Overview
- Oxford Industries reported a GAAP loss of $7.1 million, or $0.48 per share, on $374.5 million in revenue in its fiscal fourth quarter.
- The result missed a small Zacks consensus that called for a $0.05 profit per share, and the adjusted figure was a $0.09 loss per share.
- For the full fiscal year, the owner of Tommy Bahama, Lilly Pulitzer, and Southern Tide recorded a $27.9 million loss on $1.48 billion in sales.
- Guidance points to $1.20 to $1.30 in earnings per share and $385 million to $395 million in revenue for the current quarter, with full-year EPS projected at $2.10 to $2.70.
- After the report, shares traded higher and analysts at Telsey and Truist maintained neutral ratings while cutting price targets to $36 and $32, respectively.