The Company updated its previously issued guidance for the first quarter and full year to reflect favorable market conditions and developing opportunities. For the first quarter of fiscal 2006, the Company continues to project total sales of between $325 and $335 million and raised diluted earnings per share guidance to a range of $0.57 to $0.62. For the full year, the Company continues to project total sales of $1.37 and $1.39 billion and raised diluted earnings per share guidance to a range of $3.25 to $3.35.
The Company will hold a conference call with senior management to discuss the financial results at 4:30 p.m. ET. A live Webcast of the conference call will be available on the Company's Web site. Please visit the Web site at least 15 minutes early to register for the teleconference Web cast and download any necessary software.
A replay of the call will be available through August 11, 2005. To access the telephone replay, participants should dial (719) 457-0820. The access code for the replay is 3298141. A replay of the Webcast will also be available following the conference call on Oxford Industries' corporate Website.
Oxford Industries Inc makes branded and private label apparel for men, women and children. It provides a wide variety of apparel products and services to retailers and consumers with individual needs. Oxford's brands include Tommy Bahama, Indigo Palms, Island Soft, Ben Sherman, Ely & Walker and Oxford Golf.
The Company also holds exclusive licenses to produce and sell certain product categories under the Tommy Hilfiger, Nautica, Geoffrey Beene, Slates, Dockers and Oscar de la Renta labels. Oxford's customers are found in every major channel of distribution including national chains, specialty catalogs, mass merchants, department stores, specialty stores and Internet retailers.
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