• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

US retailer Dillard's net sales reach $6.493 bn in FY22

22 Feb '23
2 min read
Pic: JHVEPhoto / Shutterstock.com
Pic: JHVEPhoto / Shutterstock.com

Dillard's, Inc, an upscale American department store chain, has reported net sales of $6.493 billion in fiscal 2022 (FY22), a considerable jump from $4.301 billion reported for the previous year. Total retail sales for the same period increased by 53 per cent year-on-year (YoY), reaching $6.375 billion. The company’s consolidated gross margin for FY22 was 42.3 per cent of sales, up significantly from the 28.6 per cent reported for the previous year.

Retail gross margin also showed an improvement, reaching 42.9 per cent of sales, up from 29.4 per cent the year before. Comparing it to FY19, retail gross margin improved 1,033 basis points of sales to 42.9 per cent of sales from 32.6 per cent of sales.

Dillard's reported a net income of $862.5 million, or $41.88 per share, for FY22, a vast improvement from the net loss of $71.7 million, or $3.16 per share, reported for the previous year.

In the fourth quarter (Q4) of FY22, Dillard's reported net sales of $2.113 billion, compared to $1.570 billion in Q4 FY21. Net income Q4 FY22 was $321.2 million, or $16.61 per share, compared to net income of $67.0 million, or $3.05 per share, for the prior year fourth quarter.

In Q4 FY22, the company reported a 37 per cent increase in total retail sales and a 37 per cent increase in comparable store sales compared to the same period in the previous year. Sales in juniors' and children's apparel also outperformed other categories, showing an increase of 12 per cent in comparable retail sales compared to the fourth quarter of FY19.

Fibre2Fashion News Desk (DP)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search