Oxford Industries, Inc. Provides Earnings Guidance for the Fourth Quarter and for Fiscal 2023 Ending on February 3, 2024
December 06, 2023 at 09:17 pm
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Oxford Industries, Inc. provided earnings guidance for the fourth quarter and for fiscal 2023 ending on February 3, 2024. For the fourth quarter of fiscal 2023, the Company expects net sales to be between $403 million and $423 million compared to net sales of $382 million in the fourth quarter of fiscal 2022. GAAP EPS is expected to be in a range of $1.67 to $1.87 in the fourth quarter compared to GAAP EPS of $2.00 in the fourth quarter of fiscal 2022.
For fiscal 2023 ending on February 3, 2024, the Company moderated its sales and EPS guidance. The Company now expects net sales in a range of $1.570 billion to $1.590 billion as compared to net sales of $1.41 billion in fiscal 2022. In fiscal 2023, GAAP EPS is expected to be between $9.25 and $9.45 compared to fiscal 2022 GAAP EPS of $10.19.
Oxford Industries, Inc. operates in the apparel industry, which owns and markets Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company and Duck Head lifestyle brands. The Company distributes its products through its direct-to-consumer channels, consisting of its brand specific full-price retail stores, e-commerce Websites and outlet stores, and its wholesale distribution channel, which includes sales to various specialty stores, signature stores, department stores, multi-branded e-commerce Websites and other retailers. Additionally, it operates Tommy Bahama food and beverage locations, including Marlin Bars and full-service restaurants, generally adjacent to a Tommy Bahama full-price retail store. Tommy Bahama designs, sources, markets, and distributes menâs and womenâs sportswear and related products. Lilly Pulitzer designs, sources, markets, and distributes upscale collections of womenâs and girlâs dresses, sportswear, and related products.
OXFORD INDUSTRIES, INC. 
