Oxford Industries Inc. Files 2024 Annual Report on Form 10-K

TL;DR

<b>Oxford Industries Inc. has filed its 2024 Form 10-K detailing its fiscal year performance.</b>

AI Summary

OXFORD INDUSTRIES INC (OXM) filed a Annual Report (10-K) with the SEC on April 1, 2024. Oxford Industries Inc. filed its annual report for the fiscal year ended February 3, 2024. The filing covers the period from January 29, 2023, to February 3, 2024. The company's fiscal year end is February 3rd. Oxford Industries Inc. is incorporated in Georgia. The company's business address is 999 Peachtree Street NE, Suite 688, Atlanta, GA 30309.

Why It Matters

For investors and stakeholders tracking OXFORD INDUSTRIES INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Oxford Industries' financial health and operational performance for the fiscal year 2024, crucial for investors assessing the company's trajectory. The detailed financial statements and disclosures within the 10-K allow stakeholders to understand the company's revenue, expenses, assets, liabilities, and other key financial metrics, enabling informed investment decisions.

Risk Assessment

Risk Level: low — OXFORD INDUSTRIES INC shows low risk based on this filing. The filing is a standard annual report (10-K) and does not contain immediate red flags or significant negative disclosures, indicating a routine reporting event.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-K to understand Oxford Industries' performance and outlook for the upcoming fiscal year.

Key Numbers

• 2024-02-03 — Fiscal Year End (Conformed Period of Report)
• 2024-04-01 — Filing Date (Filed as of Date)
• 2320 — Standard Industrial Classification (SIC Code for Men's & Boys' Furnishings)

Key Players & Entities

• OXFORD INDUSTRIES INC (company) — FILER
• OXM (company) — Ticker Symbol
• 20240203 (date) — Fiscal Year End
• 20240401 (date) — Filing Date
• GA (location) — State of Incorporation
• 404-659-2424 (phone) — Business Phone

FAQ

Industry Context

Oxford Industries Inc. operates within the apparel and retail sector, focusing on men's and boys' furnishings and allied garments.

Regulatory Implications

The filing adheres to the requirements of the Securities Exchange Act of 1934, specifically the 10-K annual report form.

What Investors Should Do

1. Analyze the financial statements for revenue trends, profitability, and balance sheet health.
2. Review the Management's Discussion and Analysis (MD&A) section for insights into business performance and future outlook.
3. Examine any disclosed risk factors to understand potential challenges facing the company.

Key Dates

• 2024-02-03: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-01: Filing Date — Date the 10-K was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the fiscal year ending February 3, 2024, and therefore, direct comparisons to a prior year's 10-K within this document are not applicable.

Key Financial Figures

• $1 — ange on which registered Common Stock, $1 par value OXM New York Stock Exchan
• $538 m — r channel was as follows: e-commerce of $538 million, or 34%; full-price retail of $53
• $533 m — 8 million, or 34%; full-price retail of $533 million, or 34%; food and beverage of $11
• $116 m — 3 million, or 34%; food and beverage of $116 million, or 7%; and outlet operations of
• $73 m — illion, or 7%; and outlet operations of $73 million, or 5%. Our direct to consumer op

Filing Documents

• oxm-20240203x10k.htm (10-K) — 3442KB
• oxm-20240203xex10d5.htm (EX-10.5) — 70KB
• oxm-20240203xex21.htm (EX-21) — 77KB
• oxm-20240203xex23.htm (EX-23) — 6KB
• oxm-20240203xex24.htm (EX-24) — 50KB
• oxm-20240203xex31d1.htm (EX-31.1) — 12KB
• oxm-20240203xex31d2.htm (EX-31.2) — 12KB
• oxm-20240203xex32.htm (EX-32) — 8KB
• oxm-20240203xex97.htm (EX-97) — 118KB
• oxm-20240203x10k001.jpg (GRAPHIC) — 33KB
• 0000075288-24-000003.txt (&nbsp;) — 13898KB
• oxm-20240203.xsd (EX-101.SCH) — 73KB
• oxm-20240203_cal.xml (EX-101.CAL) — 82KB
• oxm-20240203_def.xml (EX-101.DEF) — 313KB
• oxm-20240203_lab.xml (EX-101.LAB) — 673KB
• oxm-20240203_pre.xml (EX-101.PRE) — 566KB
• oxm-20240203x10k_htm.xml (XML) — 2729KB

Business

Business 7 Item 1A.

Risk Factors

Risk Factors 25 Item 1B. Unresolved Staff Comments 39 Item 1C. Cybersecurity 39 Item 2.

Properties

Properties 40 Item 3.

Legal Proceedings

Legal Proceedings 41 Item 4. Mine Safety Disclosures 41 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 41 Item 6. Reserved 43 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 44 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 67 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 69 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 110 Item 9A.

Controls and Procedures

Controls and Procedures 110 Item 9B. Other Information 113 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 113 PART III Item 10. Directors, Executive Officers and Corporate Governance 113 Item 11.

Executive Compensation

Executive Compensation 113 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 113 Item 13. Certain Relationships and Related Transactions, and Director Independence 113 Item 14. Principal Accountant Fees and Services 113 PART IV Item 15. Exhibits and Financial Statement Schedules 114 Item 16. Form 10-K Summary 115

Signatures

Signatures 116 2 Table of Contents CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS Our SEC filings and public announcements may include forward-looking statements about future events. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation, demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, elevated interest rates, concerns about the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors; competitive conditions and/or evolving consumer shopping patterns; acquisition activities (such as the acquisition of Johnny Was), including our ability to integrate key functions, recognize anticipated synergies and minimize related disruptions or distractions to our business as a result of these activities; supply chain disruptions; costs and availability of labor and freight deliveries, including our ability to appropriately staff our retail stores and food and beverage locatio

Business

Item 1. Business BUSINESS AND PRODUCTS Overview We are a leading branded apparel company that designs, sources, markets and distributes products bearing the trademarks of our portfolio of lifestyle brands: Tommy Bahama, Lilly Pulitzer, Johnny Was, Southern Tide, TBBC, Duck Head and Jack Rogers. Our business strategy is to develop and market compelling lifestyle brands and products that evoke a strong emotional response from our target consumers. We consider lifestyle brands to be those brands that have a clearly defined and targeted point of view inspired by an appealing lifestyle or attitude. Furthermore, we believe lifestyle brands that create an emotional connection can command greater loyalty and higher price points and create licensing opportunities. We believe the attraction of a lifestyle brand depends on creating compelling product, effectively communicating the respective lifestyle brand message and distributing products to consumers where and when they want them. We believe the principal competitive factors in the apparel industry are the reputation, value, and image of brand names; design of differentiated, innovative or otherwise compelling product; consumer preference; price; quality; marketing (including through rapidly shifting digital and social media vehicles); product fulfillment capabilities; and customer service. Our ability to compete successfully in the apparel industry is dependent on our proficiency in foreseeing changes and trends in fashion and consumer preference and presenting appealing products for consumers. Our design-led, commercially informed lifestyle brand operations strive to provide exciting, differentiated fashion products each season as well as certain core products that consumers expect from us. To further strengthen each lifestyle brand's connections with consumers, we directly communicate through digital and print media on a regular basis with our loyal consumers, including the approximately 2.7 million who have trans

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