Oxford Industries Q1 profits grow 5 percent

Oxford Industries reported its net profit for Q1 increased on Wednesday. Compared with the same period last year, revenues surged by 3 percent.

For Q1, the company's net profit was 21.7 million dollars, increased from 20.6 million dollars last year. Furthermore, revenues climbed to 282 million dollars.

Oxford Industries, Inc. (NYSE: OXM) is a clothing retailer in the United States that specializes in high-end clothing and apparel. The company was founded in 1942 and carries labels, including Tommy Bahama, Ben Sherman, Lilly Pulitzer, Oxford Golf and Lanier Clothes.