Oxford Industries (OXM) Surpasses Q2 Earnings and Revenue Estimates

Oxford Industries (OXM) reported quarterly earnings of $1.34 per share, beating consensus estimates of $1.32 and surpassing year-ago earnings of $1.26. Revenue of $394.38 million slightly exceeded expectations, though it declined from $403.14 million year-over-year. The company received a Zacks Rank #3 (Hold) rating with mixed estimate revisions. Despite the earnings beat, OXM has underperformed the S&P 500, gaining 10.4% versus the market's 12% year-to-date. The Textile-Apparel industry ranks in the top 33% of Zacks industries.