Key Takeaways
- Clothing seller Oxford Industries has decreased as a surprising damage and income inflation and demanded damage to the two hurricane effects.
- The company’s Tommy Bahama, Lilly Pulitzer and Johnny fell all the sales.
- Oxford also cut the full annual management.
Shares of Oxford industry (Oxm) Tommy Bahama, Lilly Pulitzer and Johnny’s parent from one day, Johnny’s one-day dress brands reduced a surprising loss and worldview of hurricanes and consumer spending costs.
Oxford, a loss worth $ 0.11 in the third quarter for a share, analysts investigated by the visible alpha were looking for a profit worth $ 0.09 per share. The revenue fell to more than about 6%, $ 308.0 million, as well as forecasts.
Sales in Tommy Bahama landed from 5.2% to $ 161.3 million; Lilly fell from 8.5% to $ 69.8 million in Pulitzer; He fell from 6.1% to $ 46.1 million in Johnny. The developing stamps slipped from 1% to $ 30.9 million.
CEO causes inflation, ‘distracting the US elections’
CEO (CEO) Tom Chubb said, “The aggregate effect of a few years of high-inflation, which is a few years of high-inflation and more consumer expenditures combined with the distractions of the US elections and other world events, caused less and more consumer spending behavior.”
In addition, the Çubub said Helene had a negative impact on Sales in the southeastern of Helene and Milton. Chubb, about $ 4 million of the storms caused a lost sale, caused $ 4 million by creating a $ 0.14 profit decline.
Now Oxford, $ 1.51 billion, from $ 1.51 billion to $ 1.52 billion to $ 1.52 billion. Compared to the previous worldview, $ 6.70 from $ 6.70 from $ 6.70 to $ 6,70 to $ 6,70 to $ 6.70.
Oxford Industries shares are more than 20% per annum.
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