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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.