secwatch.observer — SEC 8-K summary
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Issuer:     OXFORD INDUSTRIES INC (OXM)
CIK:        0000075288
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0000075288-24-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxford Industries Q3 GAAP loss $0.25; cuts FY2024 guidance on hurricanes and weak consumer
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- Q3 net sales $308M, down 5.7% YoY; GAAP loss per share $0.25 (vs. earnings $0.68 prior year); adj. loss $0.11.
- Hurricanes in SE U.S. caused $4M lost sales and $0.14 EPS impact in Q3; additional $3M loss and $0.11 EPS expected in Q4.
- FY2024 guidance lowered: net sales $1.50-1.52B (FY2023: $1.57B); adj. EPS $6.50-6.70 (FY2023 adj. EPS $10.15).
- Quarterly dividend maintained at $0.67/share, payable Jan 31, 2025 to holders of record Jan 17, 2025.
- Capital expenditures expected ~$150M in FY2024, including $75M for new distribution center in Georgia.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75288/000007528824000080/0000075288-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75288/000007528824000080/oxm-20241211.htm
  HTML page:      https://secwatch.observer/filing/0000075288-24-000080

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