Dillard’s reports Q3 consolidated gross margin 43.5% vs. 44.6% last year

Retail gross margin (which excludes CDI) for the 13 weeks ended October 28, 2023 was 45.3% of sales compared to 45.7% of sales for the prior year third quarter. Gross margin increased moderately in home and furniture and ladies’ apparel category. Gross margin was flat in cosmetics and down slightly in men’s apparel and accessories, juniors’ and children’s apparel and shoes. Gross margin was down moderately in ladies’ accessories and lingerie. Inventory decreased 1% for the 13 weeks ended October 28, 2023 compared to the 13 weeks ended October 29, 2022.