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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.
Samsara Luggage (OTC: SAML) reported a substantial 239% increase in revenues for the fiscal year ending December 31, 2022, totaling
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.
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.
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.
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.
Oxford Industries, Inc. (NYSE: OXM) will release its third quarter fiscal 2022 financial results on December 7, 2022, after market close. A conference call will follow at 4:30 p.m. ET, hosted by CEO Thomas C. Chubb III and CFO K. Scott Grassmyer, discussing financial outcomes. A live webcast will be accessible on the company's website, with a replay available until December 21, 2022.
Oxford, a key player in the apparel industry, markets prominent brands including Tommy Bahama® and Lilly Pulitzer®. For more, visit www.oxfordinc.com.
Southern Tide has announced a sponsorship deal with PGA TOUR Rookie Kevin Roy, marking him as their first official ambassador. Roy, transitioning from the Korn Ferry Tour, will showcase Southern Tide's Skipjack logo on his apparel during competitions. This collaboration comes as Southern Tide experiences notable growth in its golf segment, with average spending hitting record highs. CEO Carey Ann Campbell highlights the importance of authentic partnerships, emphasizing the brand’s alignment with Roy's coastal lifestyle and performance needs.
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