Dillard’s fourth-quarter results
What: Dillard’s posts its sales and earnings growth in their fourth quarter.
Why is it important: Retail sales increased 37% to 2.078 billion dollars, while comparable retail sales increased 12% compared to the fourth quarter of 2019.
The gross margin for the quarter improved 40.8% of sales compared to 31.1% for the prior year’s fourth quarter.
Net income was 862.5 million dollars compared to a net loss of 71.7 million.
Consolidated gross margin for the year improved to 42.3% of sales from 28.6% of sales for the prior year.
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