Dillard’s books $37.2m tariff refund: Q2 profit jumps 34%

Dillard's tariff refund

Dillard’s second quarter net income rose 34% to $97.7 million after a $37.2 million refund of tariffs the Supreme Court invalidated added 260 basis points to retail gross margin. The company says it expects no further significant refunds, even as consumer class actions over the $166 billion pot multiply.