Oxford Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2023
August 31, 2023 at 04:05 pm
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Oxford Industries, Inc. reported earnings results for the second quarter and six months ended July 29, 2023. For the second quarter, the company reported sales was USD 420.32 million compared to USD 363.43 million a year ago. Net income was USD 51.45 million compared to USD 56.61 million a year ago. Basic earnings per share from continuing operations was USD 3.31 compared to USD 3.56 a year ago. Diluted earnings per share from continuing operations was USD 3.22 compared to USD 3.49 a year ago.
For the six months, sales was USD 840.42 million compared to USD 716.01 million a year ago. Net income was USD 109.99 million compared to USD 114.02 million a year ago. Basic earnings per share from continuing operations was USD 7.06 compared to USD 7.07 a year ago. Diluted earnings per share from continuing operations was USD 6.86 compared to USD 6.94 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. 
