Dillard's Shares Jump On Solid Sales, Margin Growth In Q3

Dillard’s Inc DDS reported third-quarter FY21 net sales growth of 44.6% year-on-year to $1.48 billion. Total retail sales increased 47%.
Comparable retail sales increased 48%, and the retail gross margin expanded 1010 basis points Y/Y to 46.7%.
Compared to Q3 of 2019, total retail sales increased 9%. Comparable store retail sales increased 12% versus 3Q19.
The gross profit margin for the quarter expanded 1050 basis points to 46.2%.
The operating expenses totaled $393.2 million or 26.5% of sales, versus $318.2 million or 31.0% of sales last year.
The company held $619.7 million in cash and equivalents as of October 30, 2021. Cash provided by operating activities for the nine months totaled $728 million.
EPS was $9.81 versus $1.43 in Q3 FY20.
Dillard’s noted it monitors the continuing supply chain issues, particularly shipping delays and disruptions in the global transportation network.
Price Action: DDS shares are trading higher by 9.48% at $324.05 on the last check Thursday.

Momentum32.11

Growth22.78

Quality-

Value79.94

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