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DENVER — So you're the most valuable player of that annual Thanksgiving Day backyard flag football game. Or played tackle football on any level. Or ran track. Or dabbled in basketball. Or toyed with any sport, really. Well, this may be just for you: USA Football is holding talent identification camps all over the country to find that next flag football star. It's "America's Got Talent" meets "American Idol," with the stage being the field and the grand prize a chance to compete for a spot on a national team. Because it's never too early to start planning for the 2028 Olympics in Los Angeles, where flag football will make its Summer Games debut. Know this, though — it's not an easy team to make. The men's and women's national team rosters are at "Dream Team" status given the men's side has captured six of the last seven world championships and the women three in a row. To remain on top, the sport's national governing body is scouring every football field, park, track, basketball court and gym to find hidden talent to cultivate. People are also reading... USA Football has organized camps and tryouts from coast to coast for anyone ages 11 to 23. There are more than a dozen sites set up so far, ranging from Dallas (Sunday) to Chicago (Dec. 14) to Tampa (March 29) to Los Angeles (TBD) and the Boston area (April 27), where it will be held at Gillette Stadium, home of the New England Patriots. The organization has already partnered with the NFL on flag football initiatives and programs. The numbers have been through the roof, with engagement on social media platforms increasing by 86% since flag football was announced as an Olympic invitational sport in October 2023. The participation of boys and girls ages 6 to 17 in flag football last year peaked at more than 1.6 million, according to USA Football research. "We pride ourselves on elevating the gold standard across the sport," said Eric Mayes, the managing director of the high performance and national teams for USA Football. "We want to be the best in the world — and stay the best in the world." Flag football was one of five new sports added to the LA28 program. The already soaring profile of American football only figures to be enhanced by an Olympic appearance. Imagine, say, a few familiar faces take the field, too. Perhaps even NFL stars such as Tyreek Hill or Patrick Mahomes, maybe even past pro football greats donning a flag belt for a country to which they may have ties. Soon after flag football's inclusion, there was chatter of NFL players possibly joining in on the fun. Of course, there are logistical issues to tackle before their inclusion at the LA Olympics, which open July 14, 2028. Among them, training camp, because the Olympics will be right in the middle of it. The big question is this: Will owners permit high-priced players to duck out for a gold-medal pursuit? No decisions have yet been made on the status of NFL players for the Olympics. For now, it's simply about growing the game. There are currently 13 states that sanction girls flag football as a high school varsity sport. Just recently, the Pittsburgh Steelers and Philadelphia Eagles helped pave the way to get it adopted in Pennsylvania. Around the world, it's catching on, too. The women's team from Japan took third at the recent word championships, while one of the best players on the planet is Mexico quarterback Diana Flores. "Could flag football globally become the new soccer? That's something to aspire to," said Stephanie Kwok, the NFL's vice president of flag football. This type of flag football though, isn't your Thanksgiving Day game with family and friends. There's a learning curve. And given the small roster sizes, versatility is essential. Most national team members need to be a version of Colorado's two-way standout and Heisman hopeful Travis Hunter. Forget bump-and-run coverage, too, because there's no contact. None. That took some adjusting for Mike Daniels, a defensive back out of West Virginia who earned a rookie minicamp invitation with the Cleveland Browns in 2017. "If a receiver is running around, I'm thinking, 'OK, I can kind of bump him here and there and nudge him,'" Daniels explained. "They're like, 'No, you can't.' I'm just like, 'So I'm supposed to let this guy just run?!' I really rebelled at the idea at first. But you learn." The competition for an Olympic roster spot is going to be fierce because only 10 players are expected to make a squad. The best 10 will earn it, too, as credentials such as college All-American or NFL All-Pro take a backseat. "I would actually love" seeing NFL players try out, said Daniels, who's also a personal trainer in Miami. "I'm not going to let you just waltz in here, thinking, 'I played NFL football for five years. I'm popular. I have a huge name.' I'm still better than you and I'm going to prove it — until you prove otherwise." Around the house, Bruce Mapp constantly swivels his hips when turning a hallway corner or if his daughter tries to reach for a hug. It's his way of working on avoiding a "defender" trying to snare the flag. That approach has earned the receiver out of Coastal Carolina four gold medals with USA Football. The 31-year-old fully plans on going for more gold in Los Angeles. "You grow up watching Usain Bolt (win gold) and the 'Redeem Team' led by Kobe Bryant win a gold medal, you're always thinking, 'That's insane.' Obviously, you couldn't do it in your sport, because I played football," said Mapp, who owns a food truck in the Dallas area. "With the Olympics approaching, that (gold medal) is what my mind is set on." It's a common thought, which is why everything — including talent camps — starts now. "Everybody thinks, 'Yeah, the U.S. just wins,'" Daniels said. "But we work hard all the time. We don't just walk in. We don't just get off the bus thinking, 'We're going to beat people.'" Be the first to know

California Cities Are Fighting Landlords Using AI for Rent HikesAotearoa has highest reported rate of family violence against women in the developed world, with between a half to a third of all women experiencing abuse in their lifetime, and experts worry that budget cuts in the family violence sector are going to make the fight against abuse a lot harder. Family violence numbers have remained stagnant for decades, even as evidence shows the vast majority are never reported. The fight for legal support Not long after their whirlwind romance, Christchurch woman Shannon Williams' new partner needed somewhere to live. Given he had been hanging out at her place a lot anyhow, he soon moved in with her and young son. She said things were good for less than a week. "I felt like I was walking on eggshells, having to hold myself to an unrealistic standard to avoid him getting angry. The anger wasn't always directed at me, but it was enough to make me feel quite uncomfortable in my own home." But things would get much worse, when a few drinks at home with friends turned into a violent rage. "Everything was good, we were all having a really good night. I don't know what happened, but he kicked off - he ended up quite violent, he started smashing up the house. "He caused about $20,000 of damage to my property." Police were called, and her ex-partner spent a night in custody, but apologetic and embarrassed, he eventually convinced her to give him another chance. Eventually he would be charged and convicted following another incident. As a solicitor, she had an advantage when applying for the protection order, which she had within 24 hours, but acknowledged getting legal support is an issue for many women. University of Auckland associate professor Carrie Leonetti calls this the privatisation of victim safety - placing the onus on the victim to protect themselves from revictimisation - which she notes violates New Zealand's obligations under several international human rights conventions. "The Convention against Torture and Inhumane Treatment, the