The company commented that despite some near term challenges that may result from a challenging economic climate and an increasingly competitive retail environment, it is now comfortable with a full year range of diluted earnings per share of $3.42 to $3.52 on sales of approximately $1.38 billion to $1.40 billion. This compares to the Company's prior guidance of $3.25 to $3.35 in earnings per share on sales of approximately $1.37 to $1.39 billion.
For the second quarter, ending on December 2, 2005, the company anticipates sales in a range from $320 million to $330 million and earnings per share of $0.55 to $0.60.
The company will hold a conference call with senior management to discuss the financial results at 4:30 p.m. ET today. A live Webcast of the conference call will be available on the Company's Web site at www.oxfordinc.com.
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 October 13, 2005.
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.
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