Welcome to our dedicated page for Oxford Inds news (Ticker: OXM), a resource for investors and traders seeking the latest updates and insights on Oxford Inds stock.
Oxford Industries, Inc. (NYSE: OXM) generates frequent news as an apparel manufacturing company that owns and markets lifestyle brands including Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company, Duck Head and Jack Rogers. Company news often focuses on brand performance, channel trends and strategic investments that affect how these brands reach consumers.
On this page, readers can follow Oxford’s announcements about quarterly and annual financial results, which typically include consolidated net sales, net sales by operating group, and breakdowns by distribution channel such as full-price direct-to-consumer, e-commerce, outlet, wholesale and food and beverage sales. These releases are accompanied by management commentary on consumer demand, promotional activity, tariffs, sourcing strategies and gross margin dynamics.
Oxford’s news flow also includes updates on capital allocation and operations, such as dividend declarations, share repurchase authorizations and progress on major projects. For example, the company has highlighted capital expenditures associated with building a new multi-brand, omnichannel distribution center in Lyons, Georgia, and has discussed how this facility is intended to support ongoing business growth and direct-to-consumer throughput for its brands.
Investors and followers of OXM can also find notices about upcoming earnings releases, conference calls with senior management and participation in investor conferences like the ICR Conference. These items provide additional context on Oxford’s outlook, risk considerations and strategic priorities. Bookmark this page to review Oxford Industries’ latest press releases, performance discussions and corporate updates as they are reported.
Oxford Industries, a leader in the apparel industry, announced its participation in CL King’s 19th Annual Best Ideas Conference 2021, scheduled for September 14, 2021. The company, known for its popular brands like Tommy Bahama, Lilly Pulitzer, and Southern Tide, continues to enhance its industry presence. Oxford has been listed on the New York Stock Exchange since 1964, trading under the symbol OXM. This participation signifies the company's commitment to engaging with investors and showcasing its strategic initiatives.
Oxford Industries reported record second quarter sales of $329 million, surpassing previous revenue guidance and up from $192 million in Q2 2020. GAAP EPS reached $3.05, with adjusted EPS at $3.24, exceeding earnings guidance. The company has raised its full-year EPS guidance to $6.03 - $6.28 (GAAP) and $6.45 - $6.70 (adjusted). Notable sales growth across all five brands and enhanced gross margins were achieved, countering COVID-19 impacts from last year. The company maintains a strong liquidity position with $180 million in cash.
Oxford Industries, Inc. (NYSE: OXM) will release its fiscal second quarter financial results on September 2, 2021, following the market's close. A conference call with management to discuss these results is scheduled for 4:30 p.m. ET. Investors can access a live webcast on the company's website, with a replay available until September 16, 2021. Oxford is recognized for its lifestyle brands, including Tommy Bahama and Lilly Pulitzer, and has been publicly traded since 1964.
Oxford Industries, Inc. (NYSE: OXM) announced a cash dividend of $0.42 per share, marking a 14% increase from the prior $0.37 rate. This dividend will be payable on July 30, 2021, to shareholders of record as of July 16, 2021. The company has consistently paid dividends quarterly since becoming publicly owned in 1960, reflecting its commitment to returning value to shareholders.
Oxford Industries (OXM) reported robust first-quarter results for fiscal 2021, with net sales of $266 million, significantly up from $160 million in 2020. Gross margin improved to 62.7%, and GAAP EPS reached a record of $1.70. The company raised its full-year EPS guidance to between $4.55 and $4.85. Notably, full-price e-commerce sales surged by 55% over fiscal 2019. However, the sales decrease of $14 million from fiscal 2019 was primarily due to the exit from Lanier Apparel. The company remains optimistic, anticipating strong second-quarter sales between $300 million and $310 million.
Oxford Industries, Inc. (NYSE: OXM) announced its participation in Baird’s 2021 Global Consumer, Technology & Services Conference, which will take place virtually on June 10, 2021. This event showcases Oxford's role as a leader in the apparel industry, which includes well-known brands like Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®. Oxford has a significant history on the New York Stock Exchange, having traded under the symbol OXM since 1964. For more details, visit www.oxfordinc.com.
Oxford Industries, Inc. (NYSE: OXM) is set to release its fiscal first quarter financial results for the period ending May 1, 2021, on June 9, 2021, after market close. A conference call with senior management will follow at 4:30 p.m. ET to discuss the results. Investors can access the live webcast on the company's website, with a replay available until June 23, 2021. Oxford is renowned for its lifestyle brands like Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®.
On May 17, 2021, Southern Tide announced a partnership with Rheos Nautical Eyewear, launching their first eyewear collection, the Rheos x Southern Tide Signature Series. This collaboration combines Southern Tide's heritage in apparel with Rheos' expertise in floating sunglasses. The collection includes styles for men, women, and unisex options starting at $78, featuring 100% UV protection and polarized lenses. It aims to enhance the coastal lifestyle experience for active customers, bridging style and functionality. The collection became available on both brands' websites and select retailers.
On April 6, 2021, Tommy Bahama launched its limited-edition men's fragrance, Maritime Triumph, which can be found in stores and on their website starting in April, with nationwide availability in May. This vibrant scent embodies themes of adventure and masculinity, featuring notes like Bergamot, Mandarin, and Cashmere Woods. The packaging reflects a nautical theme, enhancing the brand's island lifestyle image. Available for $82, Maritime Triumph is part of Tommy Bahama's broader collection that emphasizes a luxurious, relaxed lifestyle.
Oxford Industries, Inc. (NYSE: OXM) reported a consolidated net sales decrease of 26% in Q4 FY2020, totaling $221 million, compared to $298 million in Q4 FY2019. For FY2020, net sales fell 33% to $749 million. The company experienced a GAAP loss of $0.74 per share in Q4 and $5.77 for the full year. The company highlighted a strong liquidity position with $66 million in cash and no debts. Despite challenges, OXM plans to restore its dividend to $0.37 per share, a 48% increase. For FY2021, OXM anticipates net sales between $940 million and $980 million, signalling a recovery.