Shares of department store chain Dillard’s (NYSE:DDS) jumped 9.04% in the morning session after the company reported second quarter results that exceeded Wall Street's expectations for revenue, gross margin, and EPS. That the company continues to repurchase shares should also please shareholders.
On the other hand, same store sales missed (although again, revenue beat), and the company called out a "cautious consumer" in the press release, which was observed in the first quarter and continued in the first few weeks of the second. Overall, it was a positive quarter for the company considering the solid results and share repurchase program.
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What is the market telling us:
Dillard's's shares are not very volatile than the market average and over the last year have had only 16 moves greater than 5%.
Dillard's is up 19.1% since the beginning of the year, and at $378.31 per share it is trading close to its 52-week high of $415.36 from February 2023. Investors who bought $1,000 worth of Dillard's's shares five years ago would now be looking at an investment worth $4,410.
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