OXFORD INDUSTRIES Reports Robust Earnings Results for FY2024 Q2
October 21, 2023
☀️Earnings Overview
OXFORD INDUSTRIES ($NYSE:OXM) reported their FY2024 Q2 earnings results, ending July 31 2023, on September 1 2023. Revenue for the quarter remained the same as the previous year at USD 420.3 million, while net income stayed static at USD 51.4 million.
Market Price
OXFORD INDUSTRIES reported robust earnings results for FY2024 Q2 on Friday, with its stock opening at $98.0 and closing at $102.1, up by 1.1% from last closing price of 101.0. This is reflective of a significant increase in OXFORD INDUSTRIES’ business and its ability to generate higher profits in the current period. The company’s strong performance was driven by a combination of factors. Its wide range of products and services, as well as its innovative marketing strategies, allowed it to capture larger market shares.
Additionally, OXFORD INDUSTRIES increased its focus on cost-cutting measures, which enabled it to maximize its profits during the period. Moreover, its investments in expansion and technological advancement played a key role in driving up its earnings. OXFORD INDUSTRIES invested heavily in new facilities and production lines, which allowed it to increase production capacity and reduce the cost of production. Additionally, the company invested in research and development to develop new products, as well as enhancing the quality of existing ones. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Oxford Industries. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 161.71 | 10.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Oxford Industries. More…
| Operations | Investing | Financing |
| 187.48 | -174.59 | -37.6 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Oxford Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.15k | 525.23 | 39.73 |
Key Ratios Snapshot
Some of the financial key ratios for Oxford Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.9% | 32.7% | 14.0% |
| FCF Margin | ROE | ROA |
| 8.4% | 21.9% | 11.7% |
Analysis
GoodWhale’s analysis of OXFORD INDUSTRIES shows it to be a strong company with strong fundamentals. Our star chart reveals that OXFORD INDUSTRIES is particularly strong in dividend, growth, profitability, and medium in asset. Additionally, its health score of 8/10 with regard to its cashflows and debt signals that it is capable to sustain future operations in times of crisis. We classify OXFORD INDUSTRIES as ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong fundamentals and classification as a ‘gorilla’ company, OXFORD INDUSTRIES may be attractive to investors seeking consistent and dependable growth such as institutional investors, family offices, high net worth individuals, and investing funds. 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
OXFORD INDUSTRIES reported their Q2 earnings results for FY2024, ended July 31 2023, on September 1 2023. Total revenue for the quarter was USD 420.3 million, with no change from the same period last year. Net income also remained flat year over year, totaling USD 51.4 million.
Investors should consider that although there was no growth in Q2 earnings, OXFORD INDUSTRIES may have potential as a long-term investment due to their sound financials and potential for future growth. It is also important to keep an eye on any new developments or changes in management that may affect the company’s performance in the future.
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