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Dillard’s, Inc. (NYSE:DDS) reported the outcomes of its Annual Meeting of Stockholders held on May 17, 2025, in a filing with the Securities and Exchange Commission (SEC) today. The meeting, which took place in Little Rock, Arkansas, addressed the election of directors and the ratification of the company’s independent accounting firm. The retailer, currently rated as having "GREAT" financial health according to InvestingPro metrics, maintains a strong market position with a market capitalization of $6.6 billion and impressive liquidity metrics.
In the election of directors, all Class A and Class B nominees were successfully elected. Votes for Class A nominees ranged from 9,233,147 to 9,524,269, with votes against between 22,523 and 315,658, abstentions from 13,537 to 16,695, and broker non-votes consistently at 624,647 for each nominee. Class B nominees were unanimously elected with 3,985,776 votes for each and no votes against or abstentions.
Additionally, stockholders ratified the selection of KPMG LLP as Dillard’s independent registered public accounting firm for the year 2025. The proposal received an overwhelming majority of "for" votes, totaling 14,149,024, with only 7,143 votes against and 16,598 abstentions.
The results demonstrate shareholder confidence in the company’s board of directors and its choice of auditors. The SEC filing, signed by Senior Vice Presidents and Co-Principal Financial Officers Phillip R. Watts and Chris B. Johnson, confirms the details of the meeting and the decisions made by Dillard’s shareholders.
This report is based on the company’s SEC filing and provides a factual summary of the key decisions taken during Dillard’s 2025 Annual Meeting of Stockholders.
In other recent news, Dillard’s reported first-quarter earnings that exceeded analyst expectations, with net income reaching $163.8 million, or $10.39 per share, surpassing the anticipated $8.92 per share. Revenue for the quarter was $1.53 billion, aligning with estimates. The company experienced a 1% year-over-year decline in comparable store sales, while total retail sales decreased by 2% to $1.47 billion. Stronger performance was noted in juniors’ and children’s apparel and men’s clothing, although there was a noted weakness in home and furniture, shoes, and ladies’ apparel. Gross margin slightly declined to 45.5% from 46.2% the previous year, while operating expenses were reduced by $5 million, primarily due to lower payroll costs. Dillard’s repurchased $98 million worth of stock during the quarter and concluded the period with $1.2 billion in cash and short-term investments. For fiscal 2025, the company anticipates capital expenditures of $120 million, up from $105 million in 2024. As of the quarter’s end, Dillard’s operated 272 stores across 30 states.
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