Oxford Industries, Inc. (NYSE:OXM) Q2 2022 Results Conference Call September 1, 2022 4:30 PM ET

Company Participants

Jevon Strasser - Investor Relations

Tom Chubb - Chairman and Chief Executive Officer

Scott Grassmyer - Chief Financial Officer and Chief Operating Officer

Conference Call Participants

Edward Yruma - Piper Sandler

Steve Marotta - CL King & Associates

Noah Zatzkin - KeyBanc Capital Markets

Operator

Greetings, welcome to the Oxford Industries, Inc., Second Quarter Fiscal 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the conference over to Jevon Strasser. Thank you. You may begin.

Jevon Strasser

Thank you and good afternoon. Before we begin, I would like to remind participants that certain statements made on today's call and in the Q&A session may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees, and actual results may differ materially from those expressed or implied in the forward-looking statements.

Important factors that could cause actual results of operations or our financial condition to differ are discussed in our press release issued earlier today and in documents filed by us with the SEC, including the risk factors contained in the Form 10-K. We undertake no duty to update any forward-looking statements.

During this call, we will be discussing certain non-GAAP financial measures. You can find a reconciliation of non-GAAP to GAAP financial measures in our press release issued earlier today, which is posted under the Investor Relations tab of our website.

And now I'd like to introduce today's call participants. With me today are Tom Chubb, Chairman and CEO; and Scott Grassmyer, CFO and COO. Thank you for your attention.

And now, I'd like to turn the call over to Tom Chubb.

Tom Chubb

Good afternoon and thank you for joining us. We are pleased to be reporting an incredibly strong second quarter of fiscal 2022. I will provide some highlights of the quarter with more detailed commentary from Scott to follow.

Outstanding results are not possible without outstanding people, and we have a team that is second to none. I would like to thank each and every member of our dedicated team for all of their hard work, which enabled us to deliver our sixth consecutive quarter of record earnings.

During the quarter, the strength of our brands, our products and our customer experiences fueled 14% comparable direct-to-consumer sales growth and expansion of our already healthy gross margin.