• Q3 earnings per share US$0.33, versus $0.26
  • Q3 sales from continuing operations $139.6m
  • Expects healthy FY EPS increase

Apparel group Oxford Industries posted an increase in third quarter earnings per share thanks to strong growth from the company’s Tommy Bahama brand.

Sales from continuing operations were $139.6m, stripping out the revenues of the company’s Oxford Apparel Group, which it has agreed to sell to the US subsidiary of global sourcing giant Li & Fung.

“We are pleased with our third quarter results, particularly the strong top and bottom line performance from our Tommy Bahama Group and another very solid quarter from Lanier Clothes, as well as the year to date improvement at Ben Sherman,” said J Hicks Lanier, Oxford Industries chairman and CEO.

The company expects full-year sales of $593-603m, and diluted earnings per share of $1.16-1.21, both up on last year’s figures.