International Covenant on Civil and Political Rights, the United Nations Convention for the Elimination of All Forms of Discrimination against Women, the United Nations Convention on the Rights of the Child - all of these international human rights conventions put obligations on state parties to protect victims from violence and not to make victims grab a torch and a pitchfork and protect themselves." The restraining orders people get under the Harassment Act in many other countries would be handled by the police, she said. "We still largely leave the job of protecting themselves to victims in New Zealand and they're already victims of domestic violence. The last thing they need is to have to get lawyers and go to court to get restraining orders, to get Protection Orders, to get child support, to get occupancy orders from the house." Leonetti said most countries treated those procedures as a police prosecution function, where they would facilitate securing occupancy of the house and getting a protection order. And while they did not arrange child support, they will enforce an order if a parent did not pay. "In New Zealand, we still largely have a self help regime." Instead of protecting victims from revictimisation, "we push it on to victims and make them do it through old clunky, expensive, inefficient civil procedures". Police changes Despite the stubborn statistics of shame, there are fears a recent policy shift by police could lead to less family violence incidents being attended, investigated or prosecuted. Earlier this year, Police Commissioner Andrew Coster said police attendance to family harm callouts had increased 80 percent in 10 years and was "not sustainable" , but that the proposed changes, which had been trailed for six months in 2023 , were under consideration. University of Auckland associate professor Carrie Leonetti said she had grave concerns about the impact of the changes. She said the problem stemmed from the decision - dating back several years - to include family violence under the more amorphous term of family harm, which conflated criminal and non-criminal offences. Police say they will still respond to crimes, making a decision based on the 111 call as to whether the harm is criminal family violence, non criminal forms of family violence - such as coercive controlling behaviour, financial and emotional abuse - or other issues such as mental health problems, substance use or people arguing. But Leonetti said she was "baffled" police believe they can accurately distinguish between family violence from non-family violent family harm, without showing up on the doorstep and reading between the lines. "If somebody makes a 111 call and the perpetrator is standing in the room, they are not at liberty to disclose everything they need to. Or if the neighbour calls, how would the police figure out talking to the next door neighbour whether they need to respond to that home or not?" In the absence of coding those things differently when the calls are taken and triaged, there is no data to know if the police position - that they are only avoiding non-criminal non-family violence forms of family harm - is true, she said. "There is evidence from around the world, including Aotearoa New Zealand, that police are getting called out to cases that involve crimes and family violence, and not treating them as such." Leonetti also warned that the non-response could make a victim's situation substantially worse, destroying trust in authorities and emboldening the perpetrator. "The thing that keeps me up at night is, very few people call the police for family violence. On average, intimate partner violence victims call the police after the seventh or eighth occurrence. "So this is a person who hasn't called, hasn't called, hasn't called, and if - when they finally call - don't get a good response, they'll never try again. "That we're missing those opportunities is a tragedy, and it's a tragedy of the creation of our own policy." She said it was particularly frustrating given Aotearoa actually had strong laws, but family violence remained "under-reported, under-prosecuted and under-identified". "New Zealand has some of the best family violence legislation on paper that I've seen, but some of the worst rates of family violence, and some of the worst systemic responses." Overseas models University of Auckland professor in social and community health Janet Fanslow said there were overseas models that had shown huge promise in dramatically lowering family violence rates. Much of what New Zealand has been doing in the past two decades has been about increasing recognition of violence, often targeted at the victims of family violence, encouraging them to leave the relationship and seek help. While that's an important message, Fanslow wanted to see more investment in evidence-based strategies. "There are evidence-based prevention strategies that have been used elsewhere in the world which have seen dramatic decreases in intimate partner violence - I'm talking a 50 percent decrease in four years." While she acknowledged the importance of New Zealand developing "home grown solutions", Fanslow said we could learn a lot from successful international models. "Some of the successful strategies seen overseas are more community based, involving both men and women, exploring power and the use of power in relationships. "It's a great way to flip the discussion so violence becomes seen as a manifestation of power, which can be used in ways that go over the top of other people to suppress them, or you can think about power not as a zero-sum game. "It's been a transformational strategy elsewhere, because it brings men on board into the conversation, and it gives everyone a positive thing to move to." She said other well-evaluated programmes included those working with men, especially when they become new fathers. "That's a great entry, because men are interested in being good fathers, in being good parents and good partners, but we need to have the conversation with people about what that looks like, and how do you negotiate and do things like conflict resolution in ways that aren't about getting your own way at the expense of other people." Fanslow said funding cuts to the sector were counterproductive, especially cuts to parenting programmes . She said there was strong evidence showing the programmes' ability to engage parents and benefit children, and their cost effectiveness. "By supporting people to develop safe, stable and nurturing relationships with their children and giving people the skills and resources for that, it has long term benefits for the kids, and for society. "It's across all of those domains we say we're interested in - we say we're interested in better educational outcomes, we say we're interested in less crime, we say we're interested in better health - actually our relationships, and the quality of those relationships, influence all of those domains." A 2014 economic estimate - which put the cost of family violence at $4-7 billion a year - is likely a significant underestimate given increased costs, and what researchers were now learning about the long term health impacts of abuse, she said. Shannon Williams said the help she and her son received from Barnados was invaluable. She found the group meetings for the women's safety programme were important for her journey. "Before then, I don't think I realised that some of the things I experienced were abuse. It was really empowering to just sit in a room with a group of other ladies who had a similar experience - that was really healing, just to know I'm not alone and I'm not crazy. "We tend to internalise it and think there's something wrong with us, especially when you have someone constantly degrading you and devaluing you, you start to think, this is me, I'm the one causing this anger - but you can start to step back and say I wasn't doing anything wrong, this is their problem to figure out. That was really empowering."

