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Oxford Industries: Fiscal 1Q Earnings Snapshot

June 12, 2019

ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Wednesday reported fiscal first-quarter profit of $21.7 million.

The Atlanta-based company said it had profit of $1.29 per share. Earnings, adjusted for non-recurring costs, came to $1.30 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.

The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $282 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $277.3 million.

For the current quarter ending in August, Oxford Industries expects its per-share earnings to range from $1.80 to $1.90. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.35.

The company said it expects revenue in the range of $300 million to $310 million for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $283.6 million.

Oxford Industries expects full-year earnings in the range of $4.45 to $4.65 per share, with revenue ranging from $1.14 billion to $1.16 billion.

Oxford Industries shares have decreased 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68.80, a decrease of 26% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXM at https://www.zacks.com/ap/OXM

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