OXM Earnings Prediction
The chart below shows how OXM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OXM sees a -0.81% change in stock price 10 days leading up to the earnings, and a -4.13% change 10 days following the report. On the earnings day itself, the stock moves by +0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
OXM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
326.63M
4.34%
-22.29%
Gross Margin
64.07%
-0.88%
-1.32%
Operating Margin
5.51%
-42.66%
-66.48%
Net Margin
3.30%
-47.45%
-73.04%
EPS
0.68
-44.26%
-78.88%
No Data Available
OXM Earnings Analysis
Oxford Industries, Inc. Corporation (OXM.N) Earnings Conference Call
Positive
Third Quarter Sales Performance: Sales for the third quarter reached $308 million, demonstrating resilience despite challenges faced in the market.
Store Expansion Update: The company opened twelve new retail locations, increasing the total store count to 342, compared to 309 at the end of the previous fiscal year.
Strong Balance Sheet: The balance sheet remains strong, allowing continued investment in future business growth and maintaining a solid liquidity position.
Adjusted EPS Forecast: The company anticipates adjusted EPS for fiscal 2024 to be between $6.50 and $6.70, reflecting confidence in future performance despite current challenges.
Brand Performance Impact: The performance of the Tommy Bahama brand has been particularly strong, contributing positively to overall sales growth.
Negative
Sales Decline Analysis: Consolidated net sales of $308 million decreased compared to sales of $327 million in the third quarter of fiscal 2023 and below our guidance range of $310 million to $325 million.
Sales Loss from Closures: We estimate that we lost approximately $4 million in sales from evacuation closures from many of our Southeastern locations and the temporary closure of several stores in Florida.
Decline in Brick-and-Mortar Sales: Sales in our full-price brick-and-mortar locations were down 6%, driven by high single-digit negative comps partially offset by the addition of new store locations.
E-commerce Sales Decline: E-commerce sales decreased 11%.
Adjusted Net Operating Loss: We ended the quarter with an adjusted net operating loss per share of $0.11 for the quarter, coming in below our guidance range.
OXM FAQs
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OXM Earning Call Sentiment
Oxford Industries, Inc. (OXM) Q3 2024 Earnings Call Transcript
OXM.N
-0.36%Positive
The earnings call reveals several negative factors: a decrease in net sales and adjusted net loss, operational losses, and increased SG&A expenses. The Q&A highlights ongoing wholesale channel weakness and reliance on promotions, pressuring margins. Despite a positive outlook on liquidity and dividend continuation, the lack of a share repurchase program and unclear guidance on full-price sales add uncertainty. The market cap suggests a moderate reaction, but negative sales forecasts and financial performance indicate a stock price decline of -2% to -8% over the next two weeks.
