earnings
confidence high
sentiment positive
materiality 0.90
Oxford Industries Q2 record adj EPS $3.24, raises FY21 adj EPS guide to $6.45-$6.70
OXFORD INDUSTRIES INC
2021-Q2 EPS reported
$4.75
revenue$594,434,000
- Q2 net sales $329M (up 71% YoY); GAAP EPS $3.05, adj EPS $3.24 vs -$0.38 YoY.
- Raises FY21 rev guide to $1.085B-$1.105B; adj EPS $6.45-$6.70, GAAP $6.03-$6.28.
- Q2 gross margin 64.3% adj, up 450 bps vs 2019; all five brands had double-digit sales growth.
- Board declares $0.42/sh dividend payable Oct 29; $180M cash, no revolver borrowings.
- Pre-tax gain ~$11M on sale of minority stake in Q3 not included in outlook.