Dillard's earnings slip 4% to $570M; record $592M returned to shareholders via dividends

Filed March 27, 2026 · Period ending January 31, 2026 · Compared to 10-K Mar 28, 2025 · ~2 min read

Key Changes

• high

  Net income declined 4% to $570M ($36.42/share) from $594M prior year, despite flat comparable-store sales. Operating margin compressed as SG&A rose to 27.2% of sales from 26.7%, driven by payroll increases.

  MD&A: Financial Results verify on EDGAR →
• high

  Company returned record $592M to shareholders (up 11% year-over-year), including largest-ever $30/share special dividend (up from $25) and $108M in buybacks. Cash position strengthened to $1.1B despite elevated distributions.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Credit card alliance income fell 27% to $40M from $54M as Citibank partnership underperforms legacy Wells Fargo program. Company now emphasizes 'collaborative strategies' to improve results but offers no assurance of success.

  MD&A: Credit Card Alliance verify on EDGAR →