Dillard's, Inc. DDS

Consumer DiscretionaryDiversified RetailUnited States of America

Last close 644.07 USD on Nov 1, 2026, +6.2% year to date

Quant rating

Quant rating B Rank 77 of 344 in Consumer Discretionary

Growth D 265 of 344
Valuation D 286 of 344
Quality A 6 of 344
Revisions B 82 of 344
Momentum B 110 of 344

Wall Street consensus Hold (3.50)Average target 559.00 USD −13.2%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: –
Enterprise value: –
52-week range: 503.23 – 738.25
3-year range: 291.86 – 738.25
Dividend yield: 0.19%
Beta (5 years): 1.03
Shares outstanding: –M
Next earnings: Nov 9, 2026

About the company

Dillard's, Inc. is a retailer of fashion apparel, cosmetics and home furnishings. The Company’s segments include the operation of retail department stores and a general contracting construction company. It operates 272 Dillard’s stores, including 28 clearance centers, and an Internet store at dillards.com offering a wide selection of merchandise including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC (CDI), a portion of whose business includes constructing and remodeling stores for the Company. Its merchandise selections include its lines of exclusive branded merchandise, such as Antonio Melani, Gianni Bini, GB, Roundtree & Yorke and Daniel Cremieux. Its retail stores are located primarily in shopping malls and open-air centers throughout the southwest, southeast and Midwest regions of the United States.

Growth and profitability

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	6,563	6,590	6,874	6,996	6,624	–
Revenue growth	−0.4%	−4.1%	−1.7%	5.6%	49.4%	8.2%
EPS (basic, normalized)	36.42	36.82	44.73	50.81	20.60	–
EPS growth	−1.1%	−17.7%	−12.0%	146.7%	–	–
Gross margin	40.3%	40.5%	41.4%	43.1%	43.4%	41.7%
Net margin	8.7%	9.0%	10.7%	12.7%	13.0%	10.8%
ROE	31.9%	34.0%	44.8%	58.5%	59.6%	45.8%

Balance sheet, last quarter
Cash & short-term investments (mil)	1,261
Current ratio	3.03x
Long-term debt (mil)	346
Net debt (mil)	−835
Total equity (mil)	2,121
Net debt / equity	−0.39x
Net debt / EBITDA	−0.96x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	6,563	−0.4%	–	870	+1.0%	–	36.42	−1.1%	17.7x
2027	6,596	+0.5%	–	903	+3.9%	–	41.13	+12.9%	15.7x
2028	6,667	+1.1%	–	819	−9.3%	–	34.28	−16.7%	18.8x
2029	6,710	+0.6%	–	852	+3.9%	–	33.80	−1.4%	19.1x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	6,596	0.0%	−0.3%	+0.5%	41.13	0.0%	+3.5%	+24.0%
2028	6,667	0.0%	−0.3%	+0.5%	34.28	0.0%	−0.7%	+2.4%
2029	6,710	0.0%	−2.1%	−1.4%	33.80	0.0%	−7.0%	−6.1%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Apr 2024	Jul 2024	Oct 2024	Jan 2025	Apr 2025	Jul 2025	Oct 2025	Jan 2026	Apr 2026	Jul 2026
Sales reported (mil)	1,573	1,490	1,451	2,052	1,547	1,536	1,491	1,989	1,568	1,508
Sales mean (mil)	1,552	1,526	1,434	1,974	1,541	1,497	1,438	2,029	1,555	1,522
Surprise	+1.3%	−2.4%	+1.2%	+3.9%	+0.4%	+2.6%	+3.7%	−2.0%	+0.9%	−1.0%
EPS reported	11.09	4.59	7.73	13.48	10.39	4.66	8.31	13.05	9.37	6.28
EPS mean	9.63	5.97	6.50	9.75	9.14	3.44	6.69	10.61	10.37	4.29
Surprise	+15.2%	−23.1%	+18.9%	+38.2%	+13.7%	+35.6%	+24.2%	+23.0%	−9.6%	+46.5%

Peer comparison Diversified Retail

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
DDS Dillard's, Inc.	–	−0.96x	8.7%	4.72x	15.7x	18.8x	–	–
BIGGQ Former BL Stores, Inc.	0M	−2.64x	−10.2%	–	–	–	–	–
Mean		−1.80x	−0.8%	4.72x	15.7x	18.8x	–	–
Median		−1.80x	−0.8%	4.72x	15.7x	18.8x	–	–

