Oxford Industries, Inc.

NYSE:OXM   3:59:59 PM EDT
93.58
+2.64 (+2.90%)
Other Pre-Announcement, Mergers / Acquisitions

Oxford Industries Announces Acquisition Of Johnny Was

Published: 09/19/2022 20:42 GMT
Oxford Industries, Inc. (OXM) - Oxford Industries, Owner of Tommy Bahama and Lilly Pulitzer, Announces Acquisition of Johnny Was.
Oxford Industries, Owner of Tommy Bahama and Lilly Pulitzer, Announces Acquisition of Johnny Was.
Increasing Its Guidance for Q3 and Full Year of Fiscal 2022.
Q3 Sales Are Now Expected to Be $295 Million to $310 Million, With Adjusted EPS of $1.10 to $1.30.
Has Completed Acquisition of Johnny Was for $270 Million.
Oxford Industries - Completed Acquisition of Johnny Was, a California-based Affordable Luxury, Modern Bohemian Lifestyle Apparel Brand, for $270 Million.
Deal Accretive to Earnings in Fiscal 2022.
For Full Year, Company Expects Sales of $1.375 Billion to $1.405 Billion.
For Full Year, Company Expects Adjusted EPS of $10.25 and $10.60.
Q3 Earnings per Share View $1.02, Revenue View $275.5 Million -- Refinitiv Ibes Data (analyst estimates).
Oxford Industries- Deal Financed Primarily by Cash on Hand, With Remaining About $100 Million Funded With Borrowings Under Co's Revolving Credit Facility.
FY2023 Earnings per Share View $10.02, Revenue View $1.31 Billion -- Refinitiv Ibes Data (analyst estimates).