Oxford Industries Q2 Equity Changes Detailed

TL;DR

OXFORD INDUSTRIES INC (OXM) Q2 equity accounts updated as of Aug 3, 2024. Retained earnings up.

AI Summary

Oxford Industries Inc. reported its second quarter results for the period ending August 3, 2024. The company's financial statements show changes in its equity accounts, including common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income, as of August 3, 2024, compared to earlier periods in 2024 and 2023.

Why It Matters

This filing provides insight into the company's financial health and how its equity structure has evolved, which can influence investor confidence and future financial strategies.

Risk Assessment

Risk Level: low — This filing is a standard quarterly report detailing financial statement information and does not indicate any immediate or significant risks.

Key Numbers

• 20240803 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 20240912 — Filing Date (The date the 10-Q report was officially submitted to the SEC.)

Key Players & Entities

• OXFORD INDUSTRIES INC (company) — Filer of the 10-Q report
• 20240803 (date) — End of the reporting period
• 20240912 (date) — Date the report was filed
• 0000075288 (company) — Central Index Key for Oxford Industries Inc.

FAQ

Key Financial Figures

• $1 — nge on which registered Common Stock , $1 par value OXM New York Stock Exchange

Filing Documents

• oxm-20240803.htm (10-Q) — 1411KB
• oxm-20240912xex32bylaws.htm (EX-3.2) — 82KB
• oxm-20240912xex101.htm (EX-10.1) — 8KB
• oxm-20240912xex311.htm (EX-31.1) — 10KB
• oxm-20240912xex312.htm (EX-31.2) — 10KB
• oxm-20240912xex32.htm (EX-32) — 6KB
• 0000075288-24-000059.txt ( ) — 4860KB
• oxm-20240803.xsd (EX-101.SCH) — 19KB
• oxm-20240803_cal.xml (EX-101.CAL) — 48KB
• oxm-20240803_def.xml (EX-101.DEF) — 94KB
• oxm-20240803_lab.xml (EX-101.LAB) — 353KB
• oxm-20240803_pre.xml (EX-101.PRE) — 255KB
• oxm-20240803_htm.xml (XML) — 665KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets (Unaudited) 5 Condensed Consolidated Statements of Operations (Unaudited) 6 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 7 Condensed Consolidated Statements of Cash Flows (Unaudited) 8 Condensed Consolidated Statements of Changes in Equity (Unaudited) 9 Notes to Condensed Consolidated Financial Statements (Unaudited) 10

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

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 39

Controls and Procedures

Item 4. Controls and Procedures 40

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 40

Risk Factors

Item 1A. Risk Factors 40

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 40

Other Information

Item 5. Other Information 41

Exhibits

Item 6. Exhibits 41

SIGNATURES

SIGNATURES 42 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; possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures and the impact of the 2024 U.S presidential election; competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment; acquisition activities (such as the acquisition of Johnny Was), including our ability to integrate key functions, recognize anticipated

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS OXFORD INDUSTRIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par amounts) (unaudited) August 3, 2024 February 3, 2024 July 29, 2023 ASSETS Current Assets Cash and cash equivalents $ 18,421 $ 7,604 $ 7,790 Receivables, net 63,542 63,362 55,583 Inventories, net 139,583 159,565 161,866 Income tax receivable 19,437 19,549 19,401 Prepaid expenses and other current assets 46,213 43,035 37,740 Total Current Assets $ 287,196 $ 293,115 $ 282,380 Property and equipment, net 219,606 195,137 188,004 Intangible assets, net 256,192 262,101 277,114 Goodwill 27,309 27,190 123,079 Operating lease assets 321,474 263,934 241,452 Other assets, net 41,874 32,188 34,336 Deferred income taxes 18,871 24,179 3,493 Total Assets $ 1,172,522 $ 1,097,844 $ 1,149,858 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 74,133 $ 85,545 $ 76,216 Accrued compensation 23,774 23,660 20,481 Current portion of operating lease liabilities 66,854 64,576 67,676 Accrued expenses and other liabilities 62,163 66,863 68,188 Total Current Liabilities $ 226,924 $ 240,644 $ 232,561 Long-term debt — 29,304 48,472 Non-current portion of operating lease liabilities 298,704 243,703 219,207 Other non-current liabilities 25,338 23,279 20,402 Deferred income taxes — — 4,587 Shareholders' Equity Common stock, $ 1.00 par value per share 15,695 15,629 15,630 Additional paid-in capital 181,901 178,567 170,789 Retained earnings 426,867 369,453 440,319 Accumulated other comprehensive loss ( 2,907 ) ( 2,735 ) ( 2,109 ) Total Shareholders' Equity $ 621,556 $ 560,914 $ 624,629 Total Liabilities and Shareholders' Equity $ 1,172,522 $ 1,097,844 $ 1,149,858 See accompanying notes. 5 Table of Contents OXFORD INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Second Quarter First Half Fiscal 2024 Fiscal 2023 Fiscal 2024 Fiscal 2023 Net sa

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