Oxford Q2 net sales up 14 percent

REPORT_ For the fiscal 2013 second quarter, Oxford Industries consolidated net sales increased

14 percent compared to the second quarter of fiscal 2012. On an adjusted basis, earnings per share rose 55 percent. For the second quarter of fiscal 2013, consolidated gross margin increased 100 basis points to 58.2 percent.

Thomas C. Chubb III, CEO and president, commented, “We are quite pleased with our first half performance. Following a strong first half, we believe we have an excellent game plan for the all-important holiday and resort selling seasons and are expecting a good second half as well. We believe fiscal 2013 will deliver strong top and bottom line results for our shareholders.”

Oxford is based in Atlanta. It is a global apparel company which designs, sources, markets and distributes products bearing the trademarks of its owned and licensed brands through direct to consumer and wholesale channels of distribution. Oxford's brands include Tommy Bahama, Lilly Pulitzer, Ben Sherman, Oxford Golf, Arnold Brant and Billy London.