Apparel firm Oxford Industries' Q3 revenue slightly beats expectations

Overview

• Apparel company's fiscal Q3 revenue slightly beat analyst expectations

• Adjusted loss per share for fiscal Q3 comes in better than analyst expectations

• Company's GAAP EPS loss includes $61 mln noncash impairment charges related to Johnny Was

Outlook

• Oxford Industries revises fiscal 2025 net sales to $1.47 bln-$1.49 bln

• Company expects fiscal 2025 adjusted EPS between $2.20 and $2.40

• Oxford Industries sees Q4 net sales at $365 mln-$385 mln

Result Drivers

• PROMOTIONAL ENVIRONMENT - Co faced a highly competitive and promotional retail environment, impacting sales and margins

• TARIFF IMPACT - Increased tariffs in fiscal 2025 raised cost of goods sold, affecting gross margins

• JOHNNY WAS IMPAIRMENT - Significant noncash impairment charges for Johnny Was due to negative sales trends and organizational changes

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the apparel & accessories peer group is "buy."

• Wall Street's median 12-month price target for Oxford Industries Inc is $48.50, about 21.9% above its December 9 closing price of $39.78

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nGNX4ZNNXs

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