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Oxford Industries, Inc. (NYSE: OXM) reported downbeat financial results for its fourth quarter and issued weak guidance for the first quarter on Thursday.
Fashion conglomerate Oxford Industries (NYSE:OXM) fell short of analysts' expectations in Q4 CY2023, with revenue up 5.7% year on year to $404.4 million. Next quarter's revenue guidance of $405 million also underwhelmed, coming in 2.1% below analysts' estimates. It made a non-GAAP profit of $1.90 per share, down from its profit of $2.28 per share in the same quarter last year.