OXM

ATLANTA, Sept. 03, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its second quarter of fiscal 2026 ended August 1, 2026. Consolidated net sales in the second quarter of fiscal 2026 were $394 million compared to $403 million in the second quarter of fiscal 2025. EPS on a GAAP basis was $3.25 compared to $1.12 in the second quarter of fiscal 2025, with the current year period reflecting a $2.07 tariff related refund impact recognized during the quarter. On an adjusted basis, EPS was $1.34 compared to $1.26 in the second quarter of fiscal 2025. Tom Chubb, Chairman and CEO, commented, “Our second quarter results were in-line with our expectations, highlighted by year-over-year adjusted earnings per share growth and a low-single-digit comparable sales gain at Tommy Bahama. This performance contributed to strong cash flow generation in the first half of the year, which along with tariff refunds received to-date, we used to significantly reduce debt.” Mr. Chubb concluded, “Tommy Bahama’s positive momentum is being offset by softness in other parts of our portfolio, particularly Lilly Pulitzer which we believe is primarily attributable to addressable product and marketing challenges in a fashion merchandising business. The combination of these internal headwinds and ongoing macro-economic consumer pressure has led us to lower our guidance for fiscal 2026. We have initiated actions to position the business for profitable growth next year, including increasing our promotional activity at Lilly Pulitzer in the coming months to spur demand and prevent the build up of slow moving inventory. We’ve also implemented a broader review across the enterprise to identify opportunities aimed at enhancing our long-term earnings power that is less dependent on historical top-line growth rates.” Second Quarter of Fiscal 2026 versus Fiscal 2025 Consolidated net sales were $394 million compared to $403 million in the second quarter of fiscal 2025. Gross margin was 73.8%, compared to 61.4% in the second quarter of fiscal 2025. The increased gross margin was primarily due to (1) the favorable impact of recognizing $42 million of tariff refund claims as a reduction of cost of goods sold, (2) updated assortment, sourcing and pricing strategies resulting in higher initial mark-ups, (3) a change in sales mix with off-price wholesale sales representing a lower proportion of net sales and (4) a $1 million lower LIFO accounting charge in the second quarter of fiscal 2026 compared to the second quarter of fiscal 2025. These factors were partially offset by a change in sales mix with a higher proportion of net sales occurring during promotional events at Tommy Bahama, Lilly Pulitzer and Emerging Brands. On an adjusted basis, which excludes the impact of tariff refunds and LIFO accounting, gross margin was 63.1% compared to 61.7% in the second quarter of fiscal 2025. SG&A was $212 million compared to $209 million, impacted primarily by costs related to new brick and mortar retail locations and food and beverage locations, increases in software and consulting costs and costs associated with the transition of our Lyons, Georgia distribution center operations. On an adjusted basis, SG&A was $210 million compared to $209 million in the prior-year period. Royalties and other operating income increased to $7 million from $3 million in the second quarter of fiscal 2025 primarily reflecting the normalization of sales by our licensing partners that were impacted by the implementation of tariffs in Fiscal 2025 and $1 million of interest received related to tariff refunds. Operating income on a GAAP basis was $69 million, or 17.4% of net sales, compared to $25 million, or 6.3% of net sales, in the second quarter of fiscal 2025. On an adjusted basis, operating income was $29 million, or 7.4% of net sales, compared to $28 million, or 7.0% of net sales, in the second quarter of fiscal 2025. Interest expense of $1 million in the second quarter of fiscal 2026 was comparable to the second quarter of fiscal 2025. For both the second quarter of fiscal 2026 and second quarter of fiscal 2025, our effective tax rate of 27.3% and 30.1%, respectively, primarily reflects the unfavorable net discrete tax expense for shortfalls in stock-based compensation vesting during each respective quarter. Balance Sheet and Liquidity Inventory as of the end of the second quarter of fiscal 2026 decreased $20 million, or 12%, on a LIFO basis compared to the end of the second quarter of fiscal 2025 primarily as a result of an increase in the LIFO reserve and decreases in Emerging Brands, Lilly Pulitzer and Johnny Was. On a FIFO basis, inventory decreased $9 million, or 4%, compared to the end of the second quarter of fiscal 2025. During the first half of fiscal 2026, cash provided by operations was $97 million compared to $80 million in the first half of fiscal 2025. Borrowings outstanding decreased to $73 million at the end of the second quarter of fiscal 2026 compared to $143 million at the end of the first quarter of fiscal 2026, $81 million at the end of the second