The 10-second takeaway
For the quarter ended Jan. 28 (Q4), Oxford Industries beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted significantly.
Margins dropped across the board.
Oxford Industries booked revenue of $199.7 million. The four analysts polled by S&P Capital IQ foresaw revenue of $192.3 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $157.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.61. The five earnings estimates compiled by S&P Capital IQ averaged $0.54 per share on the same basis. GAAP EPS of $0.43 for Q4 were 87% lower than the prior-year quarter's $3.22 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.9%, 250 basis points worse than the prior-year quarter. Operating margin was 7.1%, 120 basis points worse than the prior-year quarter. Net margin was 3.5%, 3,040 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $222.4 million. On the bottom line, the average EPS estimate is $1.20.
Next year's average estimate for revenue is $806.5 million. The average EPS estimate is $2.75.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 58 members rating the stock outperform and 23 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Oxford Industries a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oxford Industries is buy, with an average price target of $48.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.
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