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.
Oxford Industries, Inc. (NYSE: OXM) announced a cash dividend of $0.42 per share, marking a 14% increase from the prior $0.37 rate. This dividend will be payable on July 30, 2021, to shareholders of record as of July 16, 2021. The company has consistently paid dividends quarterly since becoming publicly owned in 1960, reflecting its commitment to returning value to shareholders.
Oxford Industries (OXM) reported robust first-quarter results for fiscal 2021, with net sales of $266 million, significantly up from $160 million in 2020. Gross margin improved to 62.7%, and GAAP EPS reached a record of $1.70. The company raised its full-year EPS guidance to between $4.55 and $4.85. Notably, full-price e-commerce sales surged by 55% over fiscal 2019. However, the sales decrease of $14 million from fiscal 2019 was primarily due to the exit from Lanier Apparel. The company remains optimistic, anticipating strong second-quarter sales between $300 million and $310 million.
Oxford Industries, Inc. (NYSE: OXM) announced its participation in Baird’s 2021 Global Consumer, Technology & Services Conference, which will take place virtually on June 10, 2021. This event showcases Oxford's role as a leader in the apparel industry, which includes well-known brands like Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®. Oxford has a significant history on the New York Stock Exchange, having traded under the symbol OXM since 1964. For more details, visit www.oxfordinc.com.
Oxford Industries, Inc. (NYSE: OXM) is set to release its fiscal first quarter financial results for the period ending May 1, 2021, on June 9, 2021, after market close. A conference call with senior management will follow at 4:30 p.m. ET to discuss the results. Investors can access the live webcast on the company's website, with a replay available until June 23, 2021. Oxford is renowned for its lifestyle brands like Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®.
On May 17, 2021, Southern Tide announced a partnership with Rheos Nautical Eyewear, launching their first eyewear collection, the Rheos x Southern Tide Signature Series. This collaboration combines Southern Tide's heritage in apparel with Rheos' expertise in floating sunglasses. The collection includes styles for men, women, and unisex options starting at $78, featuring 100% UV protection and polarized lenses. It aims to enhance the coastal lifestyle experience for active customers, bridging style and functionality. The collection became available on both brands' websites and select retailers.
On April 6, 2021, Tommy Bahama launched its limited-edition men's fragrance, Maritime Triumph, which can be found in stores and on their website starting in April, with nationwide availability in May. This vibrant scent embodies themes of adventure and masculinity, featuring notes like Bergamot, Mandarin, and Cashmere Woods. The packaging reflects a nautical theme, enhancing the brand's island lifestyle image. Available for $82, Maritime Triumph is part of Tommy Bahama's broader collection that emphasizes a luxurious, relaxed lifestyle.
Oxford Industries, Inc. (NYSE: OXM) reported a consolidated net sales decrease of 26% in Q4 FY2020, totaling $221 million, compared to $298 million in Q4 FY2019. For FY2020, net sales fell 33% to $749 million. The company experienced a GAAP loss of $0.74 per share in Q4 and $5.77 for the full year. The company highlighted a strong liquidity position with $66 million in cash and no debts. Despite challenges, OXM plans to restore its dividend to $0.37 per share, a 48% increase. For FY2021, OXM anticipates net sales between $940 million and $980 million, signalling a recovery.
Oxford Industries, Inc. (NYSE: OXM) will announce its fiscal fourth quarter and fiscal year 2020 results on March 25, 2021, after market close. The company will host a conference call with senior management at 4:30 p.m. ET to discuss the financial results. Interested participants can access a live webcast via the company’s website. A replay of the call will be available until April 8, 2021 through its website and by phone. Oxford is known for its premier lifestyle brands, including Tommy Bahama, Lilly Pulitzer, and Southern Tide.
Oxford Industries, a leader in the apparel sector, announced its participation in the ICR Conference 2021. Tom Chubb, the Chairman and CEO, will engage in a fireside chat with renowned analyst Dana Telsey at 1:30 PM ET on January 11, 2021. This presentation will be accessible via a live webcast on the Oxford website. The company, which has been publicly traded on the NYSE since 1964 under the symbol OXM, is known for its brands such as Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®.
Oxford Industries will participate in the ICR Conference 2021, taking place virtually from January 11 to 14, 2021. This participation highlights the company’s ongoing commitment to engage with investors and stakeholders.
Oxford Industries is known for its prominent lifestyle brands, including Tommy Bahama, Lilly Pulitzer, and Southern Tide. The company has been trading on the New York Stock Exchange under the symbol OXM since 1964.
FAQ
What is the current stock price of Oxford Industries (OXM)?
What is the market cap of Oxford Industries (OXM)?
What does Oxford Industries, Inc. specialize in?
How has Oxford Industries performed financially in recent quarters?
What are some of Oxford Industries' key brands?
What recent projects has Oxford Industries undertaken?
How does Oxford Industries distribute its products?
What is Oxford Industries' approach to shareholder value?
What is Oxford Industries' financial outlook for fiscal 2024?
What role do Tommy Bahama restaurants play in Oxford Industries' business model?
What impact did the wildfires on Maui have on Oxford Industries?
When did Oxford Industries become publicly traded?
