Oxford Industries posted its quarterly earnings that topped the Zacks Consensus Estimate.
The company’s quarterly adjusted earnings came in at $3.50 per share, exceeding the Zacks Consensus Estimate of $2.78 per share. Earnings were $1.89 per share a year ago.
Revenues of $352.58 million for the quarter surpassed the Zacks Consensus Estimate by 7.16%. The figure is also higher than year-ago quarter’s revenues of $265.76 million.
Oxford Industries updated its outlook for full fiscal year 2023.
The company issued earnings per share guidance of $9.60-10.00, higher than the consensus earnings per share estimate of $8.80. Revenue guidance is $1.285-1.325 billion, compared to the Street revenue estimate of $1.24 billion. Oxford Industries also updated its FY 2022 guidance to $9.60-$10.00 EPS.