Oxford Industries swings to Q1 profit, raises outlook Image: Lilly Pulitzer website Consolidated net sales in the first quarter at Oxford Industries were 266 million dollars compared to 160 million dollars and 282 million dollars in the first quarters of fiscal 2020 and fiscal 2019, respectively. Earnings on a GAAP basis increased to 1.70 dollars per share compared to a loss of 4.02 dollars in the first quarter of fiscal 2020 and earnings per share of 1.29 dollars in the first quarter of fiscal 2019. On an adjusted basis, earnings increased to 1.89 dollars per share compared to a loss of 1.12 dollars in the first quarter of fiscal 2020 and earnings of 1.30 dollars in the first quarter of fiscal 2019. The company noted that 14 million dollars of the 16 million dollars sales decrease from the first quarter of fiscal 2019 was due to lower sales in Lanier Apparel, which the company is exiting. Commenting on the first quarter performance, Thomas C. Chubb III, the companys chairman and CEO, said: Our focus over the past year on delivering happiness to our customers and investing in enhanced digital, marketing and store capabilities, as well as in bars and restaurants, have strengthened our foundation for profitable growth. Oxfords results against Q12019 Compared to the first quarter of fiscal 2019, full price e-commerce sales grew 55 percent to 74 million dollars, with growth in all branded businesses.