Fashion conglomerate Oxford Industries (NYSE: OXM) will be reporting results this Thursday after market close. Here’s what you need to know.
Oxford Industries met analysts’ revenue expectations last quarter, reporting revenues of $391.4 million, flat year on year. It was a slower quarter for the company, with full-year revenue guidance slightly missing analysts’ expectations.
Is Oxford Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Oxford Industries’s revenue to decline 2.1% year on year, improving from the 4% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Oxford Industries has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Oxford Industries’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 28.8%, beating analysts’ expectations by 5.6%, and Movado reported revenues up 4.9%, topping estimates by 3.4%. Figs traded up 26.9% following the results while Movado was down 1.3%.
Read our full analysis of Figs’s results here and Movado’s results here.
Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the consumer discretionary - apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.2% on average over the last month. Oxford Industries’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $40 (compared to the current share price of $37.98).
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