Home / Knowledge / News / Apparel/Garments / Oxford Q1'FY14 net sales up 10% to $257.6mn
Oxford Q1'FY14 net sales up 10% to $257.6mn
11
Jun '14
Oxford Industries, Inc. announced financial results for its fiscal 2014 first quarter ended May 3, 2014. 
 
Consolidated net sales increased 10% to $257.6 million compared to $234.2 million in the first quarter of fiscal 2013. 
 
On an adjusted basis, earnings grew 15% to $0.94 per share in the first quarter of fiscal 2014 compared to $0.82 in the first quarter of fiscal 2013. On a GAAP basis, earnings grew to $0.91 per share in the first quarter of fiscal 2014 compared to $0.82 in the same period of the prior year.
 
Operating Results
Tommy Bahama Tommy Bahama delivered a 5% year-over-year net sales increase to $158.4 million in the first quarter of fiscal 2014. The increased sales were primarily due to the operation of additional stores and the 2013 acquisition of the Tommy Bahama Canadian business, partially offset by a 1% decrease in comparable store sales and weakness in the outlet store business.  
 
While comparable store sales were negative in February and March, April comparable store sales were positive as traffic improved.  At the end of the first quarter of fiscal 2014, Tommy Bahama operated 141 stores including 91 full-price stores, 14 restaurant-retail locations and 36 outlets. This compares to 121 stores at the end of the first quarter of fiscal 2013. 
 
Tommy Bahama's adjusted operating income for the first quarter of fiscal 2014 was $20.3 million compared to $21.4 million in the first quarter of fiscal 2013. The decrease resulted primarily from increased SG&A, a slight decrease in gross margin and the modest comparable store sales decrease. On a GAAP basis, Tommy Bahama's operating income for the first quarter of fiscal 2014 was $19.9 million compared to $21.4 million in the first quarter of fiscal 2013.
 
Lilly Pulitzer Lilly Pulitzer's net sales in the first quarter of fiscal 2014 rose 28% to $50.4 million, with strength across multiple product categories and increases in all channels of distribution, including a comparable store sales increase of 34%. As of May 3, 2014, Lilly Pulitzer operated 26 retail stores, including three stores opened during the first quarter of fiscal 2014, compared to 21 retail stores as of May 4, 2013.
 
Click here to view full results.
 

Oxford Industries


Must ReadView All

Apparel/Garments | On 30th Apr 2016

Britain keen on new ventures in textiles and garment

British High Commissioner to India Sir Dominic Asquith, has said that ...

Apparel/Garments | On 30th Apr 2016

‘India’s apparel sector needs to revisit policies’

Apparel Export Promotion Council (AEPC)’s Additional Secretary...

Textiles | On 30th Apr 2016

Bangladesh spinners wary of another gas price hike

Bangladeshi cotton spinners have expressed concern that they may lose ...

Interviews View All

Bernat Aguilar
Asia Textile Inspections

Why are textile inspection companies important in the market? How do you...

Amrit Sethia
SOIE

What are the emerging trends in the intimatewear category for women in...

Anurag Rajpal
American Swan Brand

How will the Union Budget 2014-15 do good to the Indian textile sector? Is ...

Mohammad Hassan
Biax Fiberfilm

<b><i>About one in every 20 patients picks up an infection while...

Brian J. McCarthy
TechniTex Faraday Limited

Mr. Brian J. McCarthy is the Director of TechniTex Faraday Limited Sector, ...

Mr. Johann Philipp Oskar Dilo
DILO Group of companies

Mr. Johann Philipp Oskar Dilo is a post graduate in Mechanical Engineering ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search