$DDS

DILLARDS INC

CIK:0000028917|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
Net sales	$ 1,507,562	$ 1,513,830	$ 3,075,989	$ 3,042,693
Service charges and other income	22,872	22,173	43,066	40,281
Total net sales and service charges and other income	1,530,434	1,536,003	3,119,055	3,082,974
Cost of sales	909,348	959,306	1,779,716	1,816,997
Selling, general and administrative expenses	443,637	434,165	887,617	855,855
Depreciation and amortization	44,361	44,659	87,639	89,144
Rentals	3,818	4,551	7,707	9,147
Interest and debt (income) expense, net	(2,775)	(1,457)	(3,474)	(2,279)
Other expense	5,003	5,035	10,006	10,728
Gain on litigation settlement			(104,081)
Gain on disposal of assets	(97)	(4,841)	(249)	(4,900)
Income before income taxes and equity in earnings of joint ventures	127,139	94,585	454,174	308,282
Income taxes	29,760	21,750	106,540	71,630
Equity in earnings of joint ventures	308		606
Net income	$ 97,687	$ 72,835	$ 348,240	$ 236,652
Earnings per share:
Earnings per share - Basic (in dollars per share)	$ 6.25	$ 4.66	$ 22.3	$ 15.08
Earnings per share - Diluted (in dollars per share)	$ 6.25	$ 4.66	$ 22.3	$ 15.08

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Operating activities:
Net income	$ 348,240	$ 236,652
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and other deferred costs	88,440	89,889
Gain on disposal of assets	(249)	(4,900)
Accrued interest on short-term investments	(5,592)	(5,610)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable	(5,690)	3,488
Increase in merchandise inventories	(82,153)	(47,718)
(Increase) decrease in other current assets	(10,305)	7,434
(Increase) decrease in other assets	(736)	1,114
Increase (decrease) in trade accounts payable and accrued expenses and other liabilities	25,421	(24,522)
Increase in income taxes	(30,576)	63,566
Net cash provided by operating activities	326,800	319,393
Investing activities:
Purchase of property and equipment and capitalized software	(39,483)	(43,527)
Proceeds from disposal of assets	274	6,029
Proceeds from insurance		1,521
Purchase of short-term investments	(641,510)	(273,497)
Proceeds from maturities of short-term investments	360,905	404,970
Investments related to joint ventures		(1,750)
Net cash (used in) provided by investing activities	(319,814)	93,746
Financing activities:
Principal payments on long-term debt	(96,000)
Cash dividends paid	(9,369)	(7,900)
Purchase of treasury stock		(107,756)
Issuance cost of line of credit		(3,326)
Net cash used in financing activities	(105,369)	(118,982)
(Decrease) increase in cash and cash equivalents	(98,383)	294,157
Cash and cash equivalents, beginning of period	861,460	717,854
Cash and cash equivalents, end of period	763,077	1,012,011
Non-cash transactions of investing and financing activities:
Accrued capital expenditures	7,749	5,083
Stock awards	1,411	1,331
Accrued purchases of treasury stock and excise taxes		1,064
Lease assets obtained in exchange for new operating lease liabilities	$ 283	$ 1,784

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
Current assets:
Cash and cash equivalents	$ 763,077	$ 861,460	$ 1,012,011
Accounts receivable	45,414	39,724	52,212
Short-term investments	497,694	211,497	199,812
Merchandise inventories	1,283,251	1,201,098	1,219,765
Federal and state income taxes	11,504
Other current assets	80,366	72,792	88,280
Total current assets	2,681,306	2,386,571	2,572,080
Property and equipment (net of accumulated depreciation of $2,963,958, $2,878,784, and $2,847,558, respectively)	863,680	911,806	955,092
Operating lease assets	31,385	36,177	29,531
Deferred income taxes	79,854	77,386	67,714
Other assets	93,649	93,083	60,056
Total assets	3,749,874	3,505,023	3,684,473
Current liabilities:
Trade accounts payable and accrued expenses	794,691	772,398	761,226
Current portion of long-term debt	80,000	96,000	96,000
Current portion of operating lease liabilities	9,101	9,547	10,474
Federal and state income taxes		24,139	91,012
Total current liabilities	883,792	902,084	958,712
Long-term debt	145,727	225,674	225,621
Operating lease liabilities	22,007	26,341	19,035
Other liabilities	377,669	371,954	361,993
Subordinated debentures	200,000	200,000	200,000
Commitments and contingencies
Stockholders' equity:
Common stock	1,241	1,241	1,241
Additional paid-in capital	976,760	975,349	972,855
Accumulated other comprehensive loss	(45,247)	(46,674)	(48,235)
Retained earnings	6,651,520	6,312,651	6,456,873
Less treasury stock, at cost	(5,463,595)	(5,463,597)	(5,463,622)
Total stockholders' equity	2,120,679	1,778,970	1,919,112
Total liabilities and stockholders' equity	$ 3,749,874	$ 3,505,023	$ 3,684,473