# US retail earnings and tariff refund impacts

> Live situation record from CLSTR: https://clstr.news/situations/us-retail-earnings-and-tariff-refund-impacts
> Updated: 2026-08-27T11:41:20.000Z. Sources: 2. Developments: 2.

US retailers Dillard’s and Burlington Stores reported second-quarter earnings growth influenced by significant tariff refunds.

Dillard’s reported net income of $97.7 million, noting that $37.2 million in refunds related to International Emergency Economic Powers Act (IEEPA) tariffs served as a “significant driver” of profitability. The company indicated it does not expect further significant IEEPA tariff refunds.

Burlington Stores reported an 11% increase in total sales and received $55 million in tariff refunds during the quarter. Unlike Dillard’s, Burlington’s CEO announced plans to reinvest the full amount into the business to provide “sharper customer value and lower prices” for households facing rising living costs.

## Timeline

### 2026-08-27: Burlington Stores reports strong Q2 sales and earnings growth

Burlington Stores reported 11% sales growth and 38% adjusted EPS growth for Q2, announcing plans to reinvest $55 million in tariff refunds into lower customer prices.

2 sources. https://clstr.news/cluster/burlington-stores-reports-strong-q2-sales-and-earnings-growth

### 2026-08-13: Dillard’s reports Q2 earnings growth driven by tariff refunds

Dillard’s reported Q2 net income of $97.7 million, boosted by $37.2 million in tariff refunds and a 1 percent increase in sales.

2 sources. https://clstr.news/cluster/dillards-reports-q2-earnings-growth-driven-by-tariff-refunds

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Cite as: US retail earnings and tariff refund impacts. CLSTR, https://clstr.news/situations/us-retail-earnings-and-tariff-refund-impacts