Technical analysis

1M−5.6%
3M+9.4%
1Y+5.8%
3Y+108.7%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Dillard's, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	6,563	6,590	6,874	6,996	6,624	4,433
Cost of revenue	3,917	3,920	4,031	3,984	3,748	3,069
Gross profit	2,646	2,671	2,843	3,013	2,877	1,364
Selling, general & administrative expenses	1,778	1,753	1,739	1,697	1,559	1,234
Research & development	–	–	–	–	–	–
Depreciation/amortization	179	178	180	188	199	213
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	0	2.8	10.7
Other operating expenses	20.8	24.6	18.8	7.7	8.6	8.4
Operating income	668	716	906	1,119	1,107	−102
Net interest income (expense)	6.2	13.7	4.6	−30.5	−43.1	−49.1
Gain (loss) on sale of assets	20.4	0.5	6.1	21.0	24.7	−2.2
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	694	730	917	1,109	1,088	−153
Provision for taxes	125	136	178	218	226	−127
Minority interest	–	–	–	–	–	–
Equity in affiliates	0.4	–	–	–	–	0
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	570	593	739	892	862	−26.5
Extraordinary items	–	–	–	–	–	−45.2
Net income	570	593	739	892	862	−71.7
EBIT, normalized	668	716	906	1,119	1,110	−91.3
EBITDA, normalized	849	895	1,087	1,309	1,311	125
Basic EPS, normalized	36.42	36.82	44.73	50.81	20.60	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Dillard's, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	1,073	1,044	956	799	717	360
Receivables	39.7	55.7	60.5	57.0	39.8	155
Total inventory	1,201	1,172	1,094	1,120	1,080	1,088
Prepaid expenses	–	–	–	–	–	–
Other current assets	72.8	96.8	97.3	95.4	77.9	58.7
Total current assets	2,387	2,368	2,208	2,072	1,915	1,662
Property, plant & equipment	948	1,036	1,117	1,152	1,233	1,337
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	34.3	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	136	127	124	105	97.8	93.7
Total assets	3,505	3,531	3,449	3,329	3,246	3,093
Liabilities
Accounts payable	571	601	562	590	629	565
Payable/accrued	–	–	–	–	–	–
Accrued expenses	211	205	231	249	269	208
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	96.0	–	–	0	44.8	0.7
Other current liabilities	24.1	28.5	34.0	20.8	23.4	0
Total current liabilities	902	835	828	859	966	773
Long-term debt	426	522	521	521	521	566
Minority interest	–	–	–	–	–	–
Other liabilities	398	378	403	350	307	313
Total liabilities	1,726	1,735	1,752	1,731	1,794	1,652
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.2	1.2	1.2	1.2	1.2	1.2
Additional paid-in capital	975	972	967	963	957	954
Retained earnings (accumulated deficit)	6,313	6,228	6,048	5,649	5,028	4,471
Treasury stock	−5,464	−5,355	−5,233	−4,948	−4,512	−3,951
Other equity	−46.7	−49.9	−87.2	−65.7	−22.8	−34.9
Total equity	1,779	1,796	1,697	1,599	1,451	1,441
Total liabilities & shareholders' equity	3,505	3,531	3,449	3,329	3,246	3,093

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Dillard's, Inc., fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	570	593	739	892	862	−71.7
Depreciation, depletion & amortization	181	180	181	190	201	216
Deferred taxes	−7.3	−9.0	−17.7	−15.3	−7.4	−23.9
Non-cash items	−20.4	−0.5	−6.1	−21.2	−19.0	20.1
Changes in working capital	−6.4	−49.4	−12.7	−96.8	243	112
Cash from operations	717	714	884	948	1,280	253
Investing activities
Capital expenditures	−93.4	−105	−133	−120	−104	−60.5
Other investing cash flows	116	−165	17.3	−116	34.6	12.1
Cash from investing	22.5	−270	−116	−236	−69.8	−48.4
Financing activities
Financing cash flow items	−3.3	–	0	0	−3.0	−3.2
Cash dividends paid	−485	−414	−339	−271	−305	−14.0
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−108	−121	−281	−498	−546	−104
Cash from financing	−596	−535	−620	−769	−854	−121
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	144	−90.4	148	−56.4	356	83.3
Free cash flow	624	610	751	828	1,176	192

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

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Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.