earnings
confidence high
sentiment positive
materiality 0.80
Oxford Industries posts record Q3; net sales up 3% vs 2019; raises full-year guidance
OXFORD INDUSTRIES INC
2021-Q3 EPS reported
$6.29
revenue$842,163,000
- Q3 GAAP EPS $1.54 (vs loss $0.64 YoY); adjusted EPS $1.19; record net sales $248M (+3% vs 2019).
- Raises FY21 guidance: revenue $1.127B-$1.137B; adjusted EPS $7.52-$7.67 (previously undisclosed).
- Board declares $0.42/share dividend payable Jan 28, 2022; share repurchase authorization increased to $150M.
- Liquidity $188M cash, no borrowings; gross margin 62% vs 55% in 2019; full-price DTC sales up 40% vs 2019.
- Tommy Bahama and Lilly Pulitzer drove results; Lanier Apparel effectively exited in Q3.