- Dillard’s Inc (NYSE:DDS) reported second-quarter FY21 sales growth of 71% year-on-year, to $1.57 billion.
- Retail sales increased 72% Y/Y. Sales in ladies’ apparel and shoes drove the revenue increase.
- Consolidated gross margin for the quarter expanded 1060 basis points Y/Y to 41%. The retail gross margin improved to 41.7%.
- The company held $669.5 million in cash and equivalents as of July 31, 2021.
- EPS was $8.81, with a net profit of $185.7 million.
- “The strong consumer demand we saw in the first quarter continued throughout the second quarter,” said CEO William T. Dillard.
- Inventory decreased approximately 13% as of July 31, 2021, compared to August 1, 2020.
- Price Action: DDS shares traded higher by 5.51% at $192.185 on the last check Thursday.
Lucid Group Passes Ford In Market Cap, Continues To Rally Higher
Lucid Group Inc. (NASDAQ: LCID) shares were trading higher Tuesday after the company announced its third-quarter financial results. Lucid announced that it ended the third quarter with about $4.8 billion in cash.
