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Oxford Industries: Fiscal 4Q Earnings Snapshot

ATLANTA (AP) _ Oxford Industries Inc. (OXM) on Thursday reported fiscal fourth-quarter earnings of $16.7 million.

The Atlanta-based company said it had net income of 99 cents per share. Earnings, adjusted for non-recurring costs, were $1.08 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $298.5 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $303 million.

For the year, the company reported profit of $66.3 million, or $3.94 per share. Revenue was reported as $1.11 billion.

For the current quarter ending in May, Oxford Industries expects its per-share earnings to range from $1.15 to $1.25. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.35.

The company said it expects revenue in the range of $270 million to $280 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $283.6 million.

Oxford Industries expects full-year earnings in the range of $4.45 to $4.65 per share, with revenue ranging from $1.14 billion to $1.16 billion.

Oxford Industries shares have increased 10 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $78.25, a climb of nearly 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OXM at https://www.zacks.com/ap/OXM