Oxford Industries Foresees Profit Decline Due to Consumers' Caution

Thursday, 28 March 2024, 21:29

Oxford Industries, the maker of Tommy Bahama and Lilly Pulitzer clothing, reported a potential profit impact in the upcoming months. The company's investments in expansion coupled with consumer hesitancy are expected to weigh on profitability. This news has caused shares of Oxford Industries Inc. to decline after hours.
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Oxford Industries Foresees Profit Decline Due to Consumers' Caution

Oxford Industries Warns of Profit Decline

Shares of Oxford Industries Inc. fell after hours on Thursday after the maker of Tommy Bahama and Lilly Pulitzer clothing warned that its investments in expansion and consumer hesitation would weigh on profits in the months ahead.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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