| --- | --- | |-------|---------------------------| | | | | | | | | | | | | | | Investor | | | Highlights March 23, 2022 | | --- | --- | --- | |-----------------------------------------|-------|-------| | | | | | We own brands that make people happy | | | | | | | | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | Investment | | | | | | Highl ...

Oxford Industries, Inc. (NYSE:OXM) Q4 2021 Results Conference Call March 23, 2022 4:30 PM ET Company Participants Jevon Strasser - Investor Relations Tom Chubb - Chairman & Chief Executive Officer Scott Grassmyer - Chief Financial Officer Anne Shoemaker - Treasurer Conference Call Participants Susan Anderson - B. Riley Steve Marotta - CL King & Associates Dana Telsey - Telsey Advisory Group Tracy Kogan - Citigroup Operator Greetings. Welcome to the Oxford Industries, Inc. Fourth Quarter Fiscal 2021 Earnings ...

OXFORD Investor Highlights December 8, 2021 NYSE: OXM | --- | --- | --- | |-----------------------------------------|-------|-------| | | | | | We own brands that make people happy | | | | | | | | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | Investment | | | | | | Highlights | | | | | | | | | | | | | | | | | | Portfolio of high-margin lifestyle brands Significant opportunity for profita ...

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 30, 2021 or (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: ☐ 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 OX ...

Oxford Industries, Inc. (NYSE:OXM) Q3 2021 Earnings Conference Call December 8, 2021 4:30 PM ET Company Participants Anne Shoemaker - Investor Relations Tom Chubb - Chairman & Chief Executive Officer Scott Grassmyer - Chief Financial Officer Conference Call Participants Ed Yruma - KeyBanc Tracy Kogan - Citigroup Susan Anderson - B. Riley Steve Marotta - CL King & Associates Operator Greetings. Welcome to the Oxford Industries, Inc. Third Quarter Fiscal 2021 Earnings Conference Call. At this time, all partic ...

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 31, 2021 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 juri ...

Financial Performance - The company projects FY21 revenue between $1085 billion and $1105 billion[5] - GAAP EPS is projected between $603 and $628 for FY21[5] - Adjusted EPS is projected between $645 and $670 for FY21[5] - In H1 21, the company reported revenue of $594 million compared to $352 million in H1 20 and $584 million in H1 19[5] - H1 21 GAAP EPS was $475 compared to ($440) in H1 20 and $305 in H1 19[5] - H1 21 Adjusted EPS was $513 compared to ($150) in H1 20 and $313 in H1 19[5] Revenue Breakdown (Projected FY21) - Tommy Bahama is projected to account for 64% of FY21 revenue[5] - Lilly Pulitzer is projected to account for 26% of FY21 revenue[5] - Southern Tide is projected to account for 5% of FY21 revenue[5] - Lanier Apparel is projected to account for 2% and Other for 3% of FY21 revenue[5] Revenue by Distribution Channel (Projected FY21) - Retail is projected to account for 38% of FY21 revenue[5] - E-Commerce is projected to account for 32% of FY21 revenue[5] - Wholesale is projected to account for 21% of FY21 revenue[5] - Restaurant is projected to account for 9% of FY21 revenue[5]

Oxford Industries, Inc. (NYSE:OXM) Q2 2021 Earnings Conference Call September 2, 2021 4:30 PM ET Company Participants Anne Shoemaker - Investor Relations Tom Chubb - Chairman and Chief Executive Officer Scott Grassmyer - Chief Financial Officer Conference Call Participants Tracy Kogan - Citigroup Susan Anderson - B. Riley Ed Yruma - KeyBanc Steve Marotta - CL King & Associates Dana Telsey - Telsey Advisory Group Operator Greetings. Welcome to the Oxford Industries, Inc. Second Quarter Fiscal 2021 Earnings C ...

