Oxford Industries, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended February 03, 2024
March 28, 2024 at 04:16 pm EDT
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Oxford Industries, Inc. reported earnings results for the fourth quarter and full year ended February 03, 2024. For the fourth quarter, the company reported sales was USD 404.43 million compared to USD 382.48 million a year ago. Net loss was USD 60.07 million compared to net income of USD 32.05 million a year ago. Basic loss per share from continuing operations was USD 3.85 compared to basic earnings per share from continuing operations of USD 2.05 a year ago. Diluted loss per share from continuing operations was USD 3.85 compared to diluted earnings per share from continuing operations of USD 2 a year ago.
For the full year, sales was USD 1,571.48 million compared to USD 1,411.53 million a year ago. Net income was USD 60.7 million compared to USD 165.74 million a year ago. Basic earnings per share from continuing operations was USD 3.89 compared to USD 10.42 a year ago. Diluted earnings per share from continuing operations was USD 3.82 compared to USD 10.19 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.