Entering 2020, Dillard's (NYSE: DDS) seemed to be a business on the decline. Net income and earnings per share had plummeted over the previous several years, due to subpar sales trends and steady margin compression.
Then, the COVID-19 pandemic hit, crushing sales and causing Dillard's to report a massive loss for the first quarter of fiscal 2020.
However, since then, a funny thing has happened. Demand has come roaring back -- and Dillard's has gotten more aggressive about inventory management. That enabled the regional department store chain to post a record quarterly profit for the second straight quarter this week.
For further details see:
This Department Store Just Rang Up Record Earnings (Again)