Dillard’s is helped by share buybacks, and it is keeping costs down, inventory tight and customers engaged
Companies are on pace to buy back more than $1 trillion worth of their own stock this year. WSJ’s Dion Rabouin explains why companies buy their own stock and why they’re choosing to do so now. Photo: Elizabeth SmelovOne of the best-performing stocks of the past few years isn’t a tech giant or a highflying startup. Instead, it is a family-run department-store chain that doesn’t have a wide following on Wall Street.
Shares in Dillard’s Inc. have soared more than 1,500% since April 2020. The company’s market value is similar to that of Macy’s Inc., even though Dillard’s has less than a third of Macy’s annual revenue.
Unfortunately Dillard’s, in the past, treated their employees pretty bad. Perhaps they have changed in the last few years! I called in Dillard’s for many years. Hope they continue the streak and wish them well!
So glad Dillards and Macys is doing well.
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