Tommy Bahama Owner Oxford Industries Blames Weak Consumer Sentiment for Results
Oxford Industries(OXM) Investopedia·2024-09-12 23:32
Key Takeaways Tommy Bahama parent Oxford Industries missed second-quarter profit and sales estimates and slashed its outlook amid a "challenging consumer environment." CEO Tom Chubb said market conditions were weaker than expected. Shares of Oxford Industries tumbled to a more than two-year low. Shares of Oxford Industries (OXM) sank to their lowest level in more than two years after the clothing retailer posted worse-than-expected results and slashed its guidance as it faced what Chief Executive Officer (C ...