What: Dillard’s third quarter retail sales and revenues increased 3% over the period with net sales for the quarter reaching 1.5 billion dollars compared to 1.48 billion for the previous year.

Why it is important: Despite facing many of the same economic and supply chain-related issues as other retailers, Dillard’s has managed to maintain growth with their seventh consecutive quarter of gross margin over 40%.

For the entire first part of 2022, Dillard’s reported a retail sales increase of 8% and a comparable store sales increase of 8% as well. Net income is up 11% over last year’s performance with earnings per share up 32%.

The strongest performing categories for the department store group during the third quarter include cosmetics, men’s apparel and accessories, home and furniture and shoes. Juniors’ and children’s apparel were the weakest performing categories.

Dillard’s posts increased sales and earnings in Q3