Oxford Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended November 02, 2024
December 11, 2024 at 04:05 pm EST
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Oxford Industries, Inc. reported earnings results for the third quarter and nine months ended November 02, 2024. For the third quarter, the company reported sales was USD 308.03 million compared to USD 326.63 million a year ago. Net loss was USD 3.94 million compared to net income of USD 10.78 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.69 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.68 a year ago.
For the nine months, sales was USD 1,126.1 million compared to USD 1,167.05 million a year ago. Net income was USD 75.08 million compared to USD 120.77 million a year ago. Basic earnings per share from continuing operations was USD 4.8 compared to USD 7.75 a year ago. Diluted earnings per share from continuing operations was USD 4.74 compared to USD 7.57 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.