Oxford Industries tumbles on downbeat annual profit forecast
ReutersMar 28, 2025 12:59 PM
Shares of clothing company Oxford Industries OXM.N fall 12.3% to $54.88 premarket
Co late on Thursday forecast 2025 adj. profit in the range of $4.60/share to $5/share; analysts on average expect 2025 profit of $6.59/share, as per data compiled by LSEG
OXM expects Q1 net sales between $375 million and $395 million, lower than analysts' estimate of $401.2 million
Up to last close, OXM stock down 44.4% in the past 12 months
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