BUZZ-Dillard's slips after posting fall in Q4 net sales, profit
ReutersFeb 25, 2025 2:48 PM
Updates
Shares of department store operator Dillard's DDS.N down as much as 1.5% at $472.73 in early trading
Q4 net sales fall 5% to $2.02 billion
Company says Q4 total retail sales, which exclude revenue from CDI contractors, its construction business, down ~5%, hurt by weaker-performing men's apparel, accessories and shoes categories
Q4 EPS at $13.48 compared with $15.44 a year ago
Retail gross margin for the quarter falls to 36.1% of sales, compared to 37.7% a year ago; says decrease driven by performance of home and furniture, ladies' apparel categories
"We worked on controlling expenses but lost some steam in gross margin" - CEO William Dillard
Shares rose 13.2% in 2024
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