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OXFORD INDUSTRIES ISSUES STATEMENT

 OXFORD INDUSTRIES ISSUES STATEMENT
 ATLANTA, June 17 /PRNewswire/ -- Oxford Industries, Inc. (NYSE: OXM)


today reaffirmed that there were no corporate developments that would account for the recent decline in the price of its common stock.
 J. Hicks Lanier, chairman of Oxford, said: "We are puzzled by the precipitous plunge in the price of our shares. We know of no company or industry developments which would account for it. We will report our fourth quarter and fiscal 1992 results on July 13. We expect our full year results will be in line with analysts' expectations."
 Lanier continued: "Our outlook for fiscal 1993 is positive. Our unshipped order backlog at the end of May was well ahead of the previous year. We expect sales to grow at a 6 percent to 8 percent rate and are comfortable with analysts' projections of earnings in the range of $1.60 to $1.70 per share for the fiscal year ending May 28, 1993."
 -0- 6/17/92
 /CONTACT: R. William Lee Jr., of Oxford Industries, 404-653-1420/
 (OXM) CO: Oxford Industries, Inc. ST: Georgia IN: TEX SU:


EA-BR -- AT005 -- 1086 06/17/92 12:26 EDT
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Publication:PR Newswire
Date:Jun 17, 1992
Words:191
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