Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Johnny Was Reports Fourth Quarter and Full-Year Fiscal 2024 Results

About this update from Oxford Industries, Inc.

[{"type":"text","content":"ATLANTA, March 27, 2025 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its fourth quarter and full fiscal year 2024 ended February 1, 2025 and initiated guidance for the first quarter and full fiscal year 2025.","length":256,"tagName":"p"},{"type":"text","content":"Consolidated net sales in the 13-week fourth quarter of fiscal 2024 were $391 million compared to $404 million in the 14-week fourth quarter of fiscal 2023. Diluted earnings per share (EPS) on a GAAP basis was $1.13 compared to a loss per share of $3.85 in the fourth quarter of fiscal 2023. On an adjusted basis, EPS was $1.37 compared to $1.90 in the fourth quarter of fiscal 2023.","length":383,"tagName":"p"},{"type":"text","content":"Consolidated net sales for the 52-week fiscal 2024 year decreased 3% to $1.52 billion compared to $1.57 billion in the 53-week fiscal 2023 year. EPS was $5.87 compared to $3.82 in fiscal 2023. Fiscal 2023 results included noncash impairment charges totaling $114 million, or $5.32 per share primarily associated with the Johnny Was reporting unit. On an adjusted basis, EPS was to $6.68 in fiscal 2024 compared to $10.15 in fiscal 2023.","length":436,"tagName":"p"},{"type":"text","content":"Tom Chubb, Chairman and CEO, commented, “We are pleased to report fourth quarter net sales and adjusted earnings per share that were near the top end of our guidance ranges. Our results were driven by a successful holiday season as our consumer showed up to buy their loved ones and friends the gifts that they really wanted from the brands that they love. Following a strong finish to calendar year 2024, trends moderated in January as there was less of a reason to shop, a pattern we’ve witnessed for the past several quarters, as well as a deterioration in consumer sentiment that also weighed on demand.”","length":608,"tagName":"p"},{"type":"text","content":"Mr. Chubb concluded, “We believe the challenging trends experienced in January that accelerated into February are likely an indicator of what we can expect in the first half of fiscal 2025. We also believe the strong occasion driven performance experienced during the holiday season in the fourth quarter of fiscal 2024 will continue for key events in fiscal 2025 including Easter, Mother's Day, Father's Day and the summer holidays. In the times between ...

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