Oxford Industries (OXM) Reports Earnings Tomorrow: What to Expect

Fashion conglomerate Oxford Industries (NYSE:OXM) will report tomorrow after the market closes. Here’s what to look for.

Oxford Industries met analysts’ revenue expectations last quarter, reporting revenue of $404.4 million, up 5.7% year-over-year. It was a weaker quarter for the company due to a lack of analyst estimates for operating margin and disappointing earnings forecasts for the full year.

Does the purchase or sale of Oxford Industries affect earnings? Read our full analysis here, it’s free.

Analysts expect Oxford Industries’ revenue to decline 3.6% year-over-year to $404.8 million this quarter, marking a reversal of growth from the 19.1% growth reported in the same quarter last year. Adjusted earnings per share are expected to be $2.68.

Most analysts covering the company have reaffirmed their estimates over the last 30 days, suggesting they expect the company to remain on track towards earnings. Oxford Industries has missed earnings estimates on Wall Street three times over the past two years.

Looking at Oxford Industries’ competitors in the apparel, accessories and luxury segment, some of them have already reported first-quarter results, which gives us a hint of what to expect. Figs reported flat year-over-year revenue, beating analyst expectations by 1.6%, and Kontoor Brands saw revenue decline by 5.4%, beating analysts’ estimates by 3.8%. After the results, fig shares fell 4.4%, while Kontoor Brands rose 5.7%.

Read our full analysis of Figs’ performance here and Kontoor Brands’ performance here.

Growth stocks have been highly volatile since the start of 2024, and while some apparel, accessories and luxury stocks have performed slightly better, they haven’t been spared, with share prices down an average of 2.8% over the past month. Meanwhile, Oxford Industries is down 6.6% and heading toward earnings, with an average analyst price target of $107 (versus the current share price of $101.8).

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