"We've improved operational efficiencies significantly, which allowed us to drive our operating income up substantially this quarter."
— Management
03Detailed Report
DDT
Dillards Capital Trust I CAP SECS 75
Period
Q2 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 8, 2026
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Executive Summary
In Q2 2024, Dillards Capital Trust I (DDT) reported a significant revenue of approximately $1.49 billion, reflecting a year-over-year decline of 4.94% and a quarter-over-quarter decrease of 3.82%. The gross profit held steady at $1.49 billion, indicating a robust gross profit margin of 100%. However, the company experienced a sharp decline in net income to $74.5 million, a decrease of 43.35% year-over-year and 58.61% compared to the previous quarter, highlighting pressures on profitability despite increased operating income. On a positive note, operating income surged by 515.12% year-over-year and 356.68% quarter-over-quarter, underscoring improvements in operational efficiency and potential cost management by the management team. This quarter's results prompt an essential discussion regarding market positioning and long-term strategy amidst competitive pressures in the consumer cyclical sector.
Key Performance Indicators
Revenue
Decreasing
1.49B
QoQ: -3.82% | YoY: -4.94%
Gross Profit
Decreasing
1.49B
1.00% margin
QoQ: -3.82% | YoY: -4.94%
Operating Income
Increasing
1.06B
QoQ: 356.68% | YoY: 515.12%
Net Income
Decreasing
74.50M
QoQ: -58.61% | YoY: -43.35%
EPS
Decreasing
4.60
QoQ: -58.60% | YoY: -11.20%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue: $1.49B, down 4.94% YoY, down 3.82% QoQ.
2. Gross Profit: $1.49B, flat YoY and QoQ, indicating strong cost management.
3. Operating Income: $1.06B, up 515.12% YoY due to better operational controls.
4. Net Income: $74.5M, a significant drop of 43.35% YoY and 58.61% QoQ, reflecting squeezed margins.
5. EPS: $4.60, a reduction of 11.20% YoY and a staggering 58.60% QoQ decline.
6. Current Ratio: 3.14, indicating strong liquidity.
7. Debt Ratio: 9.84%, demonstrating conservative leverage levels, supporting balance sheet stability.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.49B
-4.94%
-3.82%
Gross Profit
1.49B
-4.94%
-3.82%
Operating Income
1.06B
515.12%
356.68%
Net Income
74.50M
-43.35%
-58.61%
EPS
4.60
-11.20%
-58.60%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Excellent
70.90%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Fair
5.00%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
2.03%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
2.94%
Return on equity suggests inefficient capital allocation
Current Ratio
Strong
3.14
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Conservative
0.14
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Value
1.40x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Undervalued
0.17x
Trading below book value, potential value opportunity or distressed
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