earnings
confidence high
sentiment negative
materiality 0.80
Oxford Industries Q1 sales down 5%, EPS misses; FY2024 guidance lowered
OXFORD INDUSTRIES INC
2024-Q1 EPS reported
$2.42
revenue$398,184,000
- Q1 net sales $398M, down 5% YoY; GAAP EPS $2.42 vs $3.64, adjusted EPS $2.66 vs $3.78.
- Tommy Bahama sales -5.8%, Lilly Pulitzer -9.3%, Johnny Was +3.5%; DTC full-price down 3%.
- FY2024 guidance lowered: sales $1.59-$1.63B, adjusted EPS $8.60-$9.00 (vs prior $10.15).
- Dividend declared $0.67/share, payable Aug 2 to holders of record July 19.
- CapEx expected ~$170M, including ~$90M for new Georgia distribution center.