earnings
confidence high
sentiment positive
materiality 0.75
Oxford Industries reports record Q3 sales of $313M, raises FY2022 guidance
OXFORD INDUSTRIES INC
2022-Q3 EPS reported
$8.19
revenue$1,029,044,000
- Q3 sales up 26% to $313M; GAAP EPS $1.22, adjusted EPS $1.46 (record for Q3).
- Gross margin improved 160 bps to 63.2%; Tommy Bahama sales +20%, Lilly Pulitzer +16%.
- Johnny Was (acquired Sep 2022) contributed $23M in 6 weeks.
- FY2022 net sales guidance raised to $1.395-1.410B; adjusted EPS $10.60-10.75.
- Quarterly dividend $0.55; $100M share repurchase plan completed (1.1M shares at avg $90).