Oxford Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 28, 2023
December 06, 2023 at 04:20 pm EST
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Oxford Industries, Inc. reported earnings results for the third quarter and nine months ended October 28, 2023. For the third quarter, the company reported sales was USD 326.63 million compared to USD 313.03 million a year ago. Net income was USD 10.78 million compared to USD 19.67 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 1.22 a year ago.
For the nine months, sales was USD 1,167.05 million compared to USD 1,029.04 million a year ago. Net income was USD 120.77 million compared to USD 133.69 million a year ago. Basic earnings per share from continuing operations was USD 7.75 compared to USD 8.36 a year ago. Diluted earnings per share from continuing operations was USD 7.57 compared to USD 8.19 a year ago.
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. 
