NEW YORK — Oxford Industries Inc. late Tuesday reported lower first-quarter results that were in line with previously lowered guidance and, in light of growing economic uncertainty, further lowered expectations for the remainder of the year.
Net income dropped 44.3 percent to $9.5 million, or 59 cents a diluted share, during the three months ended May 3, from $17.1 million, or 95 cents, in the prior-year quarter. In February, Oxford lowered guidance for the first quarter to earnings of 55 cents and 60 cents a diluted share.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"