Oxford: Owner of Tommy Bahama, Lilly Pulitzer, and Southern Tide Reports Fourth Quarter and Full Fiscal Year 2020 Results
March 25, 2021 16:05 ET
| Source:
Oxford Industries, Inc.
Oxford Industries, Inc.
ATLANTA, Georgia, UNITED STATES
--Provides Guidance for First Quarter and Fiscal 2021--
--Restores Dividend to pre-COVID level of $0.37 per Share; a 48% Increase Compared to Prior Dividend--
ATLANTA, March 25, 2021 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced financial results for its fourth quarter and fiscal 2020 year ended January 30, 2021. Consolidated net sales were $221 million in the fourth quarter of fiscal 2020 compared to $298 million in the fourth quarter of fiscal 2019. On a GAAP basis, the Company reported a loss of $0.74 per share in the fourth quarter of fiscal 2020 as compared to earnings of $0.90 per share in the same period of the prior year. Adjusted earnings were $0.13 per share in the fourth quarter of fiscal 2020 compared to adjusted earnings of $1.09 per share in the fourth quarter of fiscal 2019.