Dillard's Shares Soar On Solid Q4 Earnings

• Dillard’s Inc (NYSE:DDS) reported fourth-quarter FY21 sales growth of 33.4% year-on-year, to $2.15 billion, versus $1.61 billion last year.
• Comparable retail sales increased 37% versus Q4 2020 and 12% versus Q4 2019. Retail sales increased 37% Y/Y.
• EPS was $16.61 versus $3.05 in Q4 2020.
• Operating expenses rose 31.3% Y/Y to $440.9 million.
• Retail gross margin for the quarter expanded 950 basis points Y/Y to 41.4%. Consolidated gross margin improved to 40.8% from 31.1% last year.
• The company held $716.8 million in cash and equivalents as of January 29, 2022. The cash flow provided by operations for the twelve months totaled $1.3 billion.
• Inventory decreased approximately 1% as of January 29, 2022, compared to January 30, 2021.
• Price Action: DDS shares traded higher by 8.33% at $264.00 in premarket on the last check Tuesday.