Oxford Industries Earnings: Here’s Why Shares are Down Now

Oxford Industries Inc. (NYSE:OXM) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.23%.

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Oxford Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 26.79% to $0.82 in the quarter versus EPS of $1.12 in the year-earlier quarter.

Revenue: Rose 1.41% to $234.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oxford Industries Inc. reported adjusted EPS income of $0.82 per share. By that measure, the company beat the mean analyst estimate of $0.78. It missed the average revenue estimate of $236.87 million.

Quoting Management: Thomas C. Chubb III, CEO and President, commented, “We are pleased with what we accomplished in the first quarter of fiscal 2013. We delivered excellent financial results driven by strength at Tommy Bahama and Lilly Pulitzer. In addition, our commitment to growing long-term shareholder value is evident in the continuing investment we are making in these two businesses. We continue to make significant capital and operating expense investments in these businesses and believe that they will pay off by supporting sustained, profitable growth.

Key Stats (on next page)…

Revenue decreased 0.87% from $236.25 million in the previous quarter. EPS increased 26.15% from $0.65 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.86 to a profit $0.95. For the current year, the average estimate has moved down from a profit of $3.3 to a profit of $3.1 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)