Oxford Industries is a leading apparel company that designs, markets, and distributes a diverse range of clothing and accessories
The company is known for its strong portfolio of lifestyle brands that cater to various consumer segments, including both casual and formal wear. With a focus on quality craftsmanship and innovative design, Oxford Industries creates products that appeal to a broad audience, while also emphasizing sustainability and ethical production practices. The company operates through a combination of retail stores, online platforms, and wholesale distribution channels, allowing it to effectively reach consumers and enhance brand visibility in a competitive marketplace.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Levi's (NYSELEVI).
Over the past six months, Oxford Industries’s shares (currently trading at $79.78) have posted a disappointing 19.9% loss, well below the S&P 500’s 9.9% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Let’s dig into the relative performance of Columbia Sportswear (NASDAQCOLM) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel and accessories stocks, including Oxford Industries (NYSEOXM) and its peers.
Shares of fashion conglomerate Oxford Industries (NYSEOXM)
fell 10.3% in the morning session after the company reported weak third-quarter financial results, with revenue and EPS falling below analysts' expectations. Management blamed the weakness on several issues: surging inflation, distractions caused by U.S. elections and global events that weakened transaction volumes, and two major hurricanes in the U.S., which reduced sales by an estimated $4 million and lowered EPS by $0.14. While management acknowledged that some challenges have eased, some of the improvements might take time to show up in the numbers. Therefore, it was no surprise management gave a weak forecast; its full-year guidance for both revenue and EPS fell short of Wall Street's estimates, underscoring a disappointing quarter.
Fashion conglomerate Oxford Industries (NYSEOXM) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 5.7% year on year to $308 million. Next quarter’s revenue guidance of $385 million underwhelmed, coming in 1.1% below analysts’ estimates. Its non-GAAP loss of $0.11 per share was significantly below analysts’ consensus estimates.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the apparel, accessories and luxury goods stocks, including Stitch Fix (NASDAQSFIX) and its peers.
Let’s dig into the relative performance of Under Armour (NYSEUAA) and its peers as we unravel the now-completed Q2 apparel, accessories and luxury goods earnings season.
U.S. stocks could open Thursday’s session modestly higher after the remarkable recovery they staged in the previous session. The spotlight is on the producer price inflation report for August as traders seek confirmation regarding a sustained downward move in inflation, and the weekly jobless claims report may also create some ripples.