Fauci, Schiff, And Cheney May Receive 'Preemptive Pardons'

Kosovo arrested several suspects Saturday after an explosion at a key canal feeding two of its main power plants, while neighbouring Serbia rejected accusations of staging the blast. The explosion Friday near the town of Zubin Potok, which sits in an ethnic Serb-dominated area in Kosovo's troubled north, damaged a canal that supplies water to hundreds of thousands of people and cooling systems at two coal-fired power plants that generate most of Kosovo's electricity. As security forces swarmed the area around the canal, whose concrete walls were left with a gaping hole gushing water, Prime Minister Albin Kurti visited the site and announced authorities had arrested several people. Law enforcement "carried out searches" and "collected testimony and evidence, and the criminals and terrorists will have to face justice and the law," he said. The arrests follow a security meeting late Friday, when Kurti pointed the finger at Serbia. "The attack was carried out by professionals. We believe it comes from gangs directed by Serbia," he told a press conference, without providing evidence. Serbian President Aleksandar Vucic hit back Saturday, denying the "irresponsible" and "baseless accusations". "Such unfounded claims are aimed to tarnish Serbia's reputation, as well as to undermine efforts to promote peace and stability in the region," he said in a statement to AFP. Serbian Foreign Minister Marko Djuric had earlier suggested on X that the Kosovar "regime" could itself be behind the blast, calling for an international investigation. The main political party representing Serbs in Kosovo, Serb List, also condemned the attack "in the strongest possible terms". AFP journalists at the scene saw water leaking heavily from one side of the reinforced canal, which runs from the Serb-majority north of Kosovo to the capital, Pristina. However, electricity supplies to consumers were running smoothly on Saturday morning, with authorities having found an alternative method to cool the plants, said Kosovo's Economy Minister Artane Rizvanolli. Repair work was ongoing, authorities said, while Kurti confirmed workers had managed to restore water flows to 25 percent capacity. The European Union denounced the explosion as a "terrorist attack". "It is a despicable act of sabotage on Kosovo's critical civilian infrastructure, which provides drinking water for considerable part of Kosovo's population and is a vital component of Kosovo's energy system," the bloc's top diplomat, Josep Borrell, said in a statement. The United States, France and Turkey joined the international condemnation of the attack. "We call on all parties to exercise restraint to avoid escalation in the region," Turkey's foreign ministry said. The NATO-led KFOR peacekeeping mission for Kosovo likewise called for restraint. "It is important that facts are established and that those responsible are held accountable and brought to justice," it said in a statement. The force is providing security in the surrounding area and has offered logistical, explosives removal and engineering support to the Kosovo authorities, it added. Animosity between ethnic Albanian-majority Kosovo and Serbia has persisted since the end of the war between Serbian forces and ethnic Albanian insurgents in the late 1990s. Kosovo declared independence in 2008, a move that Serbia has refused to acknowledge. Kurti's government has for months sought to dismantle a parallel system of social services and political offices backed by Belgrade to serve Kosovo's Serbs. Albanian Prime Minister Edi Rama on Saturday denounced "the act of sabotage on the critical water supply infrastructure in the Iber-Lepenc Canal" in comments on X, calling it "a serious crime that endangers the lives of Kosovo's citizens and undermines the process of normalizing relations in our region." Friday's attack came after a series of violent incidents in northern Kosovo, including the hurling of hand grenades at a municipal building and a police station earlier this week. Kosovo is due to hold parliamentary elections on February 9. ih/ach/giv/jhb/sbk

Axed Strictly star Jamie Borthwick breaks down in tears after fans fumed ‘the wrong person was sent home’NoneATLANTA, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. OXM today announced financial results for its third quarter of fiscal 2024 ended November 2, 2024. Consolidated net sales in the third quarter of fiscal 2024 were $308 million compared to $327 million in the third quarter of fiscal 2023. Loss per share on a GAAP basis was $0.25 compared to net earnings per share of $0.68 in the third quarter of fiscal 2023. On an adjusted basis, loss per share was $0.11 compared to net earnings per share of $1.01 in the third quarter of fiscal 2023. Tom Chubb, Chairman and CEO, commented, "Following a difficult third quarter, we are pleased with the beginning of the holiday season now that some recent headwinds have started to abate. The cumulative effects of several years of high inflation combined with distractions from the U.S. elections and other world events, led to less frequent and more tentative consumer spending behavior during the third quarter which is traditionally our smallest volume quarter of the year. Additionally, our most significant and important market, the Southeastern United States, was impacted by two major hurricanes in quick succession that resulted in estimated lost sales of $4 million and an estimated impact of $0.14 per share. When combined with a highly competitive and