Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Southern Tide Reports Record First Quarter Earnings, Raises Full Year Guidance
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Oxford Industries (OXM) Tops Q1 EPS by 84c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus, Offers 2Q EPS/Revenues Outlook
June 9, 2021 4:10 PM EDTOxford Industries (NYSE: OXM) reported Q1 EPS of $1.89, $0.84 better than the analyst estimate of $1.05. Revenue for the quarter came in at $265.8 million versus the consensus estimate of $233.07 million.
Strong first quarter sales exceeding high end of revenue guidance rangeGross margin expands 390 basis points to 62.7% on a GAAP basis and 520 basis points to 64.0% on an adjusted basis over fiscal 2019Operating margin expands 260 basis points to 13.1% on a GAAP basis and 410 basis points to 14.8% on an adjusted basis over fiscal 2019Record first quarter GAAP EPS of $1.70 and adjusted EPS of $1.89 exceed... More