Oxford Industries, Inc. Provides Earnings Guidance of the First Quarter Ending on May 1, 2021 and Full Year Ending on January 29, 2022
March 25, 2021 at 04:05 pm EDT
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Oxford Industries, Inc. provided earnings guidance of the first quarter ending on May 1, 2021 and full year ending on January 29, 2022. For the quarter, the company expects net sales in the range of $220 million to $240 million, as compared to $160 million in the first quarter of fiscal 2020. GAAP earnings per share are expected to be between $0.90 and $1.10.
For the full year, the company expects net sales to grow to between $940 million and $980 million as compared to net sales of $749 million in fiscal 2020. GAAP earnings per share are expected to be between $2.65 and $3.05.
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. 
