Dillard's, Inc. Files 10-Q for Q2 FY24
Ticker: DDT · Form: 10-Q · Filed: Sep 6, 2024 · CIK: 28917
Sentiment: neutral
Topics: 10-Q, retail, financials
TL;DR
Dillard's 10-Q is in for Q2 FY24. Check financials.
AI Summary
Dillard's, Inc. filed its 10-Q for the period ending August 3, 2024. The filing details financial performance and operational updates for the second quarter of fiscal year 2024. Key financial figures and changes in equity accounts are presented, reflecting the company's ongoing business activities.
Why It Matters
This filing provides investors with a detailed look at Dillard's financial health and operational performance during the second quarter, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- 72201 — ZIP Code (Company's business and mail address)
- 5013765200 — Phone Number (Company's business phone)
Key Players & Entities
- DILLARD'S, INC. (company) — Filer
- 0000028917 (company) — Central Index Key
- 20240803 (date) — Period of Report
- 20240906 (date) — Filing Date
FAQ
What was the reporting period for this 10-Q filing?
The period of report was 20240803.
What is the Central Index Key for Dillard's, Inc.?
The Central Index Key for Dillard's, Inc. is 0000028917.
What is the filing date of this 10-Q?
This 10-Q was filed on 20240906.
What is the primary business address of Dillard's, Inc.?
The business address is 1600 CANTRELL RD, LITTLE ROCK, AR 72201.
What is the Standard Industrial Classification code for Dillard's, Inc.?
The SIC code is RETAIL-DEPARTMENT STORES [5311].
Filing Stats: 4,484 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-09-06 16:20:29
Filing Documents
- dds-20240803x10q.htm (10-Q) — 1761KB
- dds-20240803xex31d1.htm (EX-31.1) — 13KB
- dds-20240803xex31d2.htm (EX-31.2) — 13KB
- dds-20240803xex31d3.htm (EX-31.3) — 13KB
- dds-20240803xex32d1.htm (EX-32.1) — 6KB
- dds-20240803xex32d2.htm (EX-32.2) — 6KB
- dds-20240803xex32d3.htm (EX-32.3) — 6KB
- 0000028917-24-000026.txt ( ) — 5223KB
- dds-20240803.xsd (EX-101.SCH) — 30KB
- dds-20240803_cal.xml (EX-101.CAL) — 36KB
- dds-20240803_def.xml (EX-101.DEF) — 82KB
- dds-20240803_lab.xml (EX-101.LAB) — 264KB
- dds-20240803_pre.xml (EX-101.PRE) — 168KB
- dds-20240803x10q_htm.xml (XML) — 805KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements (Unaudited)
Financial Statements (Unaudited): Condensed Consolidated Balance Sheets as of August 3, 2024, February 3, 2024 and July 29, 2023 3 Condensed Consolidated Statements of Income for the Three and Six Months Ended August 3, 2024 and July 29, 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Six Months Ended August 3, 2024 and July 29, 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended August 3, 2024 and July 29, 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended August 3, 2024 and July 29, 2023 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 28 Item 1A.
Risk Factors
Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 5. Other Information 28 Item 6. Exhibits 29
SIGNATURES
SIGNATURES 30 2 Table of Contents
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. DILLARD'S, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In Thousands) August 3, February 3, July 29, 2024 2024 2023 Assets Current assets: Cash and cash equivalents $ 946,728 $ 808,287 $ 774,343 Accounts receivable 64,468 60,547 59,701 Short-term investments 123,751 148,036 150,151 Merchandise inventories 1,191,432 1,093,999 1,192,703 Federal and state income taxes 35,462 — — Other current assets 91,701 97,341 103,331 Total current assets 2,453,542 2,208,210 2,280,229 Property and equipment (net of accumulated depreciation of $ 2,727,608 , $ 2,638,167 and $ 2,664,745 , respectively) 1,044,866 1,074,304 1,098,947 Operating lease assets 38,936 42,681 30,364 Deferred income taxes 63,935 63,951 45,980 Other assets 60,583 59,760 56,842 Total assets $ 3,661,862 $ 3,448,906 $ 3,512,362 Liabilities and stockholders' equity Current liabilities: Trade accounts payable and accrued expenses $ 768,758 $ 782,545 $ 803,142 Current portion of operating lease liabilities 11,535 11,252 8,047 Federal and state income taxes — 33,959 115,633 Total current liabilities 780,293 827,756 926,822 Long-term debt 321,514 321,461 321,407 Operating lease liabilities 27,440 31,728 22,291 Other liabilities 383,694 370,893 332,326 Subordinated debentures 200,000 200,000 200,000 Commitments and contingencies Stockholders' equity: Common stock 1,240 1,240 1,240 Additional paid-in capital 968,909 967,348 964,119 Accumulated other comprehensive loss ( 83,321 ) ( 87,208 ) ( 63,034 ) Retained earnings 6,294,693 6,048,288 5,975,028 Less treasury stock, at cost ( 5,232,600 ) ( 5,232,600 ) ( 5,167,837 ) Total stockholders' equity 1,948,921 1,697,068 1,709,516 Total liabilities and stockholders' equity $ 3,661,862 $ 3,448,906 $ 3,512,362 See