Overview

* Dillard's Q3 revenue increased 3%, beating analyst expectations

* Net income for Q3 rose to $129.8 mln, surpassing analyst estimates

* EPS for Q3 was $8.31, exceeding consensus estimates

Outlook

* Company estimates 2025 capital expenditures at $100 mln

* Company anticipates 2025 depreciation and amortization of $180 mln

Result Drivers

* PRODUCT CATEGORY GROWTH - Sales increased significantly in ladies' accessories, lingerie, juniors' and children's apparel

* RETAIL GROSS MARGIN - Retail gross margin improved to 45.3% from 44.5%, driven by product category growth

* OPERATING EXPENSES - Operating expenses increased due to payroll and payroll-related expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $1.47 $1.42

Revenue bln bln (3

Analysts

)

Q3 Net Beat $129.80 $100.60

Income mln mln (3

Analysts

)

Q3 45.30%

Retail

Gross

Margin

Q3 Basic Beat $8.31 $6.37 (3

EPS Analysts

)

Q3 Beat $168.80 $131.20

Pretax mln mln (3

Profit Analysts

)

Q3 $440.40

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

* The average consensus recommendation for the department stores peer group is "buy."

* Wall Street's median 12-month price target for Dillard's Inc is $411.00, about 47.4% below its November 12 closing price of $605.96

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)