Oxford Industries: Important Q2 2024 Was Disappointing, The Stock Remains A Hold

LiudmylaSupynska/iStock via Getty Images Oxford Industries (NYSE:OXM) reported Q2 2024, and the market was disappointed. The company expected positive comps in its important second quarter and yet posted negative comps and wholesale revenues. The company blamed the macroeconomy, distracting political events, and not having more opening price point assortment. Its clients shopped more during sales events, leading to a fall in gross margins, although management commented they are not discounting more than bef ...