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Oxford Industries fiscal Q3 loss narrows YOY

Oxford Industries Inc. said its normalized net income for the fiscal third quarter ended Oct. 29 was a loss of $30,630, compared with a loss of $1.0 million in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to negative 0.0% from negative 0.5% in the year-earlier period.

Total revenue grew 11.9% on an annual basis to $222.3 million from $198.6 million, and total operating expenses grew 10.9% from the prior-year period to $221.6 million from $199.8 million.

Reported net income totaled a loss of $1.7 million, or a loss of 10 cents per share, compared to a loss of $1.3 million, or a loss of 8 cents per share, in the prior-year period.