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What happened, with direct paths to the underlying reporting
Dillard’s Q2 earnings missed estimates, causing a 6% stock drop. Net income fell from $131.5M to $74.5M year-over-year. Sales declined from $1.567B to $1.489B, below expectations. Same-store sales dropped 5%, worse than the anticipated 2% decline. Despite challenges, Dillard's holds over $1 billion in cash.
- Dillard’s Q2 earnings missed estimates, causing a 6% stock drop.
- Net income fell from $131.5M to $74.5M year-over-year.
- Sales declined from $1.567B to $1.489B, below expectations.
- Same-store sales dropped 5%, worse than the anticipated 2% decline.
- Despite challenges, Dillard's holds over $1 billion in cash.
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