Key Takeaways
- Tommy Bahama Mother Oxford Industries missed the second quarterly earnings and sales calculations and hit Outlook in the “difficult consumer environment.”
- CEO Tom Chubb said that the market conditions are weaker than expected.
- The shares of the Oxford industry rolled down more than two years.
Shares of Oxford industry (Oxm) sank to the lowest level, which has more than two years after giving more bad results than the seller of clothing, and cut the management as he met CEO (CEO) Tom Chubb called the “difficult consumer environment.”
Tommy Bahama, Lilly Pulitzer and Johnny’s owner, said brands in the second quarter Earnings for a stock (EPS) $ 2.57, 0.1% in income, glides for $ 419.9 million. Both were ashamed of consensus assessments of analysts questioned by the visible alpha.
Johnny fell by 3.4%, Tommy was $ 245.1 million in Bahama and 0.1%, 0.1%. Lilly Pulitzer increased by 0.4% to $ 91.7 million, and the company’s brands category increased by 4.3% to $ 32.9 million.
CEO notes are looking for buyers deals
Chubb, the consumer’s feeling “continued to land at the beginning of the year, and reached eight months in July,” the market conditions were weaker than expected as “more recipients”.
The company now reduces FISCAL 2024 net sales to $ 1.59 billion, $ 1.59 billion and $ 1.59 billion. This is waiting for up to 7.00 to $ 7.00 to $ 7.00 to $ 7.00.
Oxford Industries shares were at $ 81.66 in the morning on Thursday and less than $ 2.4% lower and less than 20%.
