Edition:
United Kingdom

Oxford Industries Inc Reports Q1 Results


Wednesday, 12 Jun 2019 

June 12 (Reuters) - Oxford Industries Inc ::OXFORD: OWNER OF TOMMY BAHAMA, LILLY PULITZER AND SOUTHERN TIDE REPORTS FIRST QUARTER FISCAL 2019 RESULTS.SEES Q2 2019 ADJUSTED EARNINGS PER SHARE $1.80 TO $1.90.SEES Q2 GAAP EARNINGS PER SHARE $1.79 TO $1.89.SEES FY 2019 GAAP EARNINGS PER SHARE $4.42 TO $4.62.Q1 ADJUSTED EARNINGS PER SHARE $1.30.Q1 GAAP EARNINGS PER SHARE $1.29.Q1 SALES $282 MILLION VERSUS REFINITIV IBES ESTIMATE OF $276.8 MILLION.Q1 EARNINGS PER SHARE ESTIMATE $1.21 -- REFINITIV IBES DATA.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $4.45 TO $4.65.QTRLY CONSOLIDATED COMPARABLE SALES INCREASE 2%.AFFIRMS FULL-YEAR GUIDANCE."PROPOSED CHINA TARIFFS HAVE CREATED SOME NEAR-TERM UNCERTAINTY IN MARKETPLACE".INVENTORY WAS $157.2 MILLION AT MAY 4, 2019 COMPARED TO $132.3 MILLION AT END OF Q1 OF FISCAL 2018.FOR Q2 OF FISCAL 2019 EXPECTS NET SALES TO BE BETWEEN $300 MILLION AND $310 MILLION.OXFORD INDUSTRIES - CO'S Q3 EXPECTED TO REMAIN SMALLEST SALES & EARNINGS QUARTER DUE TO SEASONALITY OF TOMMY BAHAMA, LILLY PULITZER DIRECT TO CONSUMER OPERATIONS.EXPECTS Q3 EARNINGS TO BE COMPARABLE TO Q3 OF FISCAL 2018.EXPECTS TO SEE MEANINGFUL EARNINGS GROWTH IN Q4.CAPITAL EXPENDITURES IN FISCAL 2019 ARE EXPECTED TO BE BETWEEN $45 MILLION AND $50 MILLION.OXFORD - "CONTINUES TO MITIGATE RISKS FROM POTENTIAL TARIFF INCREASES ON APPAREL, RELATED PRODUCTS MADE IN CHINA BY SHIFTING PRODUCTION OUT OF CHINA". 

Company Quote

69.5
-0.51 -0.73%
18 Jul 2019