ATLANTA (AP) — ATLANTA (AP) — Oxford Industries Inc. (OXM) on Thursday reported a loss of $60.1 million in its fiscal fourth quarter.
On a per-share basis, the Atlanta-based company said it had a loss of $3.85. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.92 per share.
The owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines posted revenue of $404.4 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $409.3 million.