Dillard's net income rises to 97.7 million dollars in second quarter

US department store chain Dillard’s has announced its financial results for the 13-week and 26-week periods ended August 1, 2026. The Little Rock, Arkansas-based retailer generated net income of 97.7 million dollars, or 6.25 dollars per share, for the second quarter supported by IEEPA tariff refund. This compares to net income of 72.8 million dollars, or 4.66 dollars per share, same quarter last year.

For the first 26 weeks of the fiscal year, Dillard’s recorded net income of 348.2 million dollars, or 22.30 dollars per share, compared to 236.7 million dollars, or 15.08 dollars per share, in the previous year.

William T. Dillard, II, chief executive officer of Dillard’s, said: “Our 1% sales increase points to a somewhat resilient consumer. Retail gross margin of 40.9%, boosted by tariff rebates, helped grow cash flow and the bottom line. We ended the quarter with over $1.2 billion in cash and short-term investments after paying off $96 million in debt.”

Retail sales and category performance

Net sales across the group, including its construction business subsidiary CDI Contractors (CDI), reached 1.51 billion dollars in the second quarter, compared to 1.51 billion dollars in the prior-year period.

Total retail sales, excluding CDI, rose 1 percent to 1.46 billion dollars for the 13-week period, up from 1.45 billion dollars in the second quarter of 2025. Comparable store sales for the period also increased 1 percent.

Product categories delivering significant sales increases during the quarter included ladies’ accessories and lingerie. Home and furniture departments recorded moderate sales growth, while shoes, cosmetics, as well as men’s apparel and accessories registered slight sales gains. Sales declined moderately in juniors’ and children’s apparel alongside ladies’ apparel.

For the 26-week period, net sales totaled 3.08 billion dollars compared to 3.04 billion dollars in the prior year. Total retail sales for the half-year rose 2 percent to 2.97 billion dollars, with comparable store sales expanding 2 percent over the same timeframe.

Consolidated gross margin for the second quarter reached 39.7 percent of sales, compared to 36.6 percent of sales in the prior-year period.

At the conclusion of the second quarter, Dillard’s operated 272 retail locations across 30 US states, including 28 clearance centres, alongside its official e-commerce site.