Oxford Q3 net sales up 9 percent

REPORT_ For the fiscal 2013 third quarter, Oxford consolidated net sales increased 9

percent. In the third quarter of fiscal 2013, earnings per share were negatively impacted by a significantly higher effective tax rate than in the prior year. For the third quarter of fiscal 2013 consolidated gross margin was 53.1 percent. SG&A In the third quarter of fiscal 2013 was 52.9 percent of net sales compared to 51.9 percent of net sales in the third quarter of fiscal 2012.

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. Thomas C. Chubb III, CEO and President, commented, “We are pleased that our third quarter results met our sales and earnings expectations. Both Tommy Bahama and Lilly Pulitzer have seen strength in e-commerce and in our retail stores over the first six weeks and we believe we will deliver strong fourth quarter results. Our earnings expectations for the year reflect the solid performance of our business and our continued investment in future growth.”