Oxford Industries reported a 5 per cent YoY decrease in Q1 FY24 net sales, totalling $398 million.
Full-price DTC sales dropped 3 per cent, outlet sales rose 6 per cent, and wholesale sales fell 16 per cent.
The company’s operating income declined to $52 million.
Tommy Bahama and Lilly Pulitzer saw declines, while Johnny Was grew by 3.5 per cent.Oxford Industries reported a 5 per cent YoY decrease in Q1 FY24 net sales, totalling $398 million.
Full-price DTC sales dropped 3 per cent, outlet sales rose 6 per cent, and wholesale sales fell 16 per cent.
The company’s operating income declined to $52 million.
Tommy Bahama and Lilly Pulitzer saw declines, while Johnny Was grew by 3.5 per cent.
