Oxford Industries, Inc. consolidated net sales rose 3 percent in the third quarter of fiscal 2021 to 248 million dollars compared to 175 million dollars and 241 million dollars in the third quarters of fiscal 2020 and fiscal 2019, respectively, despite significantly lower sales at Lanier Apparel.
The company said in a statement that earnings on a GAAP basis increased to 1.54 dollars per share compared to a loss of 64 cents per share in the third quarter of fiscal 2020 and earnings of 10 cents per share in the third quarter of fiscal 2019. On an adjusted basis, earnings increased to 1.19 dollars per share compared to a loss of 44 cents per share in the third quarter of fiscal 2020 and earnings of 10 cents per share in the third quarter of fiscal 2019.
Commenting on the results, Thomas C. Chubb III, the company’s chairman and CEO, said: “While the current operating environment has presented challenges including supply chain disruptions and additional cost pressures, we are managing them adeptly and I am confident in our ability to continue successfully executing our key…