promotional environment, these headwinds led to financial performance that was weaker than expected." Mr. Chubb concluded, "Encouragingly, consumers have responded favorably to our recent product introductions and marketing campaigns, driving a nice improvement in comp store trends once the holiday season got underway. However, due to the weaker than expected consumer environment before the election and the fourth quarter impact of the hurricanes, which we project will include an additional $3 million of lost revenue and $0.11 per share, we have lowered our fiscal 2024 sales and EPS guidance. We are confident that our business model will drive profitable growth and long-term shareholder value well into the future. We could not do this without our exceptional team of people, to whom we extend our sincere gratitude." Third Quarter of Fiscal 2024 versus Fiscal 2023 Net Sales by Operating Group Third Quarter ($ in millions) 2024 2023 % Change Tommy Bahama $161.3 $170.1 (5.2%) Lilly Pulitzer 69.8 76.3 (8.5%) Johnny Was 46.1 49.1 (6.1%) Emerging Brands 30.9 31.2 (1.0%) Other (0.1) (0.1) NM Total Company $ 308.0 $ 326.6 (5.7%) Consolidated net sales of $308 million decreased compared to sales of $327 million in the third quarter of fiscal 2023. Full-price direct-to-consumer (DTC) sales decreased 8% to $200 million versus the third quarter of fiscal 2023. Full-price retail sales of $99 million were 6% lower than prior-year period. E-commerce sales of $101 million were 11% lower than prior-year period. Outlet sales of $17 million were 3% higher than prior-year period. Food and beverage sales were $24 million, a 4% increase versus prior-year period. Wholesale sales of $67 million were 2% lower than the third quarter of fiscal 2023. Gross margin was 63.1% on a GAAP basis, compared to 62.9% in the third quarter of fiscal 2023. The increase in gross margin was primarily due to a $4 million lower LIFO accounting charge and lower discounts at Lilly Pulitzer. This was partially offset due to full-price retail and e-commerce sales representing a lower proportion of net sales at Tommy Bahama, Lilly Pulitzer and Johnny Was with more sales occurring during promotional and clearance events. Adjusted gross margin, which excludes the effect of LIFO accounting, decreased to 63.0% compared to 64.0% on an adjusted basis in the prior-year period. SG&A was $205 million compared to $195 million last year. On an adjusted basis, SG&A was $201 million compared to $191 million in the prior-year period. The increase in SG&A was primarily driven by: Expenses related to 33 new store openings since the third quarter of fiscal 2023, including four Tommy Bahama Marlin Bars. Pre-opening expenses related to approximately five additional stores planned to open in the fourth quarter of fiscal 2024, including two additional Tommy Bahama Marlin Bars that are expected to open in the next few months. The addition of Jack Rogers. Royalties and other operating income of $4 million were comparable to the third quarter of fiscal 2023. Operating loss was $6 million, or (2.0%) of net sales, compared to operating income of $14 million, or 4.4% of net sales, in the third quarter of fiscal 2023. On an adjusted basis, operating income decreased to an operating loss of $3 million, or (1.1%) of net sales, compared to operating income of $21 million, or 6.6% of net sales, in the third quarter of fiscal 2023. The decreased operating income includes the impact of decreased net sales and increased SG&A as the Company continues to invest in the business. Interest expense decreased from $1 million in the prior year period. The decreased interest expense was primarily due to a lower average outstanding debt balance during the third quarter of fiscal 2024 than the third quarter of fiscal 2023. Due to lower earnings during the third quarter as compared to our other fiscal quarters, certain discrete or other items have a more pronounced impact on the effective tax rate. Our effective income tax rate of 42.5% for the third quarter of fiscal 2024 included the impact of discrete, favorable US federal return-to-provision adjustments primarily related to an increase in the research and development tax credit and certain adjustments to the US taxation on foreign earnings. For the third quarter of fiscal 2023, our effective income tax rate of 18.6% included the favorable utilization of the research and development tax credit and adjustments to the US taxation on foreign earnings which reduced the effective tax rate. Balance Sheet and Liquidity Inventory decreased $3 million, or 2%, on a LIFO basis and increased $2 million, or 1%, on a FIFO basis compared to the end of the third quarter of fiscal 2023. Inventory balances were comparable in all operating groups. During the first nine months of fiscal 2024, cash flow from operations was $104 million compared to $169 million in the first nine months of fiscal 2023. The cash flow from operations in the first nine months of fiscal 2024, along with borrowings of $29 million, provided sufficient cash to fund $92 million of capital expenditures and $33 million of dividends. During the third quarter of fiscal 2024, long-term debt decreased to $58 million compared to $66 million of borrowings outstanding at the end of the third quarter of fiscal 2023 as cash flow from operations exceeded increased capital expenditures primarily associated with the project to build a new distribution center in Lyons, Georgia, payments of dividends and working capital requirements. The Company had $7 million of cash and cash equivalents