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Oxford Industries fiscal Q2 profit falls YOY

Oxford Industries Inc. said its normalized net income for the fiscal second quarter ended Aug. 2 amounted to 99 cents per share, compared with the S&P Capital IQ consensus estimate of 89 cents per share.

EPS fell year over year from $1.03.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $16.2 million, a decrease from $16.9 million in the prior-year period.

The normalized profit margin rose to 7.9% from 7.2% in the year-earlier period.

Total revenue increased year over year to $246.2 million from $235.0 million, and total operating expenses increased 6.0% on an annual basis to $219.4 million from $207.0 million.

Reported net income decreased year over year to $15.1 million, or 92 cents per share, from $15.8 million, or 96 cents per share.