Oxford Industries Exceeds Expectations with Non-GAAP EPS of $1.01 and Revenue of $327M

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Oxford Industries ($NYSE:OXM), a publicly traded apparel, accessories and home furnishings company, has surpassed expectations for its Non-GAAP EPS of $1.01 and revenue of $327M. The EPS was forecasted at $0.95, while the revenue was expected to total $324.6M. This marks an impressive performance for the company, whose stock is listed on the New York Stock Exchange (NYSE). The company has grown to encompass several other lifestyle brands, including Tommy Bahama, Oxford Golf, C.J. Banks, and others. Oxford Industries also works with major retailers such as JCPenney, Kohl’s, and Macy’s to produce private label clothing.

Oxford Industries shifted their focus to e-commerce platforms, increased their marketing efforts, and improved their overall operational efficiency. These changes have allowed the company to maximize its profits and capitalize on the current demand for fashion apparel. The strong financial results of Oxford Industries reflect their commitment to providing quality products to customers and investors alike. This performance is expected to continue in the coming quarters as the company focuses on further expanding its portfolio and leveraging its global reach for continued success.

Earnings

OXFORD INDUSTRIES reported an impressive financial performance in its earning report for FY2024 Q2 as of July 31 2023, with total revenue reaching 420.32M USD and net income of 51.45M USD. Moreover, compared to the same financial period last year, OXFORD INDUSTRIES achieved a 0.0% decrease in total revenue and a 0.0% decrease in net income. This brings the total revenue of OXFORD INDUSTRIES to 420.32M USD in the last 3 years. The company’s impressive performance has been highly celebrated by industry analysts and investors alike.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Oxford Industries. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Oxford Industries. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Oxford Industries. More…

Key Ratios Snapshot

Some of the financial key ratios for Oxford Industries are shown below. More…

Stock Price

Investors responded positively to the news as OXFORD stock opened at $88.4 and closed at $91.4, up by 3.9% from the previous closing price of $87.9. The strong results suggest that OXFORD is well-positioned to continue its growth trajectory in the months ahead. The company has a diversified product portfolio and strong customer loyalty, both of which have contributed to its success.

In addition, the company has been able to maintain competitive pricing, while still providing a high-quality product and service. Looking ahead, OXFORD will strive to build upon its success by focusing on expanding its portfolio and enhancing customer engagement. The company is well-positioned to take advantage of the current market opportunities and is confident that it can deliver a strong performance in the year ahead. Live Quote…

Analysis

GoodWhale has conducted an analysis of OXFORD INDUSTRIES‘s wellbeing and have come up with a Star Chart that shows a high health score of 8/10 for the company. This score is indicative of OXFORD INDUSTRIES’s capability to pay off debt and fund future operations, as well as the company’s strong cashflows and debt management. Our analysis has also revealed that the company falls into the “gorilla” category, a type of company which we consider to have achieved stable and high revenue or earning growth due to its strong competitive advantage. Given OXFORD INDUSTRIES’s success in debt management, dividend payment, growth, profitability, and medium asset investment, investors may be interested in this company. In addition, the company’s strong competitive advantage makes it an attractive option for potential investors looking for long-term success and stability. More…

Peers

The Company operates in three segments: Retail, Direct-to-Consumer, and Wholesale. Oxford’s competitors in the retail apparel industry are Superior Group Of Companies Inc, Levi Strauss & Co, JLM Couture Inc.

– Superior Group Of Companies Inc ($NASDAQ:SGC)

Superior Group of Companies, Inc. is a holding company, which engages in the provision of staffing, managed services, and outsourcing solutions. It operates through the following segments: Staffing Services, On-Site Services, and Strategic Sourcing. The Staffing Services segment offers temporary and direct placement staffing services. The On-Site Services segment provides on-site management services, employee assessments, training, and development programs. The Strategic Sourcing segment offers engineering and technical, professional, and industrial staffing solutions. The company was founded by Richard J. Superior in 1957 and is headquartered in Milwaukee, WI.

– Levi Strauss & Co ($NYSE:LEVI)

Levi Strauss & Co. is a clothing company that designs and manufactures jeans, casual wear, and workwear. The company was founded in 1853 and is headquartered in San Francisco, California. As of 2022, Levi Strauss & Co has a market cap of $6.02 billion and a return on equity of 24.76%. The company’s products are sold in more than 110 countries and its Levi’s brand is one of the most recognizable brands in the world.

– JLM Couture Inc ($OTCPK:JLMC)

JLM Couture Inc is a bridal wear company that designs, manufactures, and sells wedding dresses and bridal accessories. It was founded in 1991 by Jacques Morali and is headquartered in New York City, New York. The company has a market cap of 4.24M as of 2022. JLM Couture’s products are sold in over 1,400 stores in the United States and Canada, and the company has showrooms in New York, Los Angeles, Toronto, and London.

Summary

This strong earnings report led to an increase in the stock price the same day. From an investing standpoint, Oxford Industries seems to be doing well, with strong earnings and revenue growth. This bodes well for investors looking to invest in the company and could signal more upside in the future.