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Dillard’s strong earnings and sales results indicate solid operational performance, similar to past successful quarters leading to price increases.
What happened, with direct paths to the underlying reporting
DDS reported Q2 earnings of $4.66, beating estimates of $3.44. Quarterly sales were $1.513 billion, surpassing $1.497 billion estimate. CEO noted positive sales trends and effective inventory control. Shares increased 3%, trading at $513.80 after earnings release. Price target raised from $450 to $550 by Telsey Advisory.
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