- Oxford Industries sees full-year earnings down as a result
- The company was also impacted by the macroeconomic environment
A Tommy Bahama store in Miami, Florida.
Photographer: Eva Marie Uzcategui/BloombergThe owner of clothing brand Tommy Bahama cut its full-year earnings guidance in part due to the impact of this month’s deadly wildfire on Maui. Shares fell in postmarket trading.
Oxford Industries Inc., which has six stores on the island, sees full-year sales down about $7 million in the second half of the year versus prior guidance, while earnings per share is expected to come in about 20 cents lower, according to a statement Thursday.
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Tommy Bahama Owner Cuts Outlook on Impact from Deadly Maui Fire