Financial Data and Key Metrics Changes - The company reported a 36% year-over-year decrease in sales for Q2 2020, driven by lower sales in retail, restaurant, and wholesale channels, partially offset by a 52% increase in e-commerce sales [21][7] - Gross margin decreased to 55% from 60% in the same quarter last year, attributed to more promotional activities and inventory markdowns [22] - The company ended the quarter with a strong liquidity position, having over $30 million in net cash and over $250 million available under its credit facility [20][25] Business Line Data and Key Metrics Changes - E-commerce sales increased by 52% year-over-year, with Lilly Pulitzer showing a remarkable 142% growth [7][8] - The wholesale channel, which represented approximately 30% of revenue in 2019, saw sales in Q2 drop to less than half of the previous year's figures [17] - The company plans to close approximately 10 underperforming locations by the end of 2020, while also opening new Marlin bars [13][14] Market Data and Key Metrics Changes - Key markets such as Hawaii, Las Vegas, and New York City faced significant challenges due to travel restrictions and reduced tourist traffic [11][55] - Conversely, drive-to markets like Destin, Florida, and Palm Springs showed strong performance as consumers opted for local vacations [56] Company Strategy and Development Direction - The company is focusing on enhancing its digital capabilities and e-commerce strategy, believing that the shift to online shopping will continue post-pandemic [10][6] - The management is selectively pruning underperforming locations while also exploring new store openings, particularly for the Marlin bar concept [12][14] - The company aims to return to growth and resume its long-term track record of generating increased shareholder value in 2021 and beyond [20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the pandemic but expressed optimism about the company's ability to adapt and thrive in the current environment [6][20] - The outlook for Q3 suggests a continued decline in brick-and-mortar traffic, with expectations for revenue to decline at a rate similar to Q2 [26] - For 2021, the company plans to approach the year conservatively, anticipating a smaller starting point than 2019 but on a growth trajectory [42] Other Important Information - The company incurred $10 million in adjusted losses related to credit losses and inventory markdowns during the quarter [23] - The company declared a quarterly dividend of $0.25 per share, emphasizing its commitment to shareholders [27] Q&A Session Summary Question: Inventory health and markdown risk - Management indicated that inventory levels are slightly higher than ideal but properly marked down, with Tommy Bahama's inventory expected to return below last year's levels [30][31] Question: E-commerce acceleration permanence - Management believes the shift to e-commerce is likely to be long-term, with expectations for e-commerce to be a significantly larger portion of the business in 2021 compared to 2019 [38][39] Question: Outlook for 2021 - Management plans conservatively for 2021, expecting it to be smaller than 2019 but on a growth trajectory [42] Question: Performance across geographies - Hawaii is currently shut down due to travel restrictions, while drive-to markets like Destin and Palm Springs are performing well [55][56] Question: Promotional environment in Q3 - Management plans a smaller flash sale for Lilly in Q3 compared to previous years, with an overall strategy to manage inventories without being highly promotional [60]

Oxford Industries, Inc. (NYSE:OXM) Q1 2020 Earnings Conference Call June 10, 2020 4:30 PM ET Company Participants Anne Shoemaker - VP, Capital Markets & Treasurer Thomas Chubb - Chairman, CEO & President Scott Grassmyer - EVP, Finance, CFO & Controller Conference Call Participants Rakesh Patel - Needham & Company Edward Yruma - KeyBanc Capital Markets Susan Anderson - B. Riley FBR Steven Marotta - CL King & Associates Dana Telsey - Telsey Advisory Group Operator Greetings, and welcome to Oxford Industries F ...

Oxford K AL 2019 RESULTS FISC CONSOLIDATED REVENUE Retail 39% $1.13B GROSS MARGIN 57.4% / 57.6%ADJ OPERATING MARGIN 8.3% / 8.8% ADJ EPS $4.05 / $4.32 ADJ E-Commerce 23% Restaurant 8% Tommy Bahama 60% Lilly Pulitzer 25% Lanier Apparel 9% Southern Tide 4% Wholesale 30% O TLO U AL 2020 O FISC DUE TO THE UNCERTAINTY CREATED BY THE COVID-19 PANDEMIC, THE COMPANY IS NOT PROVIDING A FINANCIAL OUTLOOK FOR FISCAL 2020 AT THIS TIME | --- | --- | |-----------------------|-------------------| | | | | OWNED BRANDS | | | ...

Oxford Industries, Inc. (NYSE:OXM) Q4 2019 Earnings Conference Call March 26, 2020 4:30 PM ET Company Participants Anne Shoemaker - Treasurer Tom Chubb - Chairman and CEO Scott Grassmyer - CFO Conference Call Participants Tracy Kogan - Citi Rick Patel - Needham & Company Ed Yruma - KeyBanc Capital Markets Susan Anderson - B. Riley FBR Operator Greetings and welcome to the Oxford Industries Fourth Quarter 2019 Earnings Call. [Operator Instructions] I would now like to turn the conference over to your host, A ...

Oxford Industries, Inc. (NYSE:OXM) Q3 2019 Earnings Conference Call December 11, 2019 4:30 PM ET Company Participants Anne Shoemaker - Treasurer Tom Chubb - Chairman, President and Chief Executive Officer Scott Grassmyer - Executive Vice President, Finance, Chief Financial Officer and Controller Conference Call Participants Susan Anderson - B. Riley Edward Yruma - KeyBanc Capital Markets Rick Patel - Needham & Company Steve Marotta - C.L. King & Associates Operator Greetings, welcome to the Oxford Industrie ...