A number of stocks fell in the afternoon session after Federal Reserve Chair Jerome Powell signaled a cautious stance on future monetary policy decisions during a speech in Chicago, emphasizing that trade tariffs could add upward pressure to inflation in the short term and complicate the Fed's efforts to stabilize the economy. He warned that such trade measures are "likely to move us further away from our goals," referring to the Fed's dual mandate of price stability and maximum employment.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at apparel and accessories stocks, starting with Columbia Sportswear (NASDAQ:COLM).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how apparel and accessories stocks fared in Q4, starting with Oxford Industries (NYSE:OXM).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Stitch Fix (NASDAQ:SFIX) and the rest of the apparel and accessories stocks fared in Q4.
A number of stocks fell in the afternoon session after markets gave up early gains with optimism over progress in US-China trade talks quickly fading as the Trump administration announced plans to raise tariffs on all Chinese imports to well above 100%.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the apparel and accessories industry, including Ralph Lauren (NYSE:RL) and its peers.
Fashion conglomerate Oxford Industries (NYSE:OXM) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, but sales fell by 3.4% year on year to $390.5 million. On the other hand, next quarter’s revenue guidance of $385 million was less impressive, coming in 4.9% below analysts’ estimates. Its non-GAAP profit of $1.37 per share was 8.1% above analysts’ consensus estimates.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Levi's (NYSE:LEVI).
Over the past six months, Oxford Industries’s shares (currently trading at $79.78) have posted a disappointing 19.9% loss, well below the S&P 500’s 9.9% gain. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
Let’s dig into the relative performance of Columbia Sportswear (NASDAQ:COLM) and its peers as we unravel the now-completed Q3 apparel and accessories earnings season.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the apparel and accessories stocks, including Oxford Industries (NYSE:OXM) and its peers.
Shares of fashion conglomerate Oxford Industries (NYSE:OXM)
fell 10.3% in the morning session after the company reported weak third-quarter financial results, with revenue and EPS falling below analysts' expectations. Management blamed the weakness on several issues: surging inflation, distractions caused by U.S. elections and global events that weakened transaction volumes, and two major hurricanes in the U.S., which reduced sales by an estimated $4 million and lowered EPS by $0.14. While management acknowledged that some challenges have eased, some of the improvements might take time to show up in the numbers. Therefore, it was no surprise management gave a weak forecast; its full-year guidance for both revenue and EPS fell short of Wall Street's estimates, underscoring a disappointing quarter.
Fashion conglomerate Oxford Industries (NYSE:OXM) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 5.7% year on year to $308 million. Next quarter’s revenue guidance of $385 million underwhelmed, coming in 1.1% below analysts’ estimates. Its non-GAAP loss of $0.11 per share was significantly below analysts’ consensus estimates.
