Workflow
OXM Posts Loss in Q3, Lowers FY24 View on Weak Consumer Landscape
OXMOxford Industries(OXM) ZACKS·2024-12-14 02:31

Oxford Industries, Inc. (OXM) posted third-quarter fiscal 2024 results, with the top and bottom lines missing the Zacks Consensus Estimate and declining year over year.The company faced weaker-than-expected financial performance due to several headwinds such as a highly competitive and promotional environment. Apart from this, high inflation contributed to more cautious and less frequent consumer spending during the fiscal third quarter, which is traditionally the company’s lowest volume period. Other chall ...