Brief: Oxford Owner Of Tommy Bahama And Lilly Pulitzer Reports Record Second Quarter Earnings, Raises FY Guidance

Oxford Industries

01/09/2022 21:57

Sept 1 (Reuters) - Oxford Industries Inc  OXM.N :
    * OXFORD: OWNER OF TOMMY BAHAMA AND LILLY PULITZER REPORTS
RECORD
SECOND QUARTER EARNINGS, RAISES FULL YEAR GUIDANCE
    * Q2 GAAP EPS OF $3.49 AND ADJUSTED EPS OF $3.61
    * RAISES FULL-YEAR SALES AND EPS GUIDANCE
    * CONSOLIDATED NET SALES IN Q2 OF FISCAL 2022 INCREASED 11%
TO
$363 MILLION COMPARED TO $329 MILLION IN Q2 OF FISCAL 2021
    * COMPANY NOW EXPECTS 2022 NET SALES IN A RANGE OF $1.300
BILLION
TO $1.325 BILLION
    * IN FISCAL 2022, GAAP EPS IS EXPECTED TO BE BETWEEN $9.68
AND
$9.93
    * COMPANY EXPECTS Q3 NET SALES TO BE BETWEEN $270 MILLION
AND $280
MILLION
    * 2022 ADJUSTED EPS IS EXPECTED TO BE BETWEEN $9.85 AND
$10.10
    * GAAP AND ADJUSTED EPS ARE EXPECTED TO BE IN A RANGE OF
$0.90 TO
$1.05 IN Q3
    * CAPITAL EXPENDITURES IN FISCAL 2022 ARE EXPECTED TO BE
APPROXIMATELY $50 MILLION
    * Q2 EARNINGS PER SHARE VIEW $3.48, REVENUE VIEW $364.0
MILLION --
REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $9.88, REVENUE VIEW $1.30
BILLION
-- REFINITIV IBES DATA
    * Q3 EARNINGS PER SHARE VIEW $1.09, REVENUE VIEW $266.6
MILLION --
REFINITIV IBES DATA

Source text for Eikon:  ID:nGNX4QSR5f 
Further company coverage:  OXM.N