Profile
Sector:
Consumer CyclicalIndustry:
Apparel ManufacturingCountry:
United StatesIPO:
17 March 1980Website:
http://www.oxfordinc.comNext earnings report:
06 December 2024Last dividends:
18 October 2024Next dividends:
N/APrice
regular market | 11 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
OXM Latest News
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.
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.
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, 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) 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.
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.
ATLANTA, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its second quarter of fiscal 2024 ended August 3, 2024.
ATLANTA, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its second quarter fiscal 2024 financial results after the market close on Wednesday, September 11, 2024. Following the news release, the company will also hold a conference call starting at 4:30 p.m.
AUGUSTA, Ga. , Aug. 28, 2024 /PRNewswire/ -- Club Car ®, a leading manufacturer of golf, utility, and personal transportation vehicles, and Tommy Bahama, the iconic lifestyle brand known for its relaxed sophistication, are thrilled to announce that the highly anticipated "Tommy Bahama x Club Car Special Edition Onward Car" is now available for ordering.
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.
What type of business is Oxford Industries?
Oxford Industries, Inc. is a clothing manufacturing company that designs, sources, markets, and distributes products under owned brand names, as well as some licensed and private label clothing brands. Its brands include Tommy Bahama, Lilly Pulitzer, Southern Tide, as well as licensed specialty apparel and golf apparel brands. Oxford Industries, Inc. was founded by John Hicks Lanier, Thomas S. Chubb III, and Sartain Lanier in 1942, and its headquarters is located in Atlanta, Georgia.
What sector is Oxford Industries in?
Oxford Industries is in the Consumer Cyclical sector
What industry is Oxford Industries in?
Oxford Industries is in the Apparel Manufacturing industry
What country is Oxford Industries from?
Oxford Industries is headquartered in United States
When did Oxford Industries go public?
Oxford Industries initial public offering (IPO) was on 17 March 1980
What is Oxford Industries website?
https://www.oxfordinc.com
Is Oxford Industries in the S&P 500?
No, Oxford Industries is not included in the S&P 500 index
Is Oxford Industries in the NASDAQ 100?
No, Oxford Industries is not included in the NASDAQ 100 index
Is Oxford Industries in the Dow Jones?
No, Oxford Industries is not included in the Dow Jones index
When was Oxford Industries the previous earnings report?
No data
When does Oxford Industries earnings report?
The next expected earnings date for Oxford Industries is 06 December 2024