Oxford Inds Stock Price, News & Analysis

Oxford Industries (NYSE:OXM) reported challenging Q3 fiscal 2024 results with consolidated net sales declining to $308 million from $327 million in Q3 2023. The company posted a loss per share of $0.25 compared to earnings of $0.68 in the same period last year. Adjusted loss per share was $0.11 versus earnings of $1.01 in Q3 2023.

Two major hurricanes in the Southeastern United States resulted in estimated lost sales of $4 million and a $0.14 per share impact. The company lowered its fiscal 2024 guidance, now expecting net sales between $1.50-1.52 billion and adjusted EPS of $6.50-6.70. Full-price direct-to-consumer sales decreased 8% to $200 million, while wholesale sales declined 2% to $67 million.

Oxford Industries (NYSE: OXM) has scheduled its third quarter fiscal 2024 financial results release for December 11, 2024, after market close. The company will host a conference call at 4:30 p.m. ET on the same day, featuring Chairman, CEO, and President Thomas C. Chubb III, along with EVP, CFO, and COO K. Scott Grassmyer. A live webcast will be available on Oxford's website, with replay access through December 25, 2024, via both the website and phone.

Oxford Industries (NYSE:OXM), owner of Tommy Bahama, Lilly Pulitzer, and Johnny Was, reported second quarter fiscal 2024 results. Consolidated net sales were $420 million, comparable to Q2 2023. GAAP EPS decreased to $2.57 from $3.22, while adjusted EPS fell to $2.77 from $3.45. The company faced challenges due to declining consumer sentiment and increased promotional activity. Despite this, Oxford Industries maintained focus on delivering new products and experiences. The company revised its fiscal 2024 guidance, now expecting net sales between $1.51-$1.54 billion and adjusted EPS of $7.00-$7.30. Oxford Industries remains committed to long-term shareholder value and brand integrity while navigating the current economic environment.

Oxford Industries (NYSE: OXM) has announced the upcoming release of its second quarter fiscal 2024 financial results. The company will disclose these results after the market closes on Wednesday, September 11, 2024. Following the release, a conference call is scheduled for 4:30 p.m. ET on the same day. The call will be hosted by Thomas C. Chubb lll, Chairman, CEO, and President, along with K. Scott Grassmyer, Executive VP, CFO, and COO. Investors and interested parties can access a live webcast of the call on the company's website. A replay will be available online through September 25, 2024, and via phone using the provided access code.

Club Car and Tommy Bahama have launched the Tommy Bahama x Club Car Special Edition Onward Car, now available for ordering. This collaboration combines Club Car's quality and reliability with Tommy Bahama's island-inspired lifestyle. The vehicle features the signature Tommy Bahama Ocean Palm print, premium seats with custom embroidery, and a color-matched cowl with the Tommy Bahama marlin logo.

Available in 4-passenger lifted and non-lifted models with gas, lithium, or FLA powertrain options. Lifted vehicles include a white brush guard and 14" chrome wheels. Customers can explore features and place orders at clubcar.com/tommybahama. This launch represents a unique blend of luxury and functionality in the personal transportation vehicle market.

Oxford Industries (NYSE:OXM) reported its Q1 fiscal 2024 results, revealing a 5% decline in net sales to $398 million compared to Q1 2023. GAAP EPS dropped to $2.42 from $3.64 in the previous year, while adjusted EPS decreased to $2.66 from $3.78. Segmented sales saw mixed results with Tommy Bahama down 5.8%, Lilly Pulitzer down 9.3%, and Johnny Was up 3.5%. The gross margin dipped slightly to 64.9%, and SG&A expenses increased to $213 million due to new store openings and pre-opening expenses. Operating income fell to $52 million from $80 million. Despite these challenges, Oxford Industries maintains a positive outlook, forecasting net sales between $1.59 billion and $1.63 billion and GAAP EPS between $7.99 and $8.39 for fiscal 2024.

Oxford Industries (NYSE: OXM) announced it will release its first quarter fiscal 2024 financial results after the market closes on June 12, 2024.

The company will hold a conference call at 4:30 p.m. ET hosted by key executives, including Chairman and CEO Thomas C. Chubb III and EVP, CFO, and COO K. Scott Grassmyer, to discuss the results.

A live webcast will be available on the company's website, with a replay accessible until June 26, 2024 via their website or by phone.

Oxford Industries, Inc. (NYSE: OXM) will participate in the 19th Annual Needham Technology, Media, & Consumer Conference in New York on May 14, 2024.