2023-08-31 16:14:44 ET
- Oxford Industries press release ( NYSE: OXM ): Q2 Non-GAAP EPS of $3.45 beats by $0.08 .
- Revenue of $420.3M (+16% Y/Y) misses by $3.97M .
- Shares -7% .
- For fiscal 2023 ending on February 3, 2024, the Company moderated its sales and EPS guidance. The Company now expects net sales in a range of $1.570 billion to $1.600 billion as compared to net sales of $1.41 billion in fiscal 2022. In fiscal 2023, GAAP EPS is expected to be between $9.61 and $9.91 compared to fiscal 2022 GAAP EPS of $10.19. Adjusted EPS is expected to be between $10.30 and $10.60, compared to fiscal 2022 adjusted EPS of $10.88.
- For the third quarter of fiscal 2023, the Company expects net sales to be between $320 million and $335 million compared to net sales of $313 million in the third quarter of fiscal 2022. GAAP EPS is expected to be in a range of $0.74 to $0.94 in the third quarter compared to GAAP EPS of $1.22 in the third quarter of fiscal 2022. Adjusted EPS is expected to be between $0.90 and $1.10 compared to adjusted EPS of $1.46 in the third quarter of fiscal 2022.
For further details see:
Oxford Industries Non-GAAP EPS of $3.45 beats by $0.08, revenue of $420.3M misses by $3.97M