Oxford Industries (OXM) Reports Q3 Loss, Misses Revenue Estimates
Oxford Industries (OXM) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $1.01 per share a year ago.
Tommy Bahama maker Oxford depends on Florida for sales. It just cut its outlook following hurricanes Milton and Helene.
Shares of Oxford Industries sank after hours Wednesday after the maker of Tommy Bahama and Lilly Pulitzer clothing cut its full-year forecast — citing the impact of hurricanes Milton and Helene on the company's most crucial market, the Southeast U.S.
Oxford Industries: Important Q2 2024 Was Disappointing, The Stock Remains A Hold
Oxford Industries reported disappointing Q2 2024 results with negative comps and wholesale revenues, blaming macroeconomic factors, political events, and inadequate opening price points. Gross margins fell 100bps due to increased sales during discount periods, while SG&A expenses deleveraged due to store expansions and a new distribution center. The company reduced its annual guidance, expecting a decline in comparable sales and lower EPS, maintaining a Hold rating due to cyclical challenges and limited organic growth.
Oxford Industries: Weak Q2 Results, But Future Stability Expected
Based on weak revisions, I am downgrading my rating on Oxford Industries stock to a Hold despite possible near-term alpha due to its potential undervaluation. Oxford faces ongoing contraction in H2, but 2025 will be much stronger based on the consensus estimates. However, growth beyond this looks only moderate. If management strategically refocuses on higher-value fashion products, it could face significant inhibition from established luxury powerhouses.
Tommy Bahama Owner Oxford Industries Blames Weak Consumer Sentiment for Results
Shares of Oxford Industries (OXM) sank to their lowest level in more than two years after the clothing retailer posted worse-than-expected results and slashed its guidance as it faced what Chief Executive Officer (CEO) Tom Chubb called a "challenging consumer environment."
Oxford Industries Reports Weak Results, Joins Viper Energy And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Thursday.
Oxford Industries, Inc. (OXM) Q2 2024 Earnings Call Transcript
Oxford Industries, Inc. (NYSE:OXM ) Q2 2024 Earnings Conference Call September 11, 2024 4:30 PM ET Company Participants Brian Smith - IR Tom Chubb - Chairman and CEO Scott Grassmyer - CFO and COO Conference Call Participants Chandana Madaka - KeyBanc Capital Markets Dana Telsey - Telsey Advisory Group Mauricio Serna - UBS Janine Stichter - BTIG Paul Lejuez - Citigroup Operator Greetings and welcome to the Oxford Industries Second Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being recorded.
Oxford Industries (OXM) Q2 Earnings and Revenues Miss Estimates
Oxford Industries (OXM) came out with quarterly earnings of $2.77 per share, missing the Zacks Consensus Estimate of $3.05 per share. This compares to earnings of $3.45 per share a year ago.
Tommy Bahama parent says that people ‘are looking for deals' as it cuts guidance again
People are “looking for deals and promotions” and have flocked to Oxford Industries Inc.'s outlets and to sales at the regular stores, the parent company of Tommy Bahama and Lilly Pulitzer brands says.
Oxford's Q1 2024 Was Challenging, And The Stock Is Not An Opportunity
Oxford Industries 1Q24 results show a 5% revenue decline and lower operating margins due to cost deleveraging. Concerns arise from challenging comparable sales, lackluster performance in certain brands, and lack of improvement in gross margins. Valuation of Oxford stock at a P/E of 11x to 12x seems fair considering negative economic and fashion cycles, but not opportunistic.
Oxford Industries: Long-Term Debt Reduction Encouraging Despite Drop In Net Sales
Oxford Industries has seen a decline in net sales in the most recent earnings quarter. However, reduction in long-term debt has been encouraging. I continue to take a bullish view on Oxford Industries stock.
Oxford Industries, Inc. (OXM) Q1 2024 Earnings Call Transcript
Oxford Industries, Inc. (NYSE:OXM ) Q1 2024 Earnings Call Transcript June 12, 2024 4:30 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 Janine Stichter - BTIG Mauricio Serna - UBS Tracy Kogan - Citi Operator Greetings. Welcome to Oxford Industries, Inc. First Quarter Fiscal 2024 Earnings Conference Call.
