Brief: Oxford Industries Announces Acquisition Of Johnny Was

Oxford Industries

19/09/2022 21:36

Sept 19 (Reuters) - Oxford Industries Inc  OXM.N :
    * OXFORD INDUSTRIES, OWNER OF TOMMY BAHAMA AND LILLY
PULITZER,
ANNOUNCES ACQUISITION OF JOHNNY WAS
    * OXFORD INDUSTRIES, OWNER OF TOMMY BAHAMA AND LILLY
PULITZER,
ANNOUNCES ACQUISITION OF JOHNNY WAS
    * INCREASING ITS GUIDANCE FOR Q3 AND FULL YEAR OF FISCAL
2022
    * Q3 SALES ARE NOW EXPECTED TO BE $295 MILLION TO $310
MILLION,
WITH ADJUSTED EPS OF $1.10 TO $1.30
    * HAS COMPLETED ACQUISITION OF JOHNNY WAS FOR $270 MILLION
    * OXFORD INDUSTRIES - COMPLETED ACQUISITION OF JOHNNY WAS, A
CALIFORNIA-BASED AFFORDABLE LUXURY, MODERN BOHEMIAN LIFESTYLE
APPAREL BRAND, FOR $270 MILLION
    * DEAL ACCRETIVE TO EARNINGS IN FISCAL 2022
    * FOR FULL YEAR, COMPANY EXPECTS SALES OF $1.375 BILLION TO
$1.405
BILLION
    * FOR FULL YEAR, COMPANY EXPECTS ADJUSTED EPS OF $10.25 AND
$10.60
    * Q3 EARNINGS PER SHARE VIEW $1.02, REVENUE VIEW $275.5
MILLION --
REFINITIV IBES DATA
    * OXFORD INDUSTRIES- DEAL FINANCED PRIMARILY BY CASH ON
HAND, WITH
REMAINING ABOUT $100 MILLION FUNDED WITH BORROWINGS UNDER CO'S
REVOLVING CREDIT FACILITY
    * FY2023 EARNINGS PER SHARE VIEW $10.02, REVENUE VIEW $1.31
BILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX1kBLzl 
Further company coverage:  OXM.N 

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