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Shares of Tommy Bahama, Lilly Pulitzer maker jump on stronger forecast

Shares of Tommy Bahama, Lilly Pulitzer maker jump on stronger forecast

Shares of clothing maker Oxford Industries Inc. rose 6.3% after hours on Wednesday after the company raised its full-year outlook, following strong demand for its Tommy Bahama brand, gains from "another period of robust full-price selling" and confidence heading into the holidays. The company, which also owns the Lilly Pulitzer resort-wear brand, said it expected full-year net sales of between $1.395 billion and $1.410 billion, up from a prior forecast of between $1.3 billion and $1.325 billion.