As of August 3, 2024, Dillard's, Inc. reported total current assets of $2,453,542,000, reflecting an increase from $2,208,210,000 on February 3, 2024, and $2,280,229,000 on July 29, 2023. Total assets rose to $3,661,862,000 from $3,448,906,000 and $3,512,362,000 during the same periods. Current liabilities decreased to $780,293,000 from $827,756,000 and $926,822,000, while retained earnings increased to $6,294,693,000 from $6,048,288,000 and $5,975,028,000. Total stockholders’ equity also saw an increase to $1,948,921,000 from $1,697,068,000 and $1,709,516,000.

Net sales for the three months ended August 3, 2024, were $1,489,938,000, down from $1,567,377,000 for the same period in 2023. For the six months, net sales totaled $3,038,989,000, compared to $3,151,325,000 in the prior year. Income before income taxes for the three months was $97,113,000, a decrease from $171,591,000, while for the six months, it fell to $331,921,000 from $434,706,000. Net income for the three months ended August 3, 2024, was $74,483,000, down from $131,511,000, and for the six months, it decreased to $254,521,000 from $333,006,000. Earnings per share for the three months were $4.59, compared to $7.98 in the prior year, and for the six months, they were $15.68, down from $19.89.

The gross margin for the three months ended August 3, 2024, was $559,607,000, down from $608,542,000, with a gross margin percentage of 37.6%, compared to 38.8% in the previous year. Selling, general, and administrative (SG&A) expenses increased to $433,700,000, representing 29.1% of sales, up from 26.3%. For the six months, SG&A expenses were $861,000,000, or 28.3% of sales, compared to 26.0% in the prior year.

In terms of strategic developments, Dillard's entered into a new agreement with Citibank in January 2024 to provide a credit card program, replacing the Wells Fargo Alliance. The new program is expected to generate lower initial income than its predecessor. The company also opened a new location in Sioux Falls, South Dakota, and closed its Eastwood Mall Clearance Center in Niles, Ohio, during the reporting period. Capital expenditures for the six months were $61,100,000, slightly down from $63,800,000 in the previous year.

As of August 3, 2024, Dillard's maintained a credit facility with a borrowing capacity of $800 million, with no borrowings outstanding and $25.3 million in letters of credit issued. The company had cash and cash equivalents of $946,728,000, reflecting a strong liquidity position.