Dillard's, Inc. Files 2024 10-K Report
Ticker: DDT · Form: 10-K · Filed: Mar 29, 2024 · CIK: 28917
Sentiment: neutral
Topics: 10-K, Dillard's, Annual Report, Retail, Financials
TL;DR
<b>Dillard's, Inc. has submitted its 2024 10-K filing, detailing its financial performance and operations for the fiscal year ending February 3, 2024.</b>
AI Summary
DILLARD'S, INC. (DDT) filed a Annual Report (10-K) with the SEC on March 29, 2024. Dillard's, Inc. filed its annual 10-K report for the fiscal year ending February 3, 2024. The company's fiscal year end is February 3rd. The filing is for the fiscal year 2023, reported on March 29, 2024. Dillard's, Inc. is classified under SIC code 5311 (Retail-Department Stores). The company's principal business address is 1600 Cantrell Rd, Little Rock, AR 72201.
Why It Matters
For investors and stakeholders tracking DILLARD'S, INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Dillard's financial health, operational strategies, and risk factors for the past fiscal year, crucial for investors and analysts to assess the company's performance and future outlook. The detailed financial statements and disclosures within the 10-K allow stakeholders to understand the company's revenue, expenses, assets, liabilities, and equity, enabling informed investment decisions.
Risk Assessment
Risk Level: low — DILLARD'S, INC. shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate, significant negative news or events, indicating a stable, ongoing operational status.
Analyst Insight
Review the detailed financial statements and risk factors within the 10-K to understand Dillard's performance and identify potential investment opportunities or concerns.
Key Numbers
- 2024-02-03 — Fiscal Year End (The end date of the reporting period.)
- 2024-03-29 — Filing Date (The date the 10-K was filed with the SEC.)
- 5311 — SIC Code (Standard Industrial Classification for Retail-Department Stores.)
- 710388071 — IRS Number (Internal Revenue Service number for the company.)
- AR — State of Incorporation (The state where Dillard's, Inc. was incorporated.)
Key Players & Entities
- DILLARD'S, INC. (company) — Filer name
- DDT (company) — Ticker symbol
- 10-K (filing) — Form type
- 2024-03-29T00:00:00.000Z (date) — Filing date
- 2024-02-03 (date) — Fiscal year end
- 1600 CANTRELL RD (address) — Business address
- LITTLE ROCK (location) — Business address city
- AR (location) — Business address state
FAQ
When did DILLARD'S, INC. file this 10-K?
DILLARD'S, INC. filed this Annual Report (10-K) with the SEC on March 29, 2024.
What is a 10-K filing?
A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by DILLARD'S, INC. (DDT).
Where can I read the original 10-K filing from DILLARD'S, INC.?
You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by DILLARD'S, INC..
What are the key takeaways from DILLARD'S, INC.'s 10-K?
DILLARD'S, INC. filed this 10-K on March 29, 2024. Key takeaways: Dillard's, Inc. filed its annual 10-K report for the fiscal year ending February 3, 2024.. The company's fiscal year end is February 3rd.. The filing is for the fiscal year 2023, reported on March 29, 2024..
Is DILLARD'S, INC. a risky investment based on this filing?
Based on this 10-K, DILLARD'S, INC. presents a relatively low-risk profile. The filing is a standard annual report (10-K) and does not contain immediate, significant negative news or events, indicating a stable, ongoing operational status.
What should investors do after reading DILLARD'S, INC.'s 10-K?
Review the detailed financial statements and risk factors within the 10-K to understand Dillard's performance and identify potential investment opportunities or concerns. The overall sentiment from this filing is neutral.
Key Dates
- 2024-02-03: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
- 2024-03-29: Filing Date — The date the 10-K was officially submitted to the SEC.
Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 14.4 · Accepted 2024-03-29 15:25:10
Key Financial Figures
- $0.01 — f March 2, 2024: CLASS A COMMON STOCK, $0.01 par value 12,243,845 CLASS B COMMON
Filing Documents
- dds-20240203x10k.htm (10-K) — 2553KB
- dds-20240203xex10dk.htm (EX-10.K) — 897KB
- dds-20240203xex21.htm (EX-21) — 47KB
- dds-20240203xex23.htm (EX-23) — 2KB
- dds-20240203xex31da.htm (EX-31.A) — 13KB
- dds-20240203xex31db.htm (EX-31.B) — 13KB
- dds-20240203xex31dc.htm (EX-31.C) — 13KB
- dds-20240203xex32da.htm (EX-32.A) — 6KB
- dds-20240203xex32db.htm (EX-32.B) — 6KB
- dds-20240203xex32dc.htm (EX-32.C) — 6KB
- dds-20240203xex4db.htm (EX-4.B) — 25KB
- dds-20240203xex97.htm (EX-97) — 48KB
- dds-20240203x10k002.jpg (GRAPHIC) — 58KB
- 0000028917-24-000011.txt ( ) — 11388KB
- dds-20240203.xsd (EX-101.SCH) — 64KB
- dds-20240203_cal.xml (EX-101.CAL) — 93KB
- dds-20240203_def.xml (EX-101.DEF) — 161KB
- dds-20240203_lab.xml (EX-101.LAB) — 597KB
- dds-20240203_pre.xml (EX-101.PRE) — 402KB
- dds-20240203x10k_htm.xml (XML) — 1885KB
Risk Factors
Risk Factors 4 1B. Unresolved Staff Comments 13 1C. Cybersecurity 13 2.
Legal Proceedings
Legal Proceedings 16 4. Mine Safety Disclosures 16 PART II 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 18 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 7A.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 37 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 37 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 38 9A.
Controls and Procedures
Controls and Procedures 38 9B. Other Information 38 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 PART III 10. Directors, Executive Officers and Corporate Governance 39 11.
Executive Compensation
Executive Compensation 39 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 40 13. Certain Relationships and Related Transactions, and Director Independence 40 14. Principal Accountant Fees and Services 40 PART IV 15. Exhibits and Financial Statement Schedules 41 16. Form 10-K Summary 44 Table of Contents PART I
BUSINESS
ITEM 1. BUSINESS. Dillard's, Inc. ("Dillard's", the "Company", "we", "us", "our" or "Registrant") ranks among the nation's largest fashion apparel, cosmetics and home furnishing retailers. The Company, originally founded in 1938 by William T. Dillard, was incorporated in Delaware in 1964. As of February 3, 2024, we operated 273 Dillard's stores, including 28 clearance centers, and an Internet store at dillards.com offering a wide selection of merchandise including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC ("CDI"), a portion of whose business includes constructing and remodeling stores for the Company. The following table summarizes the percentage of net sales by segment and major product line: Percentage of Net Sales Fiscal 2023 Fiscal 2022 Fiscal 2021 Retail operations segment: Cosmetics 16 % 15 % 14 % Ladies' apparel 20 21 21 Ladies' accessories and lingerie 14 14 15 Juniors' and children's apparel 9 9 10 Men's apparel and accessories 19 20 19 Shoes 14 15 15 Home and furniture 4 4 4 96 98 98 Construction segment 4 2 2 Total 100 % 100 % 100 % Additional information regarding our business, results of operations and financial condition, including information pertaining to our reporting segments, can be found in Management's Discussion and Analysis of Financial Condition and Results of Operations in Item 7 hereof and in Note 2 in the "Notes to Consolidated Financial Statements" in Item 8 hereof. Customers may visit us in person at any of our retail stores located primarily in shopping malls and open-air centers throughout the southwest, southeast and midwest regions of the United States. Our customers may also visit us online at our e-Commerce site, dillards.com, gaining company-wide access to in-store merchandise selec
RISK FACTORS
ITEM 1A. RISK FACTORS. The risks described in this Item 1A, Risk Factors, of this Annual Report could materially and adversely affect our business, financial condition and results of operations. The Company cautions that forward-looking statements, as such term is defined in the Private Securities Litigation Reform Act of 1995, contained in this Annual Report are based on estimates, projections, beliefs and assumptions of management at the time of such statements and are not guarantees of future performance. The Company disclaims any obligation to update or revise any forward-looking statements based on the occurrence of future events, the receipt of new information, or otherwise. Forward-looking statements of the Company involve risks and uncertainties and are subject to change based on various important factors. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements made by the Company and its management as a result of a number of risks, uncertainties and assumptions. Risks Related to Retail Operations The retail merchandise business is highly competitive, and that competition could lower our revenues, margins and market share. We conduct our retail merchandise business under highly competitive conditions. Competition is characterized by many factors including location, reputation, fashion, merchandise assortment, advertising, operating efficiency, price, quality, customer service and credit availability. We have numerous competitors nationally, locally and on the Internet, including conventional department stores, specialty retailers, off-price and discount stores, boutiques, mass merchants, and Internet and mail-order retailers. Although we are a large regional department store, some of our competitors are larger than us with greater financial resources and, as a result, may be able to devote greater resources to sourcing, promoting and selling their products. Additionally, we compete in ce