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Oxford Industries fiscal Q4 profit climbs 5.3% YOY

Oxford Industries Inc. said its normalized net income for the fiscal fourth quarter ended Jan. 31 amounted to 95 cents per share, compared with the S&P Capital IQ consensus estimate of $1.03 per share.

EPS increased 4.9% year over year from 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $15.7 million, an increase of 5.3% from $14.9 million in the fourth quarter ended Feb. 1, 2014.

The normalized profit margin climbed to 6.4% from 5.9% in the year-earlier period.

Total revenue rose 9.6% on an annual basis to $274.5 million from $250.4 million, and total operating expenses grew 10.3% year over year to $248.7 million from $225.6 million.

Reported net income increased 5.7% year over year to $15.8 million, or 96 cents per share, from $15.0 million, or 91 cents per share.

For the year, the company's normalized net income totaled $3.05 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $2.92.

EPS declined 12.3% from $3.48 in the prior year.

Normalized net income was $50.2 million, a decrease of 12.4% from $57.3 million in the prior year.

Full-year total revenue rose 17.4% from the prior-year period to $997.8 million from $849.9 million, and total operating expenses rose 21.2% on an annual basis to $913.9 million from $754.2 million.

The company said reported net income fell 17.3% on an annual basis to $45.8 million, or $2.78 per share, in the full year, from $55.4 million, or $3.36 per share.