Oxford Industries Q1 sales +19% to $420M, EPS $3.64; cuts FY2023 guidance on cautious consumer

OXFORD INDUSTRIES INC

2023-Q1 EPS reported $3.64 revenue$420,097,000

Q1 GAAP EPS $3.64 (vs $3.45), adjusted EPS $3.78 (vs $3.50); net sales $420M, +19% YoY.
Gross margin +130bps to 65.5% GAAP (65.8% adj.); Johnny Was contributed $49.5M in first full quarter.
FY2023 net sales guidance revised to $1.59-1.63B; adjusted EPS $10.80-11.20 (FY2022: $10.88).
Q2 FY2023 guidance: net sales $415-435M, adjusted EPS $3.30-3.50 vs $3.61 prior year.
Quarterly dividend $0.65/share declared, payable July 28, 2023 to holders of record July 14.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OXFORD INDUSTRIES INC reported fiscal 2023 first quarter ended April 29, 2023 results: revenue $420 million, EPS $3.64. Guidance lowered.

Period: fiscal 2023 first quarter ended April 29, 2023
Revenue: $420 million
EPS: $3.64
Guidance: lowered
Result: reported results

Exact text from the filing

Consolidated net sales in the first quarter of fiscal 2023 increased 19% to $420 million compared to $353 million in the first quarter of fiscal 2022. EPS on a GAAP basis increased to $3.64 compared to $3.45 in the first quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0001171843-23-003819

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