Oxford Industries: Fiscal 2Q Earnings Snapshot
Sep. 12, 2018
ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Wednesday reported fiscal second-quarter net income of $27.2 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.61. Earnings, adjusted for non-recurring costs, came to $1.83 per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.83 per share.
The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $302.6 million in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $306.4 million.
For the current quarter ending in November, Oxford Industries expects its per-share earnings to range from 10 cents to 20 cents.
The company said it expects revenue in the range of $235 million to $245 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $245.4 million.
Oxford Industries expects full-year earnings in the range of $4.45 to $4.65 per share, with revenue ranging from $1.13 billion to $1.15 billion.
Oxford Industries shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $90.26, a rise of 51 percent in the last 12 months.