Dillard's, Inc.

We ended the quarter with over $1.2 billion in cash and short-term investments after paying off $96 million in debt.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

In Millions 2026 2025 Estimated Actual Depreciation and amortization $ 175 $ 179 Rentals 18 19 Interest and debt (income) expense, net (9) (6) Capital expenditures 120 93 Forward-Looking Information This report contains certain forward-looking statements.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

At August 1, 2026, letters of credit totaling $ 23.3 million were issued under the Company s revolving credit facility.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

Revolving Credit Agreement The Company maintains a credit facility ( credit agreement ) for general corporate purposes including, among other uses, working capital financing, the issuance of letters of credit, capital expenditures and, subject to certain restrictions, the repayment of existing indebtedness and share repurchases.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

The credit agreement, which is secured by certain deposit accounts of the Company and certain inventory of certain subsidiaries, provides a borrowing capacity of $ 800 million, subject to certain limitations as outlined in the credit agreement, with a $ 200 million expansion option.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

The Company pays a variable rate of interest on borrowings under the credit agreement and a commitment fee to the participating banks.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

The credit agreement, which is secured by certain deposit accounts of the Company and certain inventory of certain subsidiaries, provides a borrowing capacity of $ 800 million, subject to certain limitations as outlined in the credit agreement, with a $ 200 million expansion option.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

The extent to which our business will be affected by these factors depends on our customers continuing ability and willingness to accept higher prices and the effectiveness of our ongoing initiatives to manage these fluctuating costs.

SEC original ↗Dillard's, Inc. — 10-Q Quarterly report10-QSep 4, 2026

Retail gross margin of 40.9%, boosted by tariff rebates, helped grow cash flow and the bottom line.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

Net income for the 13 weeks ended August 1, 2026, includes $37.2 million ($28.4 million after tax, or $1.82 per share) in refunds of International Emergency Economic Powers Act (IEEPA) tariffs.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

Retail gross margin was positively impacted (260 basis points of sales) by the aforementioned $37.2 million IEEPA tariff refunds.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

The Company does not expect any additional significant IEEPA tariff refunds.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

Compared to the prior year second quarter and adjusted for the aforementioned IEEPA tariff refunds, retail gross margin increased moderately in ladies apparel and increased slightly in cosmetics and home and furniture.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026

Included in net income for the 26 weeks ended August 1, 2026 are these items: $37.2 million ($28.4 million after tax, or $1.82 per share) in refunds of IEEPA tariffs a pre-tax gain on litigation settlement, net of legal fees, of $104.1 million ($79.6 million after tax or $5.10 per share) related to the Company s favorable settlement of a long-standing lawsuit involving payment card interchange fees Included in net income for the 26 weeks ended August 2, 2025 is a pretax gain of $4.9 million ($3.8 million after tax or $0.24 per share) primarily related to the sale of three properties.

SEC original ↗Dillard's, Inc. — Earnings release (8-K exhibit)EX-99Aug 13, 2026