Tariffs Mar Oxford Industries' Outlook
In a reminder of the volatility of consumer discretionary investments focused on retail, Oxford Industries (NYSE: OXM) misfired on hitting its own earnings guidance in fiscal second-quarter earnings released Wednesday after markets closed for trading. The parent company of the Tommy Bahama, Lilly Pulitzer, and Southern Tide fashion brands also trimmed its full-year outlook due to anticipated cost pressures from tariffs on Chinese-manufactured goods. As we work through vital details from the last three months, note that all comparative numbers are presented against those of the prior-year quarter.
Data source: Oxford Industries.
Image source: Getty Images.
Source Fool.com
