earnings
confidence high
sentiment negative
materiality 0.70
Oxford Q2 sales +16% to $420M; GAAP EPS $3.22; FY outlook cut on Maui fires
OXFORD INDUSTRIES INC
2023-Q2 EPS reported
$6.86
revenue$840,416,000
- Second-quarter net sales $420M, up 16% YoY; GAAP EPS $3.22 vs $3.49, adjusted EPS $3.45 vs $3.61.
- FY2023 sales guidance moderated to $1.570-1.600B; GAAP EPS $9.61-9.91, adjusted EPS $10.30-10.60.
- Maui wildfires expected to reduce H2 sales by ~$7M and EPS by ~$0.20; company has six locations on island.
- Quarterly dividend of $0.65/share declared, payable Oct 27, 2023 to holders of record Oct 13.
- Johnny Was contributed $52M sales in Q2; company completed $20M share repurchase at avg $102/share.