Call Start: 16:30 January 1, 0000 5:11 PM ET

Oxford Industries, Inc. (NYSE:OXM)
Q3 2024 Earnings Conference Call
December 11, 2024 04:30 PM ET

Company Participants

Brian Smith - IR
Tom Chubb - Chairman and CEO
Scott Grassmyer - CFO and COO

Conference Call Participants

Ashley Owens - KeyBanc Capital Markets
Ethan Saghi - BTIG
Mauricio Serna - UBS
Paul Lejuez - Citigroup

Operator

Greetings, and welcome to the Oxford Industries Third Quarter Fiscal 2024 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] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Brian Smith. Thank you. You may begin.

Brian Smith

Thank you, and good afternoon. Before we begin, I would like to remind participants that certain statements made on today's call and 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 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 our 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 at oxfordinc.com.

I would now like to introduce today's call participants. With me today are Tom Chubb, Chairman and CEO; and Scott Grassmyer, our 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 excited to be in the midst of a holiday season where the consumer appears to be regaining confidence and is more willing to make discretionary purchases. I'm going to start with a summary of the third quarter, then move to our expectations and plans for the fourth quarter, and finally give you a bit of a sneak preview on our plans for 2025.

But before jumping into the results of the third quarter, I want to acknowledge the multiple headwinds faced by our brands in the third quarter, including the conclusion of the most intense election cycle in recent memory and the impact of two major hurricanes that devastated parts of the Southeastern United States.