[PART I. FINANCIAL INFORMATION](index=5&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=5&type=section&id=Item%201.%20Financial%20Statements) The company reported a significant turnaround in Q1 2021, with net earnings of **$28.5 million** compared to a net loss of **$66.8 million** in Q1 2020, driven by a **66% increase** in net sales as operations recovered from the COVID-19 pandemic Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | May 1, 2021 | May 2, 2020 | | :--- | :--- | :--- | | **Total Current Assets** | $308,739 | $423,692 | | Property and equipment, net | $157,553 | $188,568 | | **Total Assets** | **$900,982** | **$1,097,470** | | **Total Current Liabilities** | $225,090 | $153,127 | | Long-term debt | $0 | $207,618 | | **Total Liabilities** | **$473,081** | **$658,775** | | **Total Shareholders' Equity** | $427,901 | $438,695 | Condensed Consolidated Statement of Operations Highlights (in thousands, except per share data) | Account | Q1 Fiscal 2021 | Q1 Fiscal 2020 | | :--- | :--- | :--- | | Net sales | $265,762 | $160,343 | | Gross profit | $166,585 | $94,074 | | Operating income (loss) | $34,893 | $(85,489) | | Net earnings (loss) | $28,468 | $(66,784) | | Diluted earnings (loss) per share | $1.70 | $(4.02) | Condensed Consolidated Statement of Cash Flows Highlights (in thousands) | Activity | Q1 Fiscal 2021 | Q1 Fiscal 2020 | | :--- | :--- | :--- | | Cash provided by (used in) operating activities | $41,005 | $(45,849) | | Cash used in investing activities | $(5,425) | $(8,591) | | Cash (used in) provided by financing activities | $(9,662) | $183,908 | | **Net change in cash and cash equivalents** | **$25,918** | **$129,468** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The financial statements are prepared under GAAP for interim reporting, detailing the significant impact of the COVID-19 pandemic, the ongoing exit from the Lanier Apparel business, and a favorable effective tax rate in Q1 2021 - The COVID-19 pandemic led to temporary closures of all retail and restaurant locations for about half of Q1 2020, though e-commerce saw strong growth, and while most locations have reopened, they continue to face reduced traffic and capacity limitations[22](index=22&type=chunk)[23](index=23&type=chunk) - The company is exiting its Lanier Apparel business, with the process expected to be completed in the second half of Fiscal 2021, and an additional **$1 million** in charges, primarily for severance and employee retention, were recognized in Q1 2021[47](index=47&type=chunk) - The effective income tax rate for Q1 2021 was **17.8%**, compared to a **22.5%** benefit in Q1 2020, favorably impacted by a **$2 million** reduction in uncertain tax positions and other items[39](index=39&type=chunk) Operating Income (Loss) by Segment (in thousands) | Operating Group | Q1 Fiscal 2021 | Q1 Fiscal 2020 | | :--- | :--- | :--- | | Tommy Bahama | $20,660 | $(23,362) | | Lilly Pulitzer | $19,945 | $4,146 | | Southern Tide | $3,253 | $(63,366) | | Lanier Apparel | $855 | $(2,637) | | Corporate and Other | $(9,820) | $(270) | | **Consolidated** | **$34,893** | **$(85,489)** | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes the strong Q1 2021 performance, with net sales up **65.7%** to **$265.8 million** and diluted EPS of **$1.70**, to the recovery from the COVID-19 pandemic, resulting in improved gross margin and a strong liquidity position with **$92 million** in cash and no debt Key Operating Results (in thousands, except per share data) | Metric | Q1 Fiscal 2021 | Q1 Fiscal 2020 | | :--- | :--- | :--- | | Net sales | $265,762 | $160,343 | | Operating income (loss) | $34,893 | $(85,489) | | Net earnings (loss) | $28,468 | $(66,784) | | Net earnings (loss) per diluted share | $1.70 | $(4.02) | - The improved Q1 2021 results were primarily due to the absence of the **$60 million** impairment charge seen in Q1 2020, higher sales and gross margin in all operating groups, and a favorable effective tax rate[69](index=69&type=chunk) - As of May 1, 2021, the company had **$92 million** in cash and cash equivalents with no borrowings outstanding and **$322 million** of unused availability under its U.S. Revolving Credit Agreement[119](index=119&type=chunk) [Results of Operations](index=24&type=section&id=RESULTS%20OF%20OPERATIONS) Q1 2021 net sales surged **65.7%** to **$265.8 million**, driven by recovery from pandemic-related closures, leading to a **400 basis point** expansion in gross margin to **62.7%** and a swing to a **$34.9 million** operating profit from an **$85.5 million** loss Consolidated Results of Operations (in thousands) | Line Item | Fiscal 2021 | % of Sales | Fiscal 2020 | % of Sales | $ Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Net sales | $265,762 | 100.0% | $160,343 | 100.0% | $105,419 | | Gross profit | $166,585 | 62.7% | $94,074 | 58.7% | $72,511 | | SG&A | $137,125 | 51.6% | $123,001 | 76.7% | $14,124 | | Operating income (loss) | $34,893 | 13.1% | $(85,489) | (53.3)% | $120,382 | Net Sales by Operating Group (in thousands) | Operating Group | Q1 Fiscal 2021 | Q1 Fiscal 2020 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Tommy Bahama | $156,698 | $86,984 | $69,714 | 80.1% | | Lilly Pulitzer | $73,576 | $49,149 | $24,427 | 49.7% | | Southern Tide | $15,466 | $8,301 | $7,165 | 86.3% | | Lanier Apparel | $12,019 | $10,725 | $1,294 | 12.1% | | **Consolidated** | **$265,762** | **$160,343** | **$105,419** | **65.7%** | [Financial Condition, Liquidity and Capital Resources](index=39&type=section&id=FINANCIAL%20CONDITION,%20LIQUIDITY%20AND%20CAPITAL%20RESOURCES) The company's financial condition strengthened