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Oxford Industries Inc Q1 Profit Drops, Inline With Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Oxford Industries Inc (OXM) revealed earnings for first quarter that decreased from last year in line with the Street estimates.

The company's earnings came in at $26.18 million, or $1.70 per share. This compares with $38.37 million, or $2.42 per share, last year.

Excluding items, Oxford Industries Inc reported adjusted earnings of $28 million or $1.82 per share for the period.

Analysts on average had expected the company to earn $1.82 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 1.3% to $392.861 million from $398.184 million last year.

Oxford Industries Inc earnings at a glance (GAAP) :

-Earnings: $26.18 Mln. vs. $38.37 Mln. last year.
-EPS: $1.70 vs. $2.42 last year.
-Revenue: $392.861 Mln vs. $398.184 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.05 - $1.25
Next quarter revenue guidance: $395 - $415 Mln
Full year EPS guidance: $2.80 - $3.20
Full year revenue guidance: $1.475 - $1.515 Bln

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