Oxford Industries Inc (NYSE:OXM) Says Lilly Pulitzer Strong Performance Continues

Oxford Industries Inc (NYSE:OXM)

Oxford Industries Inc (NYSE:OXM) released its financial report for its fourth quarter and fiscal year closed January 2017. In the fourth quarter, net sales increased to $261 million versus $259.6 million in the same quarter, a year earlier. Earnings from continuing businesses on a GAAP basis came at $0.72 per share in the reported quarter of 2016 against $1.06 per share in the comparable period of the prior fiscal. Adjusted earnings from continuing businesses came at $0.63 per share in Q4 2016 against $1.09 per share in Q4 2015.

The update

In Q4 2016, Oxford Industries Inc (NYSE:OXM) took measures to streamline their  Tommy Bahama operations. The firm incurred $7.1 million of charges linked with inventory markdowns, severance, and shutting down 3 outlet sites. Discount these costs, the firm’s fourth quarter and full fiscal financial performance was in-line with the firm’s projection’s released on December 6, 2016.

For FY2016, consolidated net sales surged 6% to $1.023 billion. EPS from continuing businesses on a GAAP basis came at $3.27 as against $3.54 in the preceding year. Adjusted earnings from continuing businesses came at $3.30 per share versus $3.64 per share in FY2015.

Thomas C. Chubb III, the CEO and Chairman, reported that the portfolio of businesses has characteristics that are true competitive benefits in the new retailing model. The brands, Lilly Pulitzer, Southern Tide and Tommy Bahama, are clear, unwavering and focused in how they are placed in the marketplace.

The Oxford Industries Inc (NYSE:OXM) CEO mentioned that they would rather be the primary choice of a few than the alternate choice of many. All brands boast a profitable and meaningful e-commerce business, and they play to that strength. They consider that they are competitively positioned with their technical abilities in omni-channel and digital. The company also identified earlier than many in their sector that a vigilant approach to door development made sense.

Oxford management consider that the strategic course they have taken has placed them well to use the power of their brands, and that their people and their brands provide them the tools they require to continue to succeed and offer long-term value to company’s shareholders.

Currently, Oxford Industries Inc (NYSE:OXM) shows an FCF score of 0.891091. This FCF score is known by combining free cash flow stability and free cash flow growth.

3/23/2017
Ticker Symbol OXM
Last Price a/o 3:21 PM EST  $53.46
Average Volume  173.66K
Market Cap (mlns)  $896.52M
Shares Outstanding (mlns) 16.77M
Share Float (mlns) 15.00M
Inside Ownership 1.10%
Short Float 8.25%
Short Interest Ratio 7.13
Quarterly Return -13.37%
YTD Return -10.68%
Year Return -25.03%

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

Author: Monica Gray

Monica has an undergraduate degree in Accounting and an MBA she earned - with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

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