versus $8 million of cash and cash equivalents at the end of the third quarter of fiscal 2023. Dividend The Board of Directors declared a quarterly cash dividend of $0.67 per share. The dividend is payable on January 31, 2025 to shareholders of record as of the close of business on January 17, 2025. The Company has paid dividends every quarter since it became publicly owned in 1960. Outlook For fiscal 2024 ending on February 1, 2025, the Company revised its sales and EPS guidance. The Company now expects net sales in a range of $1.50 billion to $1.52 billion as compared to net sales of $1.57 billion in fiscal 2023. In fiscal 2024, GAAP EPS is expected to be between $5.78 and $5.98 compared to fiscal 2023 GAAP EPS of $3.82. Adjusted EPS is expected to be between $6.50 and $6.70, compared to fiscal 2023 adjusted EPS of $10.15. For the fourth quarter of fiscal 2024, the Company expects net sales to be between $375 million and $395 million compared to net sales of $404 million in the fourth quarter of fiscal 2023. GAAP EPS is expected to be between $1.02 and $1.22 in the fourth quarter compared to a GAAP loss per share of $3.85 in the fourth quarter of fiscal 2023 that included noncash impairment charges totaling $114 million, or $5.31 per share. Adjusted EPS is expected to be between $1.18 and $1.38 compared to adjusted EPS of $1.90 in the fourth quarter of fiscal 2023. The Company anticipates interest expense of $3 million in fiscal 2024, with interest expense expected to be $1 million in the fourth quarter of fiscal 2024. The Company's effective tax rate is expected to be approximately 23% for the full year of fiscal 2024. Capital expenditures in fiscal 2024, including the $92 million in the first nine months of fiscal 2024, are expected to be approximately $150 million compared to $74 million in fiscal 2023. The planned year-over-year increase in capital expenditures includes approximately $75 million now budgeted in fiscal 2024 for the distribution center project in Lyons, Georgia. Additionally, we have been investing in new brick and mortar locations, relocations and remodels of existing locations resulting in a year-over-year net increase of full price stores of approximately 30 by the end of fiscal 2024, which includes approximately five planned to open in the fourth quarter of the year. We will also continue with our investments in our various technology systems initiatives, including e-commerce and omnichannel capabilities, data management and analytics, customer data and insights, cybersecurity, automation, including artificial intelligence, and infrastructure. Conference Call The Company will hold a conference call with senior management to discuss its financial results at 4:30 p.m. ET today. A live web cast of the conference call will be available on the Company's website at www.oxfordinc.com . A replay of the call will be available through December 25, 2024 by dialing (412) 317-6671 access code 13750235. About Oxford Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama ® , Lilly Pulitzer ® , Johnny Was®, Southern Tide ® , The Beaufort Bonnet Company ® , Duck Head ® and Jack Rogers ® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com . Basis of Presentation All per share information is presented on a diluted basis. Non-GAAP Financial Information The Company reports its consolidated financial statements in accordance with generally accepted accounting principles (GAAP). To supplement these consolidated financial results, management believes that a presentation and discussion of certain financial measures on an adjusted basis, which exclude certain non-operating or discrete gains, charges or other items, may provide a more meaningful basis on which investors may compare the Company's ongoing results of operations between periods. These measures include adjusted earnings, adjusted earnings per share, adjusted gross profit, adjusted gross margin, adjusted SG&A, and adjusted operating income, among others. Management uses these non-GAAP financial measures in making financial, operational, and planning decisions to evaluate the Company's ongoing performance. Management also uses these adjusted financial measures to discuss its business with investment and other financial institutions, its board of directors and others. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables included at the end of this release. Safe Harbor This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation, demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, elevated interest rates, concerns about the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors; possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures and the impact of the recent elections in the United States; competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment; acquisition activities (such as the acquisition of Johnny Was), including our ability to integrate key functions, recognize anticipated synergies and minimize related disruptions or distractions to our business as a result of these activities; supply chain disruptions; changes in trade policies and regulations, including the potential for increases or changes in duties, current and potentially new tariffs or quotas; costs and availability of labor and freight deliveries, including our ability to appropriately staff our retail stores and food & beverage locations; costs of products as well as the raw materials used in those products, as well as our ability to pass along price increases to consumers; energy costs; our ability to respond to rapidly changing