04:31 PM EST, 12/11/2024 (MT Newswires) -- Oxford Industries ( OXM ) reported a fiscal Q3 adjusted loss late Wednesday of $0.11 a share, compared with earnings of $1.01 a year earlier.

Analysts surveyed by FactSet expected $0.09.

Sales in the quarter ended Nov. 2 were $308 million, down from $326.6 million a year earlier.

Analysts surveyed by FactSet expected $316.8 million.

The company said it expects fiscal Q4 adjusted earnings of $1.18 to $1.38 a share. Analysts surveyed by FactSet expect $1.55. The company expects sales for the quarter of between $375 million and $395 million. Analysts expect $389.3 million.

Oxford Industries ( OXM ) expects fiscal year 2024 adjusted earnings of $6.50 to $6.70 a share, compared with its prior outlook of $7 to $7.30. Analysts surveyed by FactSet expect $7.06.

The company expects sales for the year of $1.50 billion to $1.52 billion, compared with $1.51 billion to $1.54 billion previously. Analysts surveyed by FactSet expect $1.52 billion.

Shares of Oxford Industries ( OXM ) were down more than 4% in after-hours activity.