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Oxford Industries reports mixed Q4, cautious FY25 outlook
Tommy Bahama Credits: Facebook/Tommy Bahama Financial performance of Atlanta based company Oxford Industries, the owner of brands like Tommy Bahama and Lilly Pulitzer, reveal a complex financial picture and a cautious outlook for the coming year. While the company experienced a successful holiday season, a moderation in trends during January has led to a conservative forecast for fiscal year 2025. Fourth-quarter net sales decreased by 3 percent to 391 million dollars compared to the previous year. However, diluted earnings per share (EPS) on a GAAP basis showed an improvement, reaching 1.13 dollars compared to a loss per share of 3.85 dollars in the fourth quarter of fiscal 2023. Commenting on the outlook, Tom Chubb, chairman and CEO, said: “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 these major selling periods, we expect the consumer to be more hesitant to shop given the current uncertainty in the marketplace.” Oxford projects net sales for fiscal year 2025 to be in the range of 1.49 billion dollars to 1.53 billion dollars, with GAAP EPS expected to be between 4.21 dollars and 4.61 dollars. For the first quarter of fiscal 2025, net sales are forecast to range from 375 million dollars to 395 million dollars, and GAAP EPS is anticipated to be between 1.61 dollars and 1.81 dollars. The company declared a quarterly cash dividend of 69 cents per share, payable on May 2, 2025.
Financial performance of Atlanta based company Oxford Industries, the owner of brands like Tommy Bahama and Lilly Pulitzer, reveal a complex financial picture and a cautious outlook for the coming year.
While the company experienced a successful holiday season, a moderation in trends during January has led to a conservative forecast for fiscal year 2025.
Fourth-quarter net sales decreased by 3 percent to 391 million dollars compared to the previous year. However, diluted earnings per share (EPS) on a GAAP basis showed an improvement, reaching 1.13 dollars compared to a loss per share of 3.85 dollars in the fourth quarter of fiscal 2023.
Commenting on the outlook, Tom Chubb, chairman and CEO, said: “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 these major selling periods, we expect the consumer to be more hesitant to shop given the current uncertainty in the marketplace.”
Oxford projects net sales for fiscal year 2025 to be in the range of 1.49 billion dollars to 1.53 billion dollars, with GAAP EPS expected to be between 4.21 dollars and 4.61 dollars.
For the first quarter of fiscal 2025, net sales are forecast to range from 375 million dollars to 395 million dollars, and GAAP EPS is anticipated to be between 1.61 dollars and 1.81 dollars.
The company declared a quarterly cash dividend of 69 cents per share, payable on May 2, 2025.
