Oxford Industries Cut Q4, FY14 Outlook - Quick Facts

(RTTNews) - Oxford Industries Inc. (OXM) Thursday lowered its fourth-quarter earnings outlook to a range of $0.84 to $0.89 per share from its previous guidance range of $1.01 to $1.16 per share.

Adjusted earnings for the fourth quarter are expected to be in the order of $0.83 to $0.88 per share, down from its previous guidance range of $0.98 to $1.13 per share.

Sales are projected at approximately $250 million, compared to its previous guidance range of $255 million to $265 million. Analysts currently expect the company to earn $1.06 per share on fourth-quarter revenues of $259.60 million.

For the fiscal year 2013, the company has lowered its adjusted earnings outlook to a range of $2.75 to $2.80 per share from its previous range of $2.90 to $3.05 per share.

Sales are projected to be around $917 million, compared to its previous guidance range of $922 million to $932 million. Analysts currently expect full-year earnings of $2.98 per share on revenues of $964.47 million.