US’ Oxford Industries’ consolidated net sales climb 16% in Q2 FY23

Oxford Industries has reported a 16 per cent rise in Q2 FY23 net sales to $420 million, with Gaap EPS at $3.22 (compared to $3.49 in Q2 FY22) and adjusted EPS at $3.45 (compared to $3.61 in Q2 FY22).
DTC sales grew 13 per cent, with full-price retail sales up by 11 per cent.
Gross margin remained stable, while SG&A expenses increased primarily due to Johnny Was SG&A

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