Oxford Industries, Inc. Provides Earnings Guidance for the First Quarter Ending April 30, 2022 and Fiscal Year Ending January 28, 2023
March 23, 2022 at 04:10 pm EDT
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Oxford Industries, Inc. provided earnings guidance for the first quarter ending April 30, 2022 and fiscal year ending January 28, 2023. For the first quarter of fiscal 2022, ending April 30, 2022, the company expects net sales in a range of $315 million to $335 million, as compared to $266 million in the first quarter of fiscal 2021. GAAP earnings per share are expected to be between $2.65 and $2.85 as compared to earnings on a GAAP basis of $1.70 per share in the first quarter of fiscal 2021.
For the full 2022 fiscal year, ending on January 28, 2023, the company expects net sales to grow to between $1.245 billion and $1.285 billion as compared to net sales of $1.142 billion in fiscal 2021. GAAP earnings per share is expected to be between $8.75 and $9.15 as compared to earnings on a GAAP basis of $7.78 per share in fiscal 2021.
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. 
