The 10-second takeaway
For the quarter ended April 28 (Q1), Oxford Industries met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased and GAAP earnings per share didn't change.
Margins contracted across the board.
Oxford Industries booked revenue of $231 million. The five analysts polled by S&P Capital IQ hoped for a top line of $230.1 million on the same basis. GAAP reported sales were 11% higher than the prior-year quarter's $208.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.12. The six earnings estimates compiled by S&P Capital IQ averaged $1.07 per share. GAAP EPS of $1.09 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 55.9%, 110 basis points worse than the prior-year quarter. Operating margin was 14.5%, 100 basis points worse than the prior-year quarter. Net margin was 7.8%, 90 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $202.6 million. On the bottom line, the average EPS estimate is $0.61.
Next year's average estimate for revenue is $847.7 million. The average EPS estimate is $2.76.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 60 members rating the stock outperform and 22 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 26 give Oxford Industries a green thumbs-up, and seven 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 $57.40.
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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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.