U.S. stock futures are on the rise this morning, with the Dow futures gaining momentum. However, the pre-market session saw several notable losses, including Oxford Industries, GameStop, and BeiGene. Oxford Industries shares plummeted after disappointing earnings, while GameStop continued its downward trend. BeiGene, after a significant gain on Wednesday, faced a decline in pre-market trading.
Results for: Oxford Industries
Oxford Industries, Inc. (OXM) reported weaker-than-expected second-quarter financial results, missing both earnings and revenue estimates. The company attributed the shortfall to declining consumer sentiment, leading to a drop in full-price sales and increased demand for promotions. Oxford Industries lowered its third-quarter guidance and revised its full-year outlook.
Oxford Industries, the apparel company behind Tommy Bahama and Lilly Pulitzer, is set to release its quarterly earnings report on September 11th. Analysts expect strong earnings, and investors will be closely watching for guidance on the upcoming quarter. This article analyzes Oxford Industries’s recent performance, compares it to its peers, and explores key financial metrics.