Shares of Oxford Industries (NYSE:OXM), a prominent clothing company, dropped 12.3% to $54.88 in premarket trading on Friday following a disappointing outlook for 2025.
Late Thursday, the company projected its adjusted profit for the year to fall between $4.60 and $5.00 per share, significantly below the $6.59 per share that analysts had anticipated, according to data compiled by LSEG.
The company also issued a first-quarter net sales forecast ranging from $375 million to $395 million, falling short of Wall Street’s expectations of $401.2 million.
The weaker-than-expected guidance has heightened concerns among investors, contributing to the sharp decline in its stock price.
Meanwhile, Oxford Industries has faced a challenging year, with its stock already down 44.4% over the past 12 months as of its last closing price.