Dillard's Reports Fiscal Year Results

Retailer sees modest sales, earnings in changing environment

Published on Feb. 24, 2026

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Dillard's, Inc. reported net income of $570.2 million, or $36.42 per share, for the 52 weeks ended January 31, 2026, compared to $593.5 million, or $36.82 per share, for the prior fiscal year. Total retail sales were unchanged, while comparable store sales were also flat. The company cited a rapidly changing merchandising environment and unpredictable costs as factors impacting the year.

Why it matters

Dillard's results provide insight into the challenges facing traditional department stores as they navigate shifting consumer preferences, supply chain disruptions, and economic uncertainty. The retailer's ability to maintain profitability and return value to shareholders despite these headwinds is noteworthy.

The details

Dillard's reported a retail gross margin of 40.8% for the fiscal year, down slightly from 41.0% the prior year. Operating expenses increased to 27.2% of sales from 26.7%. The company noted it rewarded shareholders with its largest dividend in history while maintaining around $1.1 billion in cash and short-term investments at year-end.

  • Dillard's reported results for the 52 weeks ended January 31, 2026.
  • The prior fiscal year results were for the 52 weeks ended February 1, 2025.

The players

Dillard's, Inc.

An American department store chain with 271 locations across 30 states.

William T. Dillard, II

Chief Executive Officer of Dillard's, Inc.

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What they’re saying

“We reported a respectable year. We achieved retail gross margin of 40.8% in a rapidly changing merchandising environment with unpredictable costs. We rewarded our shareholders with the largest dividend in our history and still held around $1.1 billion in cash and short-term investments at year-end.”

— William T. Dillard, II, Chief Executive Officer (Dillard's press release)

The takeaway

Dillard's has navigated a challenging retail landscape by maintaining profitability, rewarding shareholders, and preserving a strong cash position - demonstrating the resilience of its business model even as the industry faces significant headwinds.