Oxford Industries, Inc. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year 2021
September 02, 2021 at 04:05 pm EDT
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Oxford Industries, Inc. provides earnings guidance for the third quarter and full fiscal year 2021. For the third quarter, the Company expects net sales to be between $220 million and $230 million compared to net sales of $175 million in the third quarter of fiscal 2020 and $241 million in the third quarter of fiscal 2019. The Company expects earnings per share on a GAAP basis in a range of $0.17 to $0.27 in the third quarter of fiscal 2021.
For the full fiscal year, the Company now expects net sales in a range of $1.085 billion to $1.105 billion as compared to sales of $1.12 billion in 2019. In fiscal 2021, GAAP earnings per share are expected to be between $6.03 and $6.28.
Oxford Industries, Inc. operates in the apparel industry, which owns and markets Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, The Beaufort Bonnet Company and Duck Head lifestyle brands. The Company distributes its products through its direct-to-consumer channels, consisting of its brand specific full-price retail stores, e-commerce Websites and outlet stores, and its wholesale distribution channel, which includes sales to various specialty stores, signature stores, department stores, multi-branded e-commerce Websites and other retailers. Additionally, it operates Tommy Bahama food and beverage locations, including Marlin Bars and full-service restaurants, generally adjacent to a Tommy Bahama full-price retail store. Tommy Bahama designs, sources, markets, and distributes menâs and womenâs sportswear and related products. Lilly Pulitzer designs, sources, markets, and distributes upscale collections of womenâs and girlâs dresses, sportswear, and related products.
OXFORD INDUSTRIES, INC. 