significantly, ending Q1 2021 with **$92 million** in cash and no debt, compared to **$182 million** in cash and **$208 million** in debt a year prior, supported by **$41.0 million** in operating cash flow and **$322 million** in available credit Key Liquidity Measures (in thousands) | Metric | May 1, 2021 | May 2, 2020 | | :--- | :--- | :--- | | Working capital | $83,649 | $270,565 | | Working capital ratio | 1.37 | 2.77 | | Debt to total capital ratio | 0% | 32% | - The decrease in debt since May 2, 2020 was due to the repayment of all outstanding borrowings using cash on hand and cash flow from operations, as the company had previously borrowed funds as a precautionary measure during the COVID-19 pandemic[123](index=123&type=chunk) - Cash from operating activities was **$41.0 million** in Q1 2021, a significant improvement from a **$45.8 million** use of cash in Q1 2020, primarily driven by the swing from a net loss to net earnings[134](index=134&type=chunk) - Anticipated capital expenditures for Fiscal 2021 are expected to be approximately **$35 million**[148](index=148&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company states that there have been no material changes in its exposure to market risks, including interest rate, foreign currency, commodity, and inflation risks, during the first quarter of Fiscal 2021 - There have not been any material changes in the company's exposure to interest rate, foreign currency, commodity, and inflation risks during the First Quarter of Fiscal 2021[156](index=156&type=chunk) [Controls and Procedures](index=33&type=section&id=Item%204.%20Controls%20and%20Procedures) Based on an evaluation conducted by management, including the principal executive officer and principal financial officer, the company concluded that its disclosure controls and procedures were effective as of the end of the first quarter of Fiscal 2021, with no material changes in internal control over financial reporting during the quarter - Management, including the CEO and CFO, evaluated disclosure controls and procedures and concluded they were effective as of the end of the reporting period (May 1, 2021)[157](index=157&type=chunk) - There were no changes in internal control over financial reporting during the first quarter of Fiscal 2021 that materially affected, or are reasonably likely to materially affect, internal controls[159](index=159&type=chunk) [PART II. OTHER INFORMATION](index=34&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=34&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal and regulatory actions in the ordinary course of business but is not currently a party to any proceedings expected to have a material impact on its financial position, results of operations, or cash flows - The company is not currently a party to any litigation or regulatory action that it believes could reasonably be expected to have a material impact on its financial position, results of operations or cash flows[160](index=160&type=chunk) [Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) The company states that its business is subject to numerous risks and directs investors to the detailed discussion of these risks in its Fiscal 2020 Form 10-K, with no new or materially changed risk factors presented in this quarterly report - Investors are advised to consider the risk factors discussed in the Fiscal 2020 Form 10-K, as they could materially affect the business, financial condition, or operating results[161](index=161&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company did not make any unregistered sales of equity securities during Q1 2021, but repurchased **33,787 shares** at an average price of **$88.30** per share from employees to cover tax liabilities related to stock award vesting, with **$32 million** remaining available under the public stock repurchase program - During Q1 Fiscal 2021, the company did not make any unregistered sales of equity securities[163](index=163&type=chunk) Share Repurchases in Q1 Fiscal 2021 | Fiscal Month | Total Number of Shares Purchased | Average Price Paid per Share (in USD) | | :--- | :--- | :--- | | February | - | $ - | | March | 33,787 | $88.30 | | April | - | $ - | | **Total** | **33,787** | **$88.30** | - As of May 1, 2021, **$32 million** remained available for future repurchases under the company's stock repurchase authorization[163](index=163&type=chunk) [Defaults Upon Senior Securities](index=35&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) None reported - None[164](index=164&type=chunk) [Mine Safety Disclosures](index=35&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) None reported - None[164](index=164&type=chunk) [Other Information](index=35&type=section&id=Item%205.%20Other%20Information) None reported - None[164](index=164&type=chunk) [Exhibits](index=35&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the CEO and CFO under Sections 302 and 906 of the Sarbanes-Oxley Act, and XBRL data files - Exhibits filed with this report include Section 302 and 906 certifications by the Principal Executive Officer and Principal Financial Officer[164](index=164&type=chunk)

Oxford Industries, Inc. (NYSE:OXM) Q1 2021 Results Conference Call June 9, 2021 4:30 PM ET Company Participants Anne Shoemaker - Treasurer Tom Chubb - Chairman & CEO Scott Grassmyer - CFO Conference Call Participants Edward Yruma - KeyBanc Capital Markets Tracy Kogan - Citigroup Susan Anderson - B. Riley Dana Telsey - Telsey Advisory Group Steve Marotta - CL King Operator Greetings, and welcome to the Oxford Industries, Inc., First Quarter Fiscal 2021 Earnings Conference Call. At this time, all participants ...