Why Oxford Industries Stock Plummeted by 21% Today
A top-line miss combined with guidance cuts led to an investor exodus that day.It didn't seem as if many stock investors wanted to try Oxford Industries (OXM 21.24%) on for size on Thursday. The company's shares took a real hit that day, falling by more than 21%, on a dispiriting quarterly earnings report.Slumps in key fundamentalsOxford published its third-quarter figures just after market close Wednesday. The retail clothing conglomerate -- which owns the Tommy Bahama brand, among others -- booked net sal ...