Oxford Industries Falls on Q2 Earnings Results
Shares of Oxford Industries (NYSE: OXM) are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are lower by 2.29%, trading at $35.00; they ended the regular session higher by 1.91%, at $35.82.
Oxford Industries reported Q2 EPS of $0.57 on revenues of $180.6 million. Revenues increased 26.3% year over year.
J. Hicks Lanier, Chairman and Chief Executive Officer, commented, "We are very pleased with the outstanding results we achieved during the second quarter which were driven by especially strong performances from our Tommy Bahama and Lilly Pulitzer businesses. Our direct to consumer business continued to deliver growth in both top-line revenue and margins.”
“We were also pleased to have used excess cash to significantly reduce our outstanding debt and interest expense while maintaining a high level of liquidity which ensures that we will have ample financial flexibility going forward."
Oxford Industries, Inc. is an international apparel design, sourcing and marketing company that features a portfolio of owned and licensed lifestyle brands, company-owned retail operations, and a collection of private label apparel businesses.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.