# Dillards Inc. (DDS) — Stock CV

Dillards Inc. is a $10.0B consumer company. Revenue shrank 16.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 14.7× earnings — in the most expensive third of its own history.

> Dillard's Inc is an American fashion apparel, cosmetics, and home furnishings retailer.

## Identity

- **Ticker**: DDS
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Department Stores
- **Headquarters**: LITTLE ROCK, AR
- **Employees**: 29 100
- **Website**: https://www.dillards.com
- **Market cap**: $10.0B
- **Last price**: $642.24
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $14.4B
- **Net income**: $1.52B
- **Free cash flow**: $1.55B
- **Net cash**: $804M
- **P/E**: 14.7
- **Revenue growth (YoY)**: -16.8%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 75 |
| Growth | 0 |
| Profitability | 82 |
| Health | 100 |
| Quality | 80 |
| Moat | 56 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -16.8% YoY
- [x] Profitable — $1.52B TTM
- [ ] Profit growing — -6.6% YoY
- [x] Generates cash — $1.55B TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $10.0B market cap
- [x] Not printing shares — -11.0% shares over ~5y
- [x] Proven track record — 11/12 profitable years
- [x] Financially stable — Altman Z 7.9 — safe
- [x] Pays a dividend — yield 4.85%
- [x] Valuation not extreme — P/E 14.7

## Experience (career milestones)

- **2025** — In a partnership with Trademark Property, Dillard's purchased Longview Mall in Longview, Texas in 2025
- **FY2022** — Best year on record: $2.16B net income
- **FY2021** — Positive free cash flow every year since: 7-year streak
- **FY2019** — Revenue crossed $10B: $15.2B for the year
- **FY2016** — First recorded profitable year: $448M net income
- **FY2016** — Revenue already above $1B: $6.42B in first reported year
- **2006** — Macy & Co.'s Midwest Division, which was later dissolved in 2006, were acquired in early 1986
- **1988** — Dillard's in 1988 acquired the former Selber Bros. clothing department store chain, founded in 1907 in Shreveport,…
- **1987** — Dillard's purchased 26 of Joske's 27 stores in Texas and Arizona and the four-unit Cain-Sloan chain in…
- **1984** — Dillard's acquired 12 Stix, Baer & Fuller stores in St
- **1974** — Five Leonard's stores were acquired in Fort Worth, and a commitment to open a new downtown Fort Worth store…
- **1974** — Also in 1974, the former Brown-Dunkin, Blass, Pfeifer and Mayer & Schmidt stores were fully renamed Dillard's
- **1971** — Five Texas units were acquired from Fedway, a division of Federated Department Stores
- **1969** — The company's stock went public in 1969, as "Dillard Department Stores, Inc." During the 1970s, Dillard's…
- **1956** — Dillard led an investment group that acquired the Mayer & Schmidt store in Tyler, Texas

## Strengths

- High gross margin (41.2%)
- Net cash position after subtracting debt from cash
- Interest covered 37.3× by operating earnings
- High returns on invested capital (ROIC 45.5%)
- Altman Z-Score 7.86 — low bankruptcy-risk zone

## Watch-outs

- Revenue shrinking 16.8% year over year
- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $16.4B | $1.76B | $1.68B |
| FY2024 | $16.1B | $1.55B | $1.34B |
| FY2025 | $15.8B | $1.34B | $1.55B |
| FY2026 | $15.8B | $1.54B | $1.69B |
| FY2027 | $4.71B | $599M | $634M |

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Source: https://stockcv.com/DDS — derived from company filings; may be delayed or incomplete. Information, not investment advice.