Oxford Industries reports Q3 adjusted EPS (92c), consensus (94c)

Reports Q3 revenue $307.34M, consensus $305.6M. Inventory increased $1M, or 1%, on a LIFO basis and $6M, or 3%, on a FIFO basis. Tom Chubb, chairman and CEO, commented, “Our third quarter results came in as expected and reflect the disciplined execution across our brands in a highly competitive and promotional environment. While we witnessed pockets of strength within our businesses, consumers have become increasingly choiceful, especially with respect to the more discretionary aspects of their wardrobe. As we entered the holiday season, our customers have been highly value-driven, seeking both compelling promotions and new, innovative products.”