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

Oxford Industries Inc. (NYSE:OXM) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.54%.

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Oxford Industries Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.56% to $0.65 in the quarter versus EPS of $0.61 in the year-earlier quarter.

Revenue: Rose 18.29% to $236.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Oxford Industries Inc. reported adjusted EPS income of $0.65 per share. By that measure, the company missed the mean analyst estimate of $0.70. It beat the average revenue estimate of $228.64 million.

Quoting Management: “We are very pleased with the 2012 performance of our two largest brands, Tommy Bahama and Lilly Pulitzer,” commented Thomas C. Chubb III, CEO and President. “We launched Tommy Bahama’s international expansion in 2012 and we now operate nine stores in the Asia-Pacific region, including our newest in Yokohama, Japan. We believe this is an excellent long-term investment and the runway it creates for us is substantial. Tommy Bahama continues a store opening pace that will add approximately 12 stores on the domestic front and approximately four international stores in fiscal 2013. Our e-commerce business also continues to grow rapidly and, in conjunction with our retail stores, we are well on our way to creating a seamless omni-channel experience for our consumers.”

Key Stats (on next page)…

Revenue increased 30.2% from $181.41 million in the previous quarter. EPS increased 242.11% from $0.19 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.36 to a profit $1.20. For the current year, the average estimate is a profit of $2.66, which is the same with that ninety days ago.

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