Shares of apparel manufacturer, Oxford Industries, Inc. (OXM) are down more than 5% Friday morning despite improved quarterly results. Net earnings in the second quarter increased to $56.61 million or $3.49 per share from $51.46 million or $3.05 per share last year.
On an adjusted basis, EPS was $3.61 .
Sales in the quarter increased 11% to $363 million compared to $329 million in the second quarter of fiscal 2021.
For fiscal 2022, the company raised its previously issued guidance. Oxford Industries now expects net sales in a range of $1.300 billion-$1.325 billion as compared to net sales of $1.142 billion in fiscal 2021.
Adjusted EPS is expected to be between $9.85 and $10.10. This compares with adjusted EPS of $7.99 in fiscal 2021.
For the third quarter, the company expects net sales to be between $270 million and $280 million compared to net sales of $248 million in the third quarter of fiscal 2021.
EPS for the third quarter is expected to be in a range of $0.90 to $1.05. This compares with EPS of $1.19 on an adjusted basis in the third quarter of fiscal 2021.
OXM is at $97.10 currently. It has traded in the range of $76.21-$119.50 in the last 1 year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.