Oxford Industries: Fiscal Q4 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Oxford Industries Inc. (OXM) on Thursday reported a loss of $60.1 million in its fiscal fourth quarter.
On a per-share basis, the Atlanta-based company said it had a loss of $3.85. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $404.4 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $409.3 million.
For the year, the company reported profit of $60.7 million, or $3.82 per share. Revenue was reported as $1.57 billion.
For the current quarter ending in April, Oxford Industries expects its per-share earnings to range from $2.60 to $2.80.
The company said it expects revenue in the range of $395 million to $415 million for the fiscal first quarter.
Oxford Industries expects full-year earnings in the range of $9.30 to $9.70 per share, with revenue ranging from $1.63 billion to $1.67 billion.
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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