Oxford Industries (NYSE: OXM) reported Q3 EPS of $0.17, $0.05 better than the analyst estimate of $0.12. Revenue for the quarter came in at $235.96 million versus the consensus estimate of $243.52 million.

Fiscal Year 2017 Outlook

For the full year fiscal 2017, the Company now expects GAAP earnings per share to be between $3.23 and $3.38. Adjusted earnings per share are expected to be between $3.55 and $3.70. This compares to fiscal 2016 earnings on a GAAP basis of $3.27 per share and, on an adjusted basis, $3.30 per share. The Company expects net sales to grow to between $1.08 billion to $1.095 billion as compared to fiscal 2016 net sales of $1.023 billion.

The Company’s effective tax rate for fiscal 2017 is expected to be approximately 37%, comparable to the fiscal 2016 rate. Full year interest expense is estimated to be approximately $3.0 million.

Capital expenditures in fiscal 2017, including $26.4 million in the first nine months of fiscal 2017, are expected to be approximately $40 million, primarily reflecting investments in information technology initiatives, new retail stores and restaurants, and investments to remodel and relocate existing retail stores.

• Achieves Significant Year-Over-Year Growth in Sales and Earnings
• Third Quarter GAAP EPS of $0.06; Adjusted EPS of $0.17
• Narrows Full-Year GAAP EPS Guidance Range to $3.23 - $3.38
• Full-Year Adjusted EPS to $3.55 - $3.70

GUIDANCE:

Oxford Industries sees FY2017 EPS of $3.55-$3.70, versus the consensus of $3.59.

For earnings history and earnings-related data on Oxford Industries (OXM) click here.