Oxford Industries (OXM) Stock

Oxford Industries' 3Q24 results show worsening sales trends across major brands, with internal factors likely contributing more than macroeconomic conditions. Despite trading at 12x FY24 earnings, the stock isn't attractive due to deteriorating margins and the need for product and assortment improvements. Management's focus on cost control is crucial, but significant investments and rising SG&A expenses pose challenges to margin recovery.

Oxford Industries, Inc. missed Q3 earnings and revenue expectations, highlighting challenges like reduced consumer spending, inflation, and hurricane impacts in key markets. Despite a YTD performance of -17%, Oxford's strong brand lineup and focus on innovation offer potential for a high-risk, high-reward investment. Financial health shows manageable debt but tight cash flow, with profitability metrics under pressure due to rising costs and capital expenditures.

Oxford Industries' third-quarter results reflect weaker-than-expected performance due to inflation, cautious spending, hurricanes, global events and a competitive market.

Shares of Oxford Industries (OXM) slumped 8% Thursday, a day after the parent of Tommy Bahama, Lilly Pulitzer, and Johnny Was apparel brands reported a surprising loss and cut its outlook as hurricanes and a consumer spending pullback hurt sales.

Oxford Industries, Inc. (NYSE:OXM ) Q3 2024 Earnings Conference Call December 11, 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 Ethan Saghi - BTIG Mauricio Serna - UBS Paul Lejuez - Citigroup Operator Greetings, and welcome to the Oxford Industries Third Quarter Fiscal 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

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.

ATLANTA, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its third quarter of fiscal 2024 ended November 2, 2024. Consolidated net sales in the third quarter of fiscal 2024 were $308 million compared to $327 million in the third quarter of fiscal 2023.

ATLANTA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its third quarter fiscal 2024 financial results after the market close on Wednesday, December 11, 2024. Following the news release, the company will also hold a conference call starting at 4:30 p.m.

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.