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Oxford Industries Inc (OXM) Q1 2021 Earnings Call Transcript

Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Southern

First Quarter of Fiscal 2021 Compared to First Quarter of Fiscal 2019 Full price e-commerce sales grew 55% to $74 million compared to the first quarter of fiscal 2019, with growth in all branded businesses.   Retail sales of $91 million were 16% lower than the first quarter of fiscal 2019, with a stronger performance in the Southeast and Southwest than in the rest of the country.   Restaurant sales grew 7% to $25 million compared to the first quarter of fiscal 2019, benefiting from five additional Marlin Bar locations. While all but one restaurant was open during the quarter, most were operating under some level of local restrictions.   Wholesale sales of $74 million were 27% lower than the first quarter of fiscal 2019. Excluding Lanier Apparel, which the Company is exiting in fiscal 2021, wholesale sales decreased 18% compared to the first quarter of fiscal 2019.

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