Dillard’s, Inc. reported financial results for the 13 weeks ended October 31, 2026, showing a modest increase in sales and earnings compared to the prior year period. The company announced net income of $130.9 million, or $8.38 per share, for the third quarter. This compares to net income of $129.8 million, or $8.31 per share, for the same period in the previous year.
Total retail sales for the 13 weeks ended October 31, 2026, were $1.418 billion, representing a 1% increase over the $1.401 billion reported for the 13 weeks ended November 1, 2025. Comparable store sales also increased by 1% during the same timeframe. The company noted that sales growth was moderate in home and furniture, men’s apparel and accessories, ladies’ accessories and lingerie, and juniors’ and children’s apparel, while sales were essentially flat in shoes and decreased slightly in ladies’ apparel.
Gross margins remained stable, with retail gross margin holding steady at 45.3% of sales. Consolidated gross margin for the quarter was 43.6% compared to 43.4% in the prior year. Operating expenses for the quarter were $448.9 million, or 30.3% of sales, an increase from $440.4 million, or 30.0% of sales, in the prior year, largely attributed to higher payroll expenses.
For the 39 weeks ended October 31, 2026, Dillard’s reported net income of $479.1 million, or $30.68 per share, compared to $366.5 million, or $23.39 per share, for the same period in the prior year. Total retail sales for the year-to-date period were $4.391 billion, a 2% increase over the $4.315 billion reported for the 39 weeks ended November 1, 2025. Comparable store sales increased by 2% over the same period.
Net income for the 39-week period was positively impacted by a $37.2 million refund related to International Emergency Economic Powers Act (IEEPA) tariffs and a pre-tax gain of $104.1 million from a litigation settlement regarding payment card interchange fees. The company also stated that cash and short-term investments totaled approximately $1.385 billion as of October 31, 2026.
In other company news, Dillard’s announced the upcoming closure of its Boynton Beach Mall Clearance Center in Boynton Beach, Florida. The 50,000-square-foot store is expected to close in January 2027. The company currently operates 272 Dillard’s stores, including 28 clearance centers, spanning 30 states and totaling 46.1 million square feet.
