Oxford Industries Inc. (OXM) posted second quarter net income of $0.53 million or $0.03 per share, compared to $1.47 million or $0.09 per share in the year-ago period. Adjusted net earnings for the quarter was $0.30 per share, compared to $0.37 per share in the same quarter last year.
On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.07 per share. Analysts' estimates typically exclude special items.
Consolidated net sales were $192.9 million in the second quarter, compared to $230.5 million in the year-ago period. Four Wall Street analysts expected revenues of $189.91 million.
Looking forward, for the fiscal year 2009, the company expects net sales in the range of $765 million to $780 million. Adjusted net earnings per share is expected to range between $0.90 and $1.05.
The company also said its Board of Directors approved a cash dividend of $0.09 per share payable on October 30, 2009 to shareholders of record as of the close of business on October 15, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.