Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Johnny Was Reports First-Quarter Results

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 ...