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Oxford Industries, Inc. - OXM STOCK NEWS

Welcome to our dedicated page for Oxford Industries news (Ticker: OXM), a resource for investors and traders seeking the latest updates and insights on Oxford Industries stock.

Oxford Industries, Inc. (NYSE: OXM) is a premier international apparel design, sourcing, and marketing company. With a rich history dating back to 1942, the company has evolved from its domestic manufacturing origins to focus on the design, sourcing, and marketing of a diversified portfolio of lifestyle brands. These include well-known names such as Tommy Bahama, Lilly Pulitzer, and Southern Tide, along with a collection of tailored clothing and golf apparel under the Lanier Apparel brand.

Tommy Bahama is renowned for its upscale men's and women's sportswear, as well as its unique food and beverage outlets, including restaurants and bars that bring the brand's relaxed, island-inspired lifestyle to life. Lilly Pulitzer offers vibrant, upscale women's dresses and sportswear, while Johnny Was, acquired in 2022, adds a bohemian flair with its luxurious and eclectic collections. The company's product distribution strategy is multifaceted, encompassing department and specialty stores, national chains, specialty catalogs, mass merchants, and internet retailers.

Financially, Oxford Industries has demonstrated robust performance. For the second quarter of fiscal 2023, the company reported a 16% increase in net sales to $420 million. Despite challenging macroeconomic conditions and the impacts of wildfires on Maui, the company remains optimistic about long-term growth, supported by strong cash flow from operations and strategic investments in new retail and food and beverage locations.

Recently, Oxford launched its first Tommy Bahama Miramonte Resort & Spa in Palm Springs, further expanding its brand presence into the luxury travel industry. Additionally, the company has committed to significant capital expenditures, including a multi-year project to enhance its Southeastern United States fulfillment center, aimed at boosting direct-to-consumer capabilities.

Oxford Industries continues to prioritize shareholder value, paying quarterly dividends consistently since 1960 and engaging in strategic share repurchases. As of the end of fiscal 2023, the company had reduced its borrowings significantly, reflecting its strong balance sheet and operational efficiency.

Looking ahead to fiscal 2024, Oxford expects net sales to range between $1.630 billion and $1.670 billion. The company remains committed to its long-term strategy, focusing on brand strength, customer engagement, and operational excellence to drive sustainable growth and profitability.

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Oxford Industries, Inc. (NYSE:OXM) reported a 19% increase in consolidated net sales for the first quarter of fiscal 2023, reaching $420 million. Gross margin expanded to 65.5% on a GAAP basis and 65.8% on an adjusted basis. GAAP EPS was $3.64 and adjusted EPS was $3.78. The company expects sales in the range of $1.59 billion to $1.63 billion for fiscal 2023, with GAAP EPS projected to be between $10.18 and $10.58 and adjusted EPS between $10.80 and $11.20.
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Oxford Industries, Inc. (NYSE: OXM) will participate in the B. Riley Securities 23rd Annual Institutional Investor Conference on May 24, 2023, at the Beverly Hilton Hotel in Beverly Hills, California.
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Samsara Luggage (OTC: SAML) reported a substantial 239% increase in revenues for the fiscal year ending December 31, 2022, totaling $1,171,000. The company also achieved a remarkable 571% increase in gross profit during the same period. This growth is attributed to heightened demand for travel products and successful strategic partnerships. Key initiatives included the launch of the new Tag Smart product line, which capitalizes on Apple AirTag technology for enhanced travel convenience. The company continues to focus on expanding its market presence and enhancing customer engagement.

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Oxford Industries reported a robust fiscal 2022 with a 24% increase in sales, reaching $1.41 billion. GAAP EPS rose 31% to $10.19, while adjusted EPS climbed 36% to $10.88. The fourth quarter saw a 28% sales growth to $382 million and GAAP EPS of $2.00. The company anticipates fiscal 2023 revenues between $1.62 billion and $1.66 billion, and GAAP EPS from $10.86 to $11.26. An 18% increase in quarterly dividend to $0.65 per share was also declared. Oxford aims for continued growth, driven by strong brand performance and strategic initiatives.

