OXFORD INDUSTRIES POSTS BETTER THAN EXPECTED EARNINGS
Oxford Industries Inc., the Atlanta-based owner of such companies as Tommy Bahama and Lilly Pulitzer, reported better-than expected fiscal fourth-quarter earnings.
The company’s adjusted earnings were $1.09 share, based on a profit of $17.5 million. Its revenue of $259.6 million, which was a 4.3% gain over last year, but still lower than some analysts’ expectations.
For its fiscal, year, the company reported profit of $30.6 million, or $1.85 per share, and revenue of $969.3 million.
Oxford Industries now expects its first quarter per-share earnings to range from $1.30 to $1.40, based on revenue in the range of $265 million to $275 million, and fiscal 2017 earnings to be in the 3.75 to $3.95 range.
The company’s stock closed on Tuesday at 72.58, significantly below its 12-month high.
