What's Going On With Dillard's Stock Today?
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Dillard's shares fell 0.57% to $529.89 despite reporting strong first-quarter earnings of $16.04 per share, surpassing estimates of $10.37. Sales reached $1.568 billion, exceeding expectations of $1.555 billion, driven by growth in home goods, accessories, and shoes. The company reported a pre-tax gain of $104.1 million from a litigation settlement. Operating expenses rose to 28.3% of sales, while cash and equivalents increased to $1.157 billion. Dillard's anticipates higher capital expenditures and continues to focus on refreshing its merchandise assortment.
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