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Oxford Industries (OXM) will release its fourth quarter fiscal 2022 financial results on March 23, 2023, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results, led by Thomas C. Chubb III and K. Scott Grassmyer. A live webcast will be available on Oxford's website, and a replay will be accessible until April 6, 2023. Oxford Industries is recognized for its popular brands, including Tommy Bahama and Lilly Pulitzer, and has been publicly traded on the NYSE since 1964.

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Oxford Industries (NYSE: OXM) announced its participation in the ICR Conference 2023 at the JW Marriott Orlando Grande Lakes, occurring on January 9, 2023. CEO Tom Chubb will present at 3:00 p.m. Eastern Time. The presentation will be available via webcast on the Oxford website. Founded in 1964, Oxford is a leader in the apparel industry, owning brands like Tommy Bahama and Lilly Pulitzer.

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Oxford Industries reported a strong third quarter for fiscal 2022, with net sales increasing by 26% to $313 million. Gross margin improved by 160 basis points, leading to a GAAP EPS of $1.22 and record adjusted EPS of $1.46. The company raised its full-year guidance, anticipating net sales between $1.395 billion and $1.410 billion. Tommy Bahama drove sales with a 20% increase year-over-year. Additionally, the acquisition of Johnny Was contributed significantly to the revenue growth. The board declared a quarterly dividend of $0.55 per share.

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FAQ

What is the current stock price of Oxford Industries (OXM)?

The current stock price of Oxford Industries (OXM) is $81.03 as of December 20, 2024.

What is the market cap of Oxford Industries (OXM)?

The market cap of Oxford Industries (OXM) is approximately 1.3B.

What does Oxford Industries, Inc. specialize in?

Oxford Industries, Inc. specializes in the design, sourcing, marketing, and distribution of apparel and related products for brands such as Tommy Bahama, Lilly Pulitzer, and Southern Tide.

How has Oxford Industries performed financially in recent quarters?

For the second quarter of fiscal 2023, Oxford Industries reported a 16% increase in net sales to $420 million. Despite challenges, the company continues to demonstrate robust financial performance.

What are some of Oxford Industries' key brands?

Oxford Industries' key brands include Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company, and Duck Head.

What recent projects has Oxford Industries undertaken?

Oxford Industries recently launched the Tommy Bahama Miramonte Resort & Spa in Palm Springs and has committed to enhancing its Southeastern US fulfillment center to boost direct-to-consumer capabilities.

How does Oxford Industries distribute its products?

Oxford Industries distributes its products through department and specialty stores, national chains, specialty catalogs, mass merchants, and internet retailers.

What is Oxford Industries' approach to shareholder value?

Oxford Industries has consistently paid quarterly dividends since 1960 and engages in strategic share repurchases to enhance shareholder value.

What is Oxford Industries' financial outlook for fiscal 2024?

For fiscal 2024, Oxford Industries expects net sales to range between $1.630 billion and $1.670 billion, with a focus on brand strength, customer engagement, and operational excellence.

What role do Tommy Bahama restaurants play in Oxford Industries' business model?

Tommy Bahama restaurants bring the brand's lifestyle to life, offering a unique combination of dining and retail experiences that drive customer engagement and brand loyalty.

What impact did the wildfires on Maui have on Oxford Industries?

The wildfires on Maui affected Oxford Industries due to its significant presence on the island, impacting sales and operations. The company is moderating its outlook for the second half of fiscal 2023 as a result.

When did Oxford Industries become publicly traded?

Oxford Industries' stock has traded on the New York Stock Exchange since 1964 under the symbol OXM.

Oxford Industries, Inc.

NYSE:OXM

OXM Rankings

OXM Stock Data

1.27B
14.80M
5.64%
106.58%
16.77%
Apparel Manufacturing
Men's & Boys' Furnishgs, Work Clothg, & Allied Garments
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United States of America
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