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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.
Oxford Industries, a prominent apparel firm, announced participation in the 22nd Annual Institutional Investor Conference, hosted by B. Riley Securities at the Beverly Hilton Hotel on May 25, 2022. The company, listed on the NYSE under the symbol OXM, is known for its lifestyle brands including Tommy Bahama, Lilly Pulitzer, Southern Tide, The Beaufort Bonnet Company, and Duck Head. The event represents an opportunity for investors to engage with the company and learn about its future strategies and market positioning.
Oxford Industries, Inc. (NYSE:OXM) has announced the promotion of Scott Grassmyer to Chief Operating Officer, in addition to his existing role as Chief Financial Officer. Grassmyer has been with the company since 2002 and has significantly contributed to its transformation into a leader in lifestyle brands. His extensive experience includes key roles in acquisitions and business integration. The promotion aims to enhance operational efficiencies across Oxford's portfolio, which includes brands like Tommy Bahama and Lilly Pulitzer.
Oxford Industries reported record earnings for fiscal 2021, driven by strong sales across its lifestyle brands. The company achieved consolidated net sales of $1.142 billion, a significant increase from $749 million in 2020. Earnings per share rose to $7.78 (GAAP) compared to a loss of $5.77 the previous year. The Board announced a 31% increase in the quarterly dividend to $0.55 per share. For fiscal 2022, sales are projected to reach between $1.245 billion and $1.285 billion, with EPS expected between $8.75 and $9.15. Strong liquidity was maintained with $210 million in cash and no outstanding debts.
Oxford Industries will report its fiscal fourth-quarter financial results for the period ending January 29, 2022, on March 23, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results. A live webcast will be available on Oxford's website, with a replay accessible until April 6, 2022. Oxford specializes in apparel and markets brands such as Tommy Bahama, Lilly Pulitzer, and more. The company has been publicly traded on the NYSE under the symbol OXM since 1964.
Oxford Industries (NYSE: OXM) will present at the ICR Conference 2022 on January 10, 2022, at 2:30 p.m. ET. The presentation, led by Tom Chubb, Chairman, CEO, and President, will be accessible via the company's website. Oxford is a prominent player in the apparel industry, known for brands like Tommy Bahama and Lilly Pulitzer. The company has been publicly traded since 1964. For more details, visit www.oxfordinc.com.
Oxford Industries reported a 41% increase in third quarter net sales, reaching $248 million, surpassing both fiscal 2020 and pre-pandemic fiscal 2019 levels. GAAP EPS rose to $1.54, while adjusted EPS reached $1.19. The company raised its fourth quarter and full-year revenue guidance, expecting net sales between $1.127 billion and $1.137 billion for fiscal 2021. The strong performance is attributed to its brand portfolio and effective management despite supply chain challenges. A dividend of $0.42 per share was announced, with share repurchase authorization increased to $150 million.
Oxford Industries, Inc. (NYSE: OXM) will report its fiscal third quarter financial results for the period ending October 30, 2021, on December 8, 2021, after market close. A conference call featuring senior management to discuss these results is scheduled for 4:30 p.m. ET on the same day. Investors can access a live webcast on the company's website, with a replay available until December 22, 2021.
Oxford is a notable player in the apparel sector, owning brands like Tommy Bahama, Lilly Pulitzer, and Southern Tide.
Oxford Industries, Inc. (NYSE: OXM) will present at the Telsey Advisory Group's Shareholder Equity Conference on September 27, 2021. Chairman and CEO Thomas C. Chubb III will participate in a fireside chat at 2:30 PM ET. Investors can access a live webcast of the event via the Shareholder Equity Conference website or through the Oxford website in the Presentations & Events section. An archived replay will be available for 90 days post-event.
Oxford Industries, a leader in the apparel industry, announced its participation in CL King’s 19th Annual Best Ideas Conference 2021, scheduled for September 14, 2021. The company, known for its popular brands like Tommy Bahama, Lilly Pulitzer, and Southern Tide, continues to enhance its industry presence. Oxford has been listed on the New York Stock Exchange since 1964, trading under the symbol OXM. This participation signifies the company's commitment to engaging with investors and showcasing its strategic initiatives.
Oxford Industries reported record second quarter sales of $329 million, surpassing previous revenue guidance and up from $192 million in Q2 2020. GAAP EPS reached $3.05, with adjusted EPS at $3.24, exceeding earnings guidance. The company has raised its full-year EPS guidance to $6.03 - $6.28 (GAAP) and $6.45 - $6.70 (adjusted). Notable sales growth across all five brands and enhanced gross margins were achieved, countering COVID-19 impacts from last year. The company maintains a strong liquidity position with $180 million in cash.
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