoes categories

** Reports Q4 EPS of $13.48 compared to $15.44 a year ago

** Retail gross margin for the quarter fell to 36.1% of sales compared to 37.7% a year ago, says decrease driven by performance of home and furniture, ladies' apparel categories

** "With sales down 1%, we worked on controlling expenses but lost some steam in gross margin" - CEO William Dillard

** DDS rose 13.2% in 2024

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

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