Core Viewpoint - Oxford Industries, Inc. is expected to report a decline in quarterly earnings and revenue in its upcoming financial results, with analysts maintaining a Market Perform rating and adjusting the price target downward [1][2]. Financial Performance - The company will release its fourth-quarter financial results on March 27, with expected earnings of $1.27 per share, down from $1.90 per share in the same period last year [1]. - Projected quarterly revenue is $383.94 million, compared to $404.43 million a year earlier [1]. Analyst Ratings - Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating for Oxford Industries and lowered the price target from $86 to $68 [2]. Dividend Information - Oxford Industries currently offers an annual dividend yield of 4.34%, translating to a quarterly dividend of 67 cents per share, or $2.68 annually [2]. - To achieve a monthly income of $500 from dividends, an investment of approximately $138,303 or around 2,239 shares is required [3]. - For a more modest monthly income of $100, an investment of $27,673 or around 448 shares is needed [3]. Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on changes in stock price and dividend payments [4][5]. - For example, if a stock pays an annual dividend of $2 and is priced at $50, the yield is 4%. If the price rises to $60, the yield drops to 3.33% [4]. Stock Performance - Shares of Oxford Industries gained 0.6% to close at $61.77 on Wednesday [5].

Group 1 - The performance of Oxford Industries has been significantly poor over the past year, indicating challenges within the North American branded apparel industry [1] - Other small-cap stocks have also experienced minimal movement, with discretionary stocks showing a decline [1]

Group 1 - Oxford Industries (OXM) shares increased by 7.5% to close at $60.98, following a notable trading volume, despite a 22.9% loss over the past four weeks [1] - The company is experiencing optimism due to improving consumer sentiment and new product launches, while focusing on expense control and operational improvements to stabilize margins [1] - The upcoming quarterly earnings are expected to be $1.28 per share, reflecting a year-over-year decline of 32.6%, with revenues projected at $385.7 million, down 4.6% from the previous year [2] Group 2 - The consensus EPS estimate for Oxford Industries has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Oxford Industries holds a Zacks Rank of 3 (Hold), similar to PVH, which closed 2.4% higher at $65.37 but has seen a -17.9% return in the past month [4] - PVH's consensus EPS estimate is $3.19, unchanged over the past month, representing a year-over-year change of -14.3% [5]

Group 1: Company Overview - Oxford Industries, Inc. is a leader in the apparel industry, owning brands such as Tommy Bahama®, Lilly Pulitzer®, and Johnny Was® [5] - The company has been publicly traded on the New York Stock Exchange since 1964 under the symbol OXM [5] Group 2: New Distribution Center - Oxford Industries has selected Exotec to automate a new 560,000+-square-foot distribution center in Lyons, Georgia [1][3] - The facility is designed to process over 20 million units annually, making it Exotec's largest and most intricate robotic deployment to date [2] - The new center will enhance productivity and support the ongoing business growth of Oxford Industries [1][3] Group 3: Automation Technology - The Next Generation Skypod system will consist of over 450,000 storage locations and more than 450 robots, serving as the picking engine for the warehouse [2] - Exotec's system will integrate hardware and software with third-party machinery to provide end-to-end warehouse automation, including receiving, sorting, and packing [2] - The automation will streamline the returns process, significantly reducing time and labor for inspecting, sorting, and storing returned items [2] Group 4: Strategic Importance - The new facility is expected to open in late 2025 and will play a critical role in supporting Oxford Industries' future operations [3] - The location offers convenient access to Southeastern U.S. ports, enhancing direct-to-consumer throughput capabilities for the brands [3]

Company Announcement - Oxford Industries, Inc. plans to release its fourth quarter fiscal 2024 financial results after the market close on March 27, 2025 [1] - A conference call will be held at 4:30 p.m. ET on the same day, hosted by the CEO and CFO to discuss the financial results [1] Webcast Information - A live webcast of the conference call will be available on the company's website [2] - A replay of the webcast will be accessible through April 10, 2025, both on the website and via phone [2] Company Overview - Oxford is a leader in the apparel industry, owning brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was [3] - The company's stock has been traded on the New York Stock Exchange since 1964 under the symbol OXM [3]

Group 1 - Oxford Industries, Inc. will present at the ICR Conference 2025 on January 14, 2025, at 8:30 a.m. Eastern Time [1] - The presentation will be accessible via webcast on the Oxford website [1] - Oxford Industries is a leader in the apparel industry, owning several lifestyle brands including Tommy Bahama®, Lilly Pulitzer®, and others [2] Group 2 - Oxford's stock has been traded on the New York Stock Exchange since 1964 under the symbol OXM [2] - For further information, the company can be contacted through their investor relations email [3]

Company Performance - Oxford Industries (OXM) reported a worsening comparable sales downtrend in 3Q24, affecting its three major brands: Tommy Bahama, Lilly Pulitzer, and Johnny Was [2] - The company has reduced its guidance again, despite expecting a sequential improvement [2] Investment Strategy - The analysis focuses on long-only investment, evaluating companies from an operational, buy-and-hold perspective [2] - The approach emphasizes understanding long-term earnings power and competitive dynamics rather than market-driven price actions [2] - Most recommendations are holds, with only a small fraction of companies considered buys at any given time [2]

Group 1 - Oxford Industries, Inc. reported a challenging quarter with a Non-GAAP EPS of -$0.11, missing expectations by $0.20 [1] - The company's revenue for the quarter was $308 million, which fell short of estimates by $8.83 million [1]

