Financial Performance - Consolidated net sales for Q1 fiscal 2024 decreased by 5% to $398 million compared to $420 million in Q1 fiscal 2023[2] - GAAP EPS for Q1 fiscal 2024 was $2.42, down from $3.64 in Q1 fiscal 2023; adjusted EPS was $2.66 compared to $3.78 in the prior year[2] - Net sales for Q1 2024 were $398.2 million, a decrease of 5.2% compared to $420.1 million in Q1 2023[26] - Gross profit for Q1 2024 was $258.4 million, down 6.1% from $275.1 million in Q1 2023[32] - Operating income for Q1 2024 decreased to $52.5 million, a decline of 34.7% from $80.3 million in Q1 2023[32] - Net earnings for Q1 2024 were $38.4 million, representing a 34.4% decrease from $58.5 million in Q1 2023[32] - Basic net earnings per share for Q1 2024 were $2.46, down from $3.75 in Q1 2023, reflecting a 34.4% decline[26] - Operating income for Q1 fiscal 2024 was $52 million, or 13.2% of net sales, down from $80 million, or 19.1% of net sales, in Q1 fiscal 2023[11] - Net earnings decreased by 30.8% to $42.1 million, with net earnings per diluted share at $2.66, down 29.6% from $3.78[33] Sales Performance - Tommy Bahama net sales decreased by 5.8% to $225.6 million, Lilly Pulitzer sales fell by 9.3% to $88.4 million, while Johnny Was sales increased by 3.5% to $51.2 million[4] - Full-price direct-to-consumer sales decreased by 3% to $257 million, while e-commerce sales decreased by 5% to $120 million[6] Guidance and Future Plans - The company revised its fiscal 2024 sales guidance to a range of $1.59 billion to $1.63 billion, compared to $1.57 billion in fiscal 2023[11] - Fiscal 2024 guidance for net earnings per diluted share is projected between $2.60 and $2.80, compared to $3.78 in the previous year[33] - The company plans to open approximately 25 new full-price stores by the end of fiscal 2024, including 4 new Tommy Bahama Marlin Bars[15] - The company plans to open additional retail locations, increasing the total Oxford store count to 322 by the end of Fiscal 2024[40] - Johnny Was full-price retail stores increased from 67 to 75 during Fiscal 2023, indicating a growth strategy in this segment[39] Expenses and Liabilities - SG&A expenses increased to $213.1 million in Q1 2024, up 4.9% from $203.1 million in Q1 2023[32] - Total current assets decreased to $298.4 million in Q1 2024 from $327.7 million in Q1 2023, a reduction of 8.9%[24] - Total liabilities decreased to $564.1 million in Q1 2024 from $586.4 million in Q1 2023, a decline of 3.8%[24] Capital Expenditures and Dividends - Capital expenditures for fiscal 2024 are expected to be approximately $170 million, significantly higher than $74 million in fiscal 2023[15] - The company declared a quarterly cash dividend of $0.67 per share, payable on August 2, 2024[10] - The company declared dividends of $0.67 per share in Q1 2024, compared to $0.65 per share in Q1 2023[26] Tax and Other Adjustments - The effective tax rate for Q1 fiscal 2024 increased to 25.6% from 24.9% in the prior year due to certain unfavorable discrete items[11] - The company reported LIFO adjustments impacting net earnings per share, with no estimates for future periods included in guidance[36] - Amortization of Johnny Was intangible assets was $0.13 per share, consistent with the previous year[34] - The gain on the sale of the Merida manufacturing facility was included in royalties and other operating income, contributing positively to the financials[35] - The company experienced a significant impairment charge related to Johnny Was, impacting net earnings per share in Fiscal 2023[38]

Consolidated net sales in the first quarter of fiscal 2024 decreased 5% to $398 million compared to $420 million in the first quarter of fiscal 2023. EPS on a GAAP basis was $2.42 compared to $3.64 in the first quarter of fiscal 2023. On an adjusted basis, EPS was $2.66 compared to $3.78 in the first quarter of fiscal 2023. Despite these near-term challenges, we still expect topline growth in all our brands, growth in all direct to consumer channels of distribution, and positive comps for the full year. We ...

ATLANTA, June 12, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its fiscal 2024 first quarter ended May 4, 2024. Consolidated net sales in the first quarter of fiscal 2024 decreased 5% to $398 million compared to $420 million in the first quarter of fiscal 2023. EPS on a GAAP basis was $2.42 compared to $3.64 in the first quarter of fiscal 2023. On an adjusted basis, EPS was $2.66 compared to $3.78 in the first quarter of fiscal 2023. Mr. Chubb concluded, ...

ATLANTA, May 29, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced that it plans to release its first quarter fiscal 2024 financial results after the market close on Wednesday, June 12, 2024. Following the news release, the company will also hold a conference call starting at 4:30 p.m. ET, hosted by Thomas C. Chubb lll, Chairman, Chief Executive Officer, and President, and K. Scott Grassmyer, Executive Vice President, Chief Financial Officer, and Chief Operating Officer, to discuss ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 3, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-4365 OXFORD INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Georgia 58-0831862 (State or other jurisdict ...

Oxford Industries, Inc. (NYSE:OXM) Q4 2023 Earnings Conference Call March 28, 2024 4:30 PM ET Corporate Participants Brian Smith - Investor Relations Tom Chubb - Chairman, President and Chief Executive Officer Scott Grassmyer - Executive Vice President, Chief Financial Officer and Chief Operating Officer Conference Call Participants Janine Stichter - BTIG Mauricio Serna - UBS Ashley Owens - KeyBanc Capital Markets Operator Good day and welcome to the Oxford Industries, Inc., Fourth Quarter, Fiscal 2023 Earn ...

EXHIBIT 99.1 Looking forward to 2024, our strong balance sheet and cash flows have us well positioned to invest further in future growth, which includes expansion of our bricks-and-mortar footprint, including 5 Marlin Bars, and enhancing the efficiency and capacity of our east coast distribution capabilities. While these investments combined with the persistence of a cautious consumer environment will put pressure on near-term EPS, we are excited to continue executing the initiatives that we have in place t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 28, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-4365 OXFORD INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Georgia 58-0831862 (Registrant's tel ...

Oxford Industries, Inc. (NYSE:OXM) Q3 2023 Results Conference Call December 6, 2023 4:30 PM ET Company Participants Brian Smith - IR Tom Chubb - Chairman and CEO Scott Grassmyer - CFO and COO Conference Call Participants Edward Yruma - Piper Sandler Ashley Owens - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Mauricio Serna - UBS Tracy Kogan - Citi Jeff Lick - B. Riley Financial Janine Stitcher - BTIG Operator Greetings. Welcome to Oxford Industries, Inc. Third Quarter Fiscal 2023 Earnings Con ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-4365 OXFORD INDUSTRIES, INC. (Address of principal executive offices) (Zip Code) (404) 659-2424 (Registrant's telephone num ...