05:02 PM EDT, 03/28/2024 (MT Newswires) -- Oxford Industries ( OXM ) reported late Thursday fiscal Q4 adjusted earnings of $1.90 per share, down from $2.28 a year earlier.

Analysts polled by Capital IQ expected $1.95.

Sales for the quarter ended Feb. 3 were $404.4 million, up from $382.5 million a year earlier.

Analysts polled by Capital IQ expected $408.3 million.

The company said it expects Q1 adjusted EPS of $2.60 to $2.80. Analysts polled by Capital IQ expect $3.48. The company expects sales for the quarter of $395 million to $415 million. Analysts expect $413.9 million.

Oxford expects fiscal year 2024 adjusted EPS of $9.30 to $9.70. Analysts surveyed by Capital IQ expect $10.26.

The company expects sales for the year of $1.63 billion to $1.67 billion. Analysts polled by Capital IQ expect $1.62 billion.

The company's board raised its quarterly dividend to $0.67 per share, a 3% increase from the prior dividend payment, payable on May 3 to shareholders of record on April 19.

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