Dillard’s closes Q2 with $97.7 million in profit

• Dillard’s (NYSE:DDS) reported Q2 2026 net income of $97.7 million, up from $72.8 million a year earlier, with EPS rising to $6.25.
• Retail gross margin improved to 40.9%, supported by $37.2 million in IEEPA tariff refunds that added 260 basis points.
• The company ended the quarter with $763.1 million in cash and $497.7 million in short-term investments.

Dillard’s (NYSE:DDS) reported second-quarter 2026 net income of $97.7 million, or $6.25 per share, compared with $72.8 million, or $4.66 per share, as retail gross margin improved.

Total retail sales increased 1% during the quarter, with comparable store sales also rising 1%, while retail gross margin expanded to 40.9% of sales from 38.1%.

The company received $37.2 million in IEEPA tariff refunds during the quarter, which contributed 260 basis points to retail gross margin, while operating expenses increased to $443.6 million, representing 29.4% of sales.

For the 26 weeks ended August 1, 2026, Dillard’s reported net income of $348.2 million, or $22.30 per share, compared with $236.7 million, or $15.08 per share, including tariff refunds and a $104.1 million pre-tax gain from a payment card interchange fee litigation settlement.

Dillard’s operates department stores and an online retail channel, selling apparel, accessories, cosmetics, home products, and other consumer goods across the United States.

The company ended the quarter with $763.1 million in cash and $497.7 million in short-term investments, operating 272 stores alongside its digital commerce platform.