Oxford Industries Slashes Guidance as Holiday Shopping Disappoints
Oxford Industries (OXM) cuts full-year outlook citing cautious consumers and weak holiday start. Tommy Bahama owner sees shares plunge after lowering sales and earnings forecasts.
Oxford Industries (OXM) cuts full-year outlook citing cautious consumers and weak holiday start. Tommy Bahama owner sees shares plunge after lowering sales and earnings forecasts.
Oxford Industries beat Q2 adjusted earnings despite lower sales and $9M tariff costs. They're mitigating $80M in yearly tariffs with sourcing changes. Q3 sales are up, boosted by new products and traffic. Full-year guidance affirmed.