consumer expectations; unseasonal or extreme weather conditions or natural disasters, such as the September and October 2024 hurricanes impacting the Southeastern United States; lack of or insufficient insurance coverage; the ability of business partners, including suppliers, vendors, wholesale customers, licensees, logistics providers and landlords, to meet their obligations to us and/or continue our business relationship to the same degree as they have historically; retention of and disciplined execution by key management and other critical personnel; cybersecurity breaches and ransomware attacks, as well as our and our third party vendors' ability to properly collect, use, manage and secure business, consumer and employee data and maintain continuity of our information technology systems; the effectiveness of our advertising initiatives in defining, launching and communicating brand-relevant customer experiences; the level of our indebtedness, including the risks associated with heightened interest rates on the debt and the potential impact on our ability to operate and expand our business; the timing of shipments requested by our wholesale customers; fluctuations and volatility in global financial and/or real estate markets; our ability to identify and secure suitable locations for new retail store and food & beverage openings; the timing and cost of retail store and food & beverage location openings and remodels, technology implementations and other capital expenditures; the timing, cost and successful implementation of changes to our distribution network; the effectiveness of recent, focused efforts to reassess and realign our operating costs in light of revenue trends, including potential disruptions to our operations as a result of these efforts; pandemics or other public health crises; expected outcomes of pending or potential litigation and regulatory actions; the increased consumer, employee and regulatory focus on sustainability issues and practices, including failures by our suppliers to adhere to our vendor code of conduct; the regulation or prohibition of goods sourced, or containing raw materials or components, from certain regions and our ability to evidence compliance; access to capital and/or credit markets; factors that could affect our consolidated effective tax rate; the risk of impairment to goodwill and other intangible assets such as the recent impairment charges incurred in our Johnny Was segment; and geopolitical risks, including ongoing challenges between the United States and China and those related to the ongoing war in Ukraine, the Israel-Hamas war and the conflict in the Red Sea region. Forward-looking statements reflect our expectations at the time such forward-looking statements are made, based on information available at such time, and are not guarantees of performance. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these expectations could prove inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability to control or predict. Should one or more of these risks or uncertainties, or other risks or uncertainties not currently known to us or that we currently deem to be immaterial, materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors relating to these risks and uncertainties include, but are not limited to, those described in Part I. Item 1A. Risk Factors contained in our Fiscal 2023 Form 10-K, and those described from time to time in our future reports filed with the SEC. We caution that one should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We disclaim any intention, obligation or duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Contact: Brian Smith E-mail: InvestorRelations@oxfordinc.com Oxford Industries, Inc. Consolidated Balance Sheets (in thousands, except par amounts) (unaudited) November 2, October 28, 2024 2023 ASSETS Current Assets Cash and cash equivalents $ 7,027 $ 7,879 Receivables, net 75,991 60,101 Inventories, net 154,263 157,524 Income tax receivable 19,377 19,454 Prepaid expenses and other current assets 50,445 46,421 Total Current Assets $ 307,103 $ 291,379 Property and equipment, net 244,987 188,686 Intangible assets, net 253,237 273,444 Goodwill 27,416 124,230 Operating lease assets 327,896 246,399 Other assets, net 46,725 34,864 Deferred income taxes 15,769 3,154 Total Assets $ 1,223,133 $ 1,162,156 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable $ 77,597 $ 68,565 Accrued compensation 17,502 20,219 Current portion of operating lease liabilities 66,270 65,224 Accrued expenses and other liabilities 55,218 58,504 Total Current Liabilities $ 216,587 $ 212,512 Long-term debt 57,816 66,219 Non-current portion of operating lease liabilities 310,391 226,238 Other non-current liabilities 26,171 20,675 Deferred income taxes — 9,399 Shareholders' Equity Common stock, $1.00 par value per share 15,701 15,625 Additional paid-in capital 186,590 174,730 Retained earnings 412,741 439,755 Accumulated other comprehensive loss (2,864 ) (2,997 ) Total Shareholders' Equity $ 612,168 $ 627,113 Total Liabilities and Shareholders' Equity $ 1,223,133 $ 1,162,156 Oxford Industries, Inc. Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited) Third Quarter First Nine Months Fiscal 2024 Fiscal 2023 Fiscal 2024 Fiscal 2023 Net sales $ 308,025 $ 326,630 $ 1,126,095 $ 1,167,046 Cost of goods sold 113,511 121,211 408,209 417,769 Gross profit $ 194,514 $ 205,419 $ 717,886 $ 749,277 SG&A 204,721 194,822 634,675 603,202 Royalties and other operating income 3,967 3,863 15,510 16,360 Operating income (loss) $ (6,240 ) $ 14,460 $ 98,721 $ 162,435 Interest expense, net 610 1,217 1,573 4,856 Earnings (loss) before income taxes $ (6,850 ) $ 13,243 $ 97,148 $ 157,579 Income tax expense (benefit) (2,913 ) 2,461 22,070 36,806 Net earnings (loss) $ (3,937 ) $ 10,782 $ 75,078 $ 120,773 Net earnings (loss) per share: Basic $ (0.25 ) $ 0.69 $ 4.80 $ 7.75 Diluted $ (0.25 ) $ 0.68 $ 4.74 $ 7.57 Weighted average shares outstanding: Basic 15,697 15,587 15,652 15,589 Diluted 15,697 15,787 15,825 15,947 Dividends declared per share $ 0.67 $ 0.65 $ 2.01 $ 1.95 Oxford Industries, Inc. Consolidated Statements of Cash Flows (in thousands) (unaudited) First Nine Months Fiscal 2024 Fiscal 2023 Cash Flows From Operating Activities: Net earnings $ 75,078 $ 120,773 Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation 41,431 35,476 Amortization of intangible assets 8,865 11,003 Equity compensation expense 12,849 11,034 Gain on sale of property and equipment — (1,756 ) Amortization and write-off of deferred financing costs 289 465 Deferred income taxes 8,377 6,448 Changes in operating assets and liabilities, net of acquisitions and dispositions: Receivables, net (10,557 ) (11,651 ) Inventories, net 5,146 61,598 Income tax receivable 172 (14 ) Prepaid expenses and other current assets (7,420 ) (8,337 ) Current liabilities (22,655 ) (54,468 ) Other balance sheet changes (8,050 ) (1,173 ) Cash provided by operating activities $ 103,525 $ 169,398 Cash Flows From Investing Activities: Acquisitions, net of cash acquired (315 ) (3,320 ) Purchases of property and equipment (92,249 ) (54,496 ) Proceeds from the sale of property, plant and equipment — 2,125 Other investing activities (1,304 ) (33 ) Cash used in investing activities $ (93,868 ) $ (55,724 ) Cash Flows From Financing Activities: Repayment of revolving credit arrangements (264,567 ) (369,159 ) Proceeds from revolving credit arrangements 293,079 316,368 Deferred financing costs paid — (1,661 ) Repurchase of common stock — (20,045 ) Proceeds from issuance of common stock 1,445 1,509 Repurchase of equity awards for employee tax withholding liabilities (6,199 ) (9,941 ) Cash dividends paid (32,532 ) (31,487 ) Other financing activities (1,513 ) — Cash used in financing activities $ (10,287 ) $ (114,416 ) Net change in cash and cash equivalents (630 ) (742 ) Effect of foreign currency translation on cash and cash equivalents 53 (205 ) Cash and cash equivalents at the beginning of year 7,604 8,826 Cash and cash equivalents at the end of period $ 7,027 $ 7,879 Oxford Industries, Inc. Reconciliations of Certain Non-GAAP Financial Information (in millions, except per share amounts) (unaudited) Third Quarter First Nine Months AS REPORTED Fiscal 2024 Fiscal 2023 % Change Fiscal 2024 Fiscal 2023 % Change Tommy Bahama Net sales $ 161.3 $ 170.1 (5.2)% $ 632.0 $ 655.0 (3.5)% Gross profit $ 102.8 $ 111.2 (7.5)% $ 401.8 $ 424.7 (5.4)% Gross margin 63.8% 65.4% 63.6% 64.8% Operating income $ 0.4 $ 12.1 (96.3)% $ 84.0 $ 118.7 (29.2)% Operating margin 0.3% 7.1% 13.3% 18.1% Lilly Pulitzer Net sales $ 69.8 $ 76.3 (8.5)% $ 249.9 $ 265.1 (5.7)% Gross profit $ 43.7 $ 47.1 (7.2)% $ 165.1 $ 178.5 (7.5)% Gross margin 62.6% 61.7% 66.1% 67.3% Operating income $ 4.0 $ 6.8 (40.9)% $ 36.5 $ 49.9 (26.8)% Operating margin 5.7% 8.9% 14.6% 18.8% Johnny Was Net sales $ 46.1 $ 49.1 (6.1)% $ 147.6 $ 150.6 (2.0)% Gross profit $ 30.1 $ 33.8 (10.8)% $ 96.8 $ 103.3 (6.3)% Gross margin 65.3% 68.8% 65.6% 68.6% Operating income (loss) $ (4.1 ) $ 0.9 (536.3)% $ (5.4 ) $ 7.3 (174.3)% Operating margin (8.8) % 1.9% (3.7) % 4.8% Emerging Brands Net sales $ 30.9 $ 31.2 (1.0)% $ 96.8 $ 96.7 0.1% Gross profit $ 17.6 $ 16.8 4.9% $ 56.9 $ 48.2 17.9% Gross margin 57.1% 53.9% 58.8% 49.9% Operating income $ 1.2 $ 3.7 (68.0)% $ 7.8 $ 10.7 (26.8)% Operating margin 3.8% 11.9% 8.1% 11.0% Corporate and Other Net sales $ (0.1 ) $ (0.1 ) NM $ (0.2 ) $ (0.4 ) NM Gross profit $ 0.3 $ (3.4 ) NM $ (2.7 ) $ (5.5 ) NM Operating loss $ (7.8 ) $ (9.1 ) NM $ (24.2 ) $ (24.0 ) NM Consolidated Net sales $ 308.0 $ 326.6 (5.7)% $ 1,126.1 $ 1,167.0 (3.5)% Gross profit $ 194.5 $ 205.4 (5.3)% $ 717.9 $ 749.3 (4.2)% Gross margin 63.1% 62.9% 63.8% 64.2% SG&A $ 204.7 $ 194.8 5.1% $ 634.7 $ 603.2 5.2% SG&A as % of net sales 66.5% 59.6% 56.4% 51.7% Operating income (loss) $ (6.2 ) $ 14.5 (143.2)% $ 98.7 $ 162.4 (39.2)% Operating margin (2.0) % 4.4% 8.8% 13.9% Earnings (loss) before income taxes $ (6.9 ) $ 13.2 (151.7)% $ 97.1 $ 157.6 (38.3)% Net earnings (loss) $ (3.9 ) $ 10.8 (136.5)% $ 75.1 $ 120.8 (37.8)% Net earnings (loss) per diluted share $ (0.25 ) $ 0.68 (136.7)% $ 4.74 $ 7.57 (37.4)% Weighted average shares outstanding - diluted 15.7 15.8 (0.6)% 15.8 15.9 (0.8)% Third Quarter First Nine Months ADJUSTMENTS Fiscal 2024 Fiscal 2023 % Change Fiscal 2024 Fiscal 2023 % Change LIFO adjustments ( 1) $ (0.4 ) $ 3.5 $ 2.4 $ 6.3 Amortization of Johnny Was intangible assets ( 2) $ 2.7 $ 3.5 $ 8.2 $ 10.4 Gain on sale of Merida manufacturing facility ( 3) $ 0.0 $ 0.0 $ 0.0 $ (1.8 ) Johnny Was distribution center relocation costs ( 4) $ 0.7 $ 0.0 $ 1.6 $ 0.0 Impact of income taxes ( 5) $ (0.8 ) $ (1.8 ) $ (3.1 ) $ (3.9 ) Adjustment to net earnings ( 6) $ 2.2 $ 5.2 $ 9.1 $ 11.0 AS ADJUSTED Tommy Bahama Net sales $ 161.3 $ 170.1 (5.2)% $ 632.0 $ 655.0 (3.5)% Gross profit $ 102.8 $ 111.2 (7.5)% $ 401.8 $ 424.7 (5.4)% Gross margin 63.8% 65.4% 63.6% 64.8% Operating income $ 0.4 $ 12.1 (96.3)% $ 84.0 $ 118.7 (29.2)% Operating margin 0.3% 7.1% 13.3% 18.1% Lilly Pulitzer Net sales $ 69.8 $ 76.3 (8.5)% $ 249.9 $ 265.1 (5.7)% Gross profit $ 43.7 $ 47.1 (7.2)% $ 165.1 $ 178.5 (7.5)% Gross margin 62.6% 61.7% 66.1% 67.3% Operating income $ 4.0 $ 6.8 (40.9)% $ 36.5 $ 49.9 (26.8)% Operating margin 5.7% 8.9% 14.6% 18.8% Johnny Was Net sales $ 46.1 $ 49.1 (6.1)% $ 147.6 $ 150.6 (2.0)% Gross profit $ 30.1 $ 33.8 (10.8)% $ 96.8 $ 103.3 (6.3)% Gross margin 65.3% 68.8% 65.6% 68.6% Operating income (loss) $ (0.7 ) $ 4.4 (115.1)% $ 4.4 $ 17.7 (75.3)% Operating margin (1.4) % 9.0% 3.0% 11.7% Emerging Brands Net sales $ 30.9 $ 31.2 (1.0)% $ 96.8 $ 96.7 0.1% Gross profit $ 17.6 $ 16.8 4.9% $ 56.9 $ 48.2 17.9% Gross margin 57.1% 53.9% 58.8% 49.9% Operating income $ 1.2 $ 3.7 (68.0)% $ 7.8 $ 10.7 (26.8)% Operating margin 3.8% 11.9% 8.1% 11.0% Corporate and Other Net sales $ (0.1 ) $ (0.1 ) NM $ (0.2 ) $ (0.4 ) NM Gross profit $ (0.2 ) $ 0.1 NM $ (0.3 ) $ 0.8 NM Operating loss $ (8.2 ) $ (5.5 ) NM $ (21.7 ) $ (19.5 ) NM Consolidated Net sales $ 308.0 $ 326.6 (5.7)% $ 1,126.1 $ 1,167.0 (3.5)% Gross profit $ 194.1 $ 208.9 (7.1)% $ 720.3 $ 755.6 (4.7)% Gross margin 63.0% 64.0% 64.0% 64.7% SG&A $ 201.3 $ 191.4 5.2% $ 624.9 $ 592.8 5.4% SG&A as % of net sales 65.4% 58.6% 55.5% 50.8% Operating income (loss) $ (3.2 ) $ 21.5 (115.1)% $ 110.9 $ 177.4 (37.5)% Operating margin (1.1)% 6.6% 9.9% 15.2% Earnings (loss) before income taxes $ (3.9 ) $ 20.2 (119.1)% $ 109.4 $ 172.5 (36.6)% Net earnings (loss) $ (1.7 ) $ 16.0 (110.7)% $ 84.2 $ 131.8 (36.1)% Net earnings (loss) per diluted share $ (0.11 ) $ 1.01 (110.8)% $ 5.32 $ 8.27 (35.7)% Third Quarter Third Quarter Third Quarter First Nine Months First Nine Months Fiscal 2024 Fiscal 2024 Fiscal 2023 Fiscal 2024 Fiscal 2023 Actual Guidance (7) Actual Actual Actual Net earnings (loss) per diluted share: GAAP basis $ (0.25) $ (0.16) - 0.04 $ 0.68 $ 4.74 $ 7.57 LIFO adjustments (1)(8) (0.02) 0.00 0.17 0.12 0.29 Amortization of Johnny Was intangible assets (2)(8) 0.13 0.13 0.16 0.38 0.48 Gain on sale of Merida manufacturing facility (3)(8) 0.00 0.00 0.00 0.00 (0.08) Johnny Was distribution center relocation costs (4)(8) 0.03 0.03 0.00 0.08 0.00 As adjusted (5) $ (0.11) $ 0.00 - 0.20 $ 1.01 $ 5.32 $ 8.27 Fourth Quarter Fourth Quarter Fiscal 2024 Fiscal 2023 Guidance (10) Actual Net earnings per diluted share: GAAP basis $ 1.02 - 1.22 $ (3.85) Johnny Was impairment charges (11) 0.00 5.31 Impairment of investment in unconsolidated entity (12) 0.00 0.12 LIFO adjustments (9) 0.00 0.16 Amortization of Johnny Was intangible assets (2) 0.13 0.17 Johnny Was distribution center relocation costs (4) 0.03 0.00 As adjusted (5) $ 1.18 - 1.38 $ 1.90 Fiscal 2024 Fiscal 2023 Guidance (10) Actual Net earnings per diluted share: GAAP basis $ 5.78 - 5.98 $ 3.82 Johnny Was impairment charges (11) 0.00 5.21 LIFO adjustments (1)(8) 0.11 0.45 Amortization of Johnny Was intangible assets (2)(8) 0.50 0.65 Gain on sale of Merida manufacturing facility (3)(8) 0.00 (0.08) Johnny Was distribution center relocation costs (4)(8) 0.11 0.00 Impairment of investment in unconsolidated entity (12) 0.00 0.12 As adjusted (5) $ 6.50 - 6.70 $ 10.15 (1) LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other. (2) Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in SG&A in Johnny Was. (3) Gain on sale of Merida manufacturing facility represents the gain on sale of Oxford's last owned manufacturing facility, which was located in Merida, Mexico and previously operated by the Lanier Apparel operating group. The gain is included in royalties and other operating income in Corporate and Other in Fiscal 2023. (4) Johnny Was distribution center relocation costs relate to the transition of Johnny Was distribution center operations from Los Angeles, California to Lyons, Georgia including systems integrations, employee bonuses and severance agreements, moving costs and occupancy expenses related to the vacated distribution centers. These charges are included in SG&A in Johnny Was. (5) Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings. (6) Amounts in columns may not add due to rounding. (7) Guidance as issued on September 11, 2024. (8) Adjustments shown net of income taxes. (9) No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods. (10) Guidance as issued on December 11, 2024. (11) Johnny Was impairment charges represent the impact of the impairment of the Johnny Was goodwill and intangible asset balances, net of income taxes, on net earnings per share in Fiscal 2023. (12) Impairment of investment in unconsolidated entity represents the impact, net of income taxes, on net earnings per share relating to the impairment of the ownership interest in an unconsolidated entity in Fiscal 2023. Direct to Consumer Location Count End of Q1 End of Q2 End of Q3 End of Q4 Fiscal 2023 Tommy Bahama Full-price retail store 103 101 102 102 Retail-food & beverage 21 22 21 22 Outlet 33 33 34 34 Total Tommy Bahama 157 156 157 158 Lilly Pulitzer full-price retail store 59 59 61 60 Johnny Was Full-price retail store 65 67 71 72 Outlet 2 2 2 3 Total Johnny Was 67 69 73 75 Emerging Brands Southern Tide full-price retail store 9 13 15 19 TBBC full-price retail store 3 3 3 3 Total Oxford 295 300 309 315 Fiscal 2024 Tommy Bahama Full-price retail store 102 103 106 Retail-food & beverage 23 23 25 Outlet 35 36 37 Total Tommy Bahama 160 162 168 Lilly Pulitzer full-price retail store 60 60 61 Johnny Was Full-price retail store 75 76 77 Outlet 3 3 3 Total Johnny Was 78 79 80 Emerging Brands Southern Tide full-price retail store 20 24 28 TBBC full-price retail store 4 5 5 Total Oxford 322 330 342 © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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