Dillard's: Sales Worsen Worryingly In Q2
DDSDillard's(DDS) Seeking Alpha·2024-08-16 01:24

Lee Walters Dillard's, Inc. (NYSE:DDS) reported the company's fiscal Q2 results on the 15th of August before market opening. Comparable store sales came below expectations by a notable margin, understandably sending the stock down -9% to the results. In addition, Dillard's failed to adapt costs well into the market environment, pushing profitability down concerningly. In my previous article on the stock, "Dillard's: Healthy Cash Flows In A Slow Industry," I initiated Dillard's at a Hold rating as the compan ...