It has been about a month since the last earnings report for Dillard’s (DDS). Shares have added about 24.3% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Dillard’s due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Dillard’s Reports Narrower-Than-Expected Q2 Loss
Dillard’s reported narrower-than-expected loss per share in second-quarter fiscal 2020. Notably, all of the company’s stores reopened and were operational as of Jun 2, except for one. All the reopened stores operated at reduced hours. Moreover, the company has been witnessing improved sales trends at the reopened stores, generating about 72% of the prior-year quarter’s sales between Jun 2 and Aug 1. This