Oxford IndustriesNYSE: OXM

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 (OXM) came out with quarterly earnings of $2.66 per share, missing the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $3.78 per share a year ago.

Shares of Oxford Industries Inc. OXM, -0.98% fell after hours on Wednesday after the owner of the Tommy Bahama and Lilly Pulitzer clothing lines cut its full-year sales and profit outlook, saying that consumers have “become more cautious than originally anticipated.” The company said it expects full-year sales of $1.59 billion to $1.63 billion, compared with a forecast in March for $1.63 billion to $1.67 billion.

Oxford Industries, Inc. (OXM) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Oxford Industries (OXM) give a sense of how the business performed in the quarter ended January 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Oxford Industries (OXM) came out with quarterly earnings of $1.90 per share, missing the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $2.28 per share a year ago.

Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.

Beyond analysts' top -and-bottom-line estimates for Oxford Industries (OXM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended January 2024.

ATLANTA, March 14, 2024 (GLOBE NEWSWIRE) --  Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its fourth quarter fiscal 2023 financial results after the market close on Thursday, March 28, 2024. Following the news release, the company will also hold a conference call starting at 4:30 p.m.