Oxford Industries Sees FY24 Net Sales $1.59B-$1.63B vs $1.64B Est., Adj. EPS $8.60-$9.00 vs $9.47 Est.; Sees Q2 Adj. EPS $2.95-$3.15 vs $3.58 Est., Revenue $430M-$450M vs $452M Est.
Portfolio Pulse from Benzinga Newsdesk
Oxford Industries has provided its financial outlook for FY24 and Q2, with net sales and adjusted EPS estimates falling short of analyst expectations.
June 12, 2024 | 8:08 pm
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NEGATIVE IMPACT
Oxford Industries has provided a financial outlook for FY24 and Q2 that falls short of analyst expectations. The company sees FY24 net sales between $1.59B and $1.63B, below the $1.64B estimate, and adjusted EPS between $8.60 and $9.00, below the $9.47 estimate. For Q2, the company expects adjusted EPS between $2.95 and $3.15, also below the $3.58 estimate, and revenue between $430M and $450M, below the $452M estimate.
The financial outlook provided by Oxford Industries for both FY24 and Q2 is below analyst expectations. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100