Oxford Industries (OXM) saw its stock price plummet 7.26% in after-hours trading on Thursday following the release of its fourth-quarter results and fiscal year 2025 guidance. The apparel company's performance and outlook fell short of market expectations, triggering a sell-off among investors.
For the fourth quarter, Oxford Industries reported consolidated net sales of $391 million, slightly above the analysts' consensus estimate of $383.9 million. However, the company's fiscal year 2025 outlook disappointed investors. Oxford Industries projected full-year adjusted earnings per share between $4.60 and $5.00, significantly below the Street's expectation of $6.59. Additionally, the company forecasted fiscal year 2025 revenue in the range of $1.49 billion to $1.53 billion, which also fell short of the $1.51 billion analysts were anticipating.
The weak guidance suggests that Oxford Industries, known for brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was, may be facing challenges in the upcoming fiscal year. The company's substantial planned capital expenditure of about $125 million for fiscal 2025 also raised concerns among investors about potential pressure on profitability. As a result, the stock, which closed the regular trading session at $61.52, dropped to around $57 in after-hours trading, reflecting the market's negative reaction to the company's outlook.
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