earnings
confidence high
sentiment negative
materiality 0.75
Oxford Industries Q4 GAAP loss $3.85 on $114M impairment; FY sales $1.57B, raises dividend 3%
OXFORD INDUSTRIES INC
2023-FY EPS reported
$3.82
revenue$1,571,475,000
- Full-year sales up 11% to $1.57B; GAAP EPS $3.82 (down 63%) due to $114M noncash impairment charge against Johnny Was.
- Q4 net sales up 6% to $404M; adjusted EPS $1.90 (down from $2.28 YoY).
- Board declares quarterly dividend $0.67/share, a 3% increase; payable May 3, 2024.
- FY2024 guidance: sales $1.630-$1.670B, adjusted EPS $9.30-$9.70 (down from $10.15 in FY2023).
- Q1 FY2024 sales expected $395-$415M (down from $420M); adjusted EPS $2.60-$2.80 (down from $3.78).