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.