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Oxford Industries, Inc. reports developments tied to its portfolio of lifestyle apparel brands, including Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company, Duck Head and Jack Rogers. The company designs, sources, markets and distributes branded apparel and related products through reportable businesses that include Tommy Bahama, Lilly Pulitzer, Johnny Was and Emerging Brands.
Recurring news focuses on quarterly and full-year results, fiscal guidance, comparable sales trends, brand performance, tariff and supply-chain conditions, store openings, distribution capacity, dividends and share repurchases. Company updates also address investor conference presentations, retail traffic and conversion trends, impairment charges, borrowings and capital expenditures within Oxford's branded consumer portfolio.
Oxford Industries, Inc. (NYSE:OXM) reported a consolidated net sales decrease of 36% to $192 million for Q2 fiscal 2020, impacted by the COVID-19 pandemic. The company incurred a loss of $0.37 per share, contrasting with earnings of $1.76 in Q2 fiscal 2019. Despite challenges, e-commerce sales surged by 52%, with Lilly Pulitzer seeing a remarkable 142% growth. The Board declared a quarterly dividend of $0.25 per share. Although liquidity remains strong with $97 million in cash, the company expects continued revenue declines in Q3 and uncertainty regarding fiscal 2020 guidance.
Oxford Industries, Inc. (NYSE: OXM) is set to report its fiscal second quarter financial results for the period ending August 1, 2020, on September 3, 2020, after market close. A conference call led by senior management will follow at 4:30 p.m. ET, where they will discuss the results in detail. Investors can access a live webcast of this call on the company's website, and a replay will be available until September 17, 2020.
Oxford Industries, Inc. (NYSE: OXM) reported a dramatic decline in its first quarter fiscal 2020 results due to the COVID-19 pandemic. Consolidated net sales fell 43% to $160 million from $282 million the previous year. The company experienced a GAAP loss of $4.02 per share, including a $60 million impairment charge. E-commerce grew by 12%, partially offsetting losses in retail and wholesale. The company has drawn down $200 million from its credit facility to maintain liquidity, holding $182 million in cash as of May 2, 2020. Due to uncertainty, no financial outlook for fiscal 2020 was provided.
Oxford Industries, Inc. (NYSE: OXM) will report its first-quarter fiscal 2020 results on June 10, 2020, after market close. The company will conduct a conference call at 4:30 p.m. ET to discuss the financial outcomes. A live webcast of the call will be accessible on Oxford's website, and a replay will be available until June 24, 2020. Oxford is known for its lifestyle brands, including Tommy Bahama®, Lilly Pulitzer®, and Southern Tide®. The company has been listed on the New York Stock Exchange since 1964.