Oxford Industries Q2 sales decline, swings to loss

Oxford Industries, Inc. has announced that consolidated net sales were down 36 percent to 192 million dollars for the second quarter of fiscal 2020, while the company reported loss of 37 cents per share on a GAAP basis and an adjusted loss per share of 38 cents compared with earnings per share of 1.76 dollars on a GAAP basis and 1.84 dollars on an adjusted basis in the second quarter of fiscal 2019.