Core Insights - Oxford Industries reported a surprising loss in the third quarter, with revenue declining due to inflation and the impact of hurricanes on consumer demand [1][2] - The company has cut its full-year guidance, anticipating lower sales and adjusted profit compared to previous estimates [1][3] Financial Performance - Oxford posted a third-quarter adjusted loss of $0.11 per share, while analysts expected a profit of $0.09 per share [2] - Revenue fell nearly 6% year-over-year to $308.0 million, which was below forecasts [2] - Sales at Tommy Bahama dropped 5.2% to $161.3 million, Lilly Pulitzer sank 8.5% to $69.8 million, and Johnny Was fell 6.1% to $46.1 million [2] Management Commentary - CEO Tom Chubb attributed the results to high inflation and distractions from U.S. elections, leading to tentative consumer spending [3] - Hurricanes Helene and Milton caused an estimated $4 million in lost sales, contributing to a $0.14-per-share profit decline [3] Revised Outlook - The company now expects full-year sales of $1.50 billion to $1.52 billion, down from a previous estimate of $1.51 billion to $1.54 billion [3] - Adjusted profit is anticipated to be between $6.50 and $6.70 per share, compared to the earlier outlook of $7.00 to $7.30 [3]

Financial Data and Key Metrics - Q3 2024 consolidated net sales were $308 million, down from $327 million in Q3 2023, below the guidance range of $310-325 million [30] - Adjusted net loss per share was $0.11, below guidance, with a $0.14 negative impact from hurricanes [11][12] - Adjusted gross margin contracted 100 basis points to 63% due to higher promotional sales [33] - Adjusted SG&A expenses increased 5% to $201 million, driven by new store openings and hurricane-related costs [34][35] - Adjusted operating loss was $3 million (negative 1.1% margin) compared to a $21 million profit (6.6% margin) in Q3 2023 [36] Business Line Performance - Full-price brick-and-mortar sales down 6%, e-commerce down 11%, while food & beverage and outlet sales increased 4% and 3% respectively [32] - Wholesale channel sales down 2%, with specialty stores struggling but department store sales improving [33] - Tommy Bahama's Indigo Palms denim and Luxe sweaters performed well, driving higher gross margins and average order values [21][23] - Lilly Pulitzer's whimsical products like the Ellery sweater and items with bows/sequins saw strong demand [24] Market Performance - Southeastern US, particularly Florida, was heavily impacted by hurricanes, with $4 million in lost sales and significant cleanup costs [9][11][31] - Post-election, consumer sentiment improved, leading to better comp store sales in November and a strong Thanksgiving weekend [18][20] - Outlet stores and food & beverage locations outperformed full-price stores, reflecting consumer preference for value-oriented channels [32][42] Strategy and Industry Competition - Company continues to invest in new stores, Marlin Bars, distribution centers, and technology despite short-term headwinds [17] - Focus on premium, full-price strategy remains a long-term competitive strength, though it poses challenges in the current promotional environment [10][11] - Plans for 2025 include stabilizing and expanding operating margins through better expense control and leverage [25][26] Management Commentary on Environment and Outlook - Management noted a challenging consumer environment due to high inflation, election distractions, and hurricane impacts [7][9][29] - Encouraged by improving sales trends and strong wholesale bookings for 2025 [26][75] - Revised full-year 2024 sales forecast to $1.5-1.52 billion, a 3-4% decline from 2023, with low to mid-single-digit declines in major brands [41][42] - Expects Q4 2024 sales of $375-395 million, with flat gross margins and low single-digit SG&A growth [45][46] Other Important Information - Company opened 12 net new retail locations in Q3, bringing total store count to 342 [17] - Lyons, Georgia distribution center project is a significant capital expenditure, expected to enhance direct-to-consumer capabilities [47] - Jack Rogers brand, acquired in Q4 2023, is expected to generate a $2.5 million operating loss in 2024 [43] Q&A Summary Question: Store comp improvements in Q4 and holiday performance [52] - All brands improved sequentially post-election, with Lilly slightly positive and others in low single-digit negative range [53][54] Question: Wholesale order book for resort season and newness strategy [55] - Resort wholesale selling is strong, with some reorders for at-once delivery, though Q4 wholesale sales are expected to be down [56][57] - Early 2025 bookings are encouraging, with strong performance on wholesale floors [58][59] Question: Tariff uncertainty and sourcing strategy [63] - Company has exposure to China but no exposure to Mexico, with plans to move some production out of China and share tariff costs with vendors if necessary [64][65][66] Question: Promotional activity during holiday season [68] - Promotional activity started earlier this year, with more business done during promotional events, particularly in Lilly [69][70] Question: 2025 operating margin improvement and Marlin Bar economics [74] - Focus for 2025 is on improving operating margins through expense management and leverage [75][76] - Marlin Bars are efficient, with food & beverage locations averaging twice the sales per square foot of standalone stores [78][79] Question: Q4 gross margin improvement drivers [81] - Higher mix of direct-to-consumer sales and better inventory positioning are driving Q4 gross margin improvement [82] Question: Full-price sales percentage and outlet performance [85] - Proportion of sales during promotional events has increased, impacting margins [87] - Outlet stores account for around 20% of business, with strong performance driven by both traffic and conversion [88][89] Question: Promotional sales performance [90] - Higher promotional sales mix is due to both weaker full-price sales and better-than-expected performance during promotional events [91]