quarter of fiscal 2025 and $116 million at the end of fiscal 2025. During the first half of fiscal 2026, cash flow from operations exceeded capital expenditures of $32 million, primarily associated with the opening of new brick and mortar locations and the distribution center in Lyons, Georgia and dividend payments of $22 million. Dividend The Board of Directors declared a quarterly cash dividend of $0.70 per share. The dividend is payable on October 30, 2026, to shareholders of record as of the close of business on October 16, 2026. The Company has paid dividends every quarter since it became publicly owned in 1960. Outlook For fiscal 2026 ending January 30, 2027, the Company has revised its sales and EPS guidance. The Company now expects net sales in a range of $1.430 billion to $1.470 billion as compared to net sales of $1.478 billion in fiscal 2025. In fiscal 2026, the Company now expects GAAP earnings per share to be between $3.07 and $3.47, which includes $2.07 of tariff refund receivables and related interest, compared to fiscal 2025 GAAP net loss per share of $1.86, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted EPS is now expected to be between $1.60 and $2.00, compared to fiscal 2025 adjusted EPS of $2.11. For the third quarter of fiscal 2026, the Company expects net sales to be between $280 million and $300 million compared to net sales of $307 million in the third quarter of fiscal 2025. GAAP loss per share is expected to be between $1.47 and $1.27 in the third quarter of fiscal 2026 compared to a net loss per share of $4.28 in the third quarter of fiscal 2025, which included noncash impairment charges primarily associated with Johnny Was totaling $61 million, or $3.05 per share. Adjusted loss per share is expected to be in a range of $1.40 to $1.20 compared to a net loss per share of $0.92 in the third quarter of fiscal 2025. The Company anticipates interest expense of $6 million in fiscal 2026, including $1 million in the third quarter of fiscal 2026. The Company’s effective tax rate is expected to be between 27% and 28% for the full year of fiscal 2026 and approximately 24% for the third quarter. Capital expenditures in fiscal 2026, including the $32 million in the first half of fiscal 2026, are expected to be approximately $60 million compared to $108 million in fiscal 2025. The planned year-over-year decrease relates to fewer new store openings expected in fiscal 2026 and the completion of the new distribution center in Lyons, Georgia. Conference Call The Company will hold a conference call with senior management to discuss its financial results at 4:30 p.m. ET today. A live web cast of the conference call will be available on the Company’s website at www.oxfordinc.com. A replay of the call will be available through September 17, 2026, by dialing (412) 317-6671 access code 13762170. About Oxford Oxford Industries, Inc., a leader in the apparel industry, owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer®, Johnny Was®, Southern Tide®, The Beaufort Bonnet Company®, Duck Head® and Jack Rogers® lifestyle brands. Oxford's stock has traded on the New York Stock Exchange since 1964 under the symbol OXM. For more information, please visit Oxford's website at www.oxfordinc.com. Basis of Presentation All per share information is presented on a diluted basis. Non-GAAP Financial Information The Company reports its consolidated financial statements in accordance with generally accepted accounting principles (GAAP). To supplement these consolidated financial results, management believes that a presentation and discussion of certain financial measures on an adjusted basis, which exclude certain non-operating or discrete gains, charges or other items, may provide a more meaningful basis on which investors may compare the Company’s ongoing results of operations between periods. These measures include EBITDA, adjusted EBITDA (when applicable), adjusted segment EBITDA, adjusted net earnings (loss), adjusted net earnings (loss) per share, adjusted gross profit, adjusted gross margin, adjusted SG&A, and adjusted operating income, among others. Management uses these non-GAAP financial measures in making financial, operational, and planning decisions to evaluate the Company’s ongoing performance. Management also uses these adjusted financial measures to discuss its business with investment and other financial institutions, its board of directors and others. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables included at the end of this release. Safe Harbor This press release includes statements that constitute forward-looking statements within the meaning of the federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. We intend for all forward-looking statements contained herein, in our press releases or on our website, and all subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf, to be covered by the safe harbor provisions for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Such statements are subject to a number of risks, uncertainties and assumptions including, without limitation: changes in the trade policies of the United States and those of other nations, including risks of potential future changes or worsening trade tensions between the United States and other countries and the impact of uncertainties surrounding U.S. trade policy on consumer sentiment, inflation and financial markets; our ability to mitigate current and potential future tariffs imposed and receive remaining tariff refunds; demand for our products, which may be impacted by macroeconomic factors that may impact consumer discretionary spending and pricing levels for apparel and related products, many of which may be impacted by inflationary pressures, tariffs, interest rates, the stability of the banking industry or general economic uncertainty, and the effectiveness of measures to mitigate the impact of these factors; risks relating to our product sourcing efforts, including our ability to identify alternative countries to source and produce our products and to successfully implement changes in our supply chain; our ability to accurately forecast consumer demand and effectively manage inventory levels, including the risk of increased promotional activity and margin pressure or, conversely, lost sales as a result of inaccurate forecasts; possible changes in governmental monetary and fiscal policies, including, but not limited to, Federal Reserve policies in connection with continued inflationary pressures or other factors; competitive conditions and/or evolving consumer shopping patterns, particularly in a highly promotional retail environment, including those related to shifts in technology; global supply chain constraints that have affected, and could continue to affect, transit, and other costs, including those related to disruptions of land or sea transportation routes or distribution or shipping channels; the impact of inflationary pressures on labor costs, including wages, healthcare and other benefit-related costs; costs of products as well as the raw materials used in those products, as well as our ability to pass along price increases to consumers; energy costs, including rising fuel prices and their impact on the costs of raw materials and our distribution and logistics operations; our ability to respond to rapidly changing consumer expectations; unseasonal or extreme weather conditions or natural disasters; financial difficulties for our business partners, including suppliers, vendors, wholesale customers, licensees, logistics providers and landlords, that may impact their ability to meet their obligations to us and/or continue our business relationship to the same degree as they have historically; hiring of, retention of and disciplined execution by key management and other critical personnel, as well as the effective transition of executive level responsibilities; the execution of key strategic initiatives to drive operating performance across our enterprise; cybersecurity breaches and ransomware attacks, as well as our and our third party vendors’ ability to properly collect, use, manage and secure business, consumer and employee data and maintain continuity of our information technology systems; inability or failure to successfully and effectively implement new information technology systems and supporting controls, including artificial intelligence-enabled tools, and risks associated with third-party service providers and interconnected systems; the effectiveness of our advertising initiatives in defining, launching and communicating brand-relevant customer experiences; the level of our indebtedness, including the risks associated with heightened interest rates on the debt and the potential impact on our ability to operate and expand our business; the timing of shipments requested by our wholesale customers; fluctuations and volatility in global financial and/or real estate markets; our ability to identify and secure suitable locations for new retail store and food and beverage openings, as well as to successfully negotiate acceptable terms for the early exit or restructuring of leases for underperforming locations; the timing and cost of retail store and food and beverage location openings and remodels, technology implementations and other capital expenditures, including those related to enhancing artificial intelligence capabilities; the timing, cost and successful implementation of changes to our distribution network, including the possibility that we may not realize the anticipated benefits of our new state-of-the-art distribution center in Lyons, Georgia; the effectiveness of recent, focused efforts to reassess and realign our operating costs in light of revenue trends, including potential disruptions to our operations as a result of these efforts; expected outcomes of pending or potential litigation and regulatory actions; consumer, employee and regulatory focus on sustainability issues and practices, including failures by our suppliers to adhere to our vendor code of conduct; the regulation or prohibition of goods sourced, or containing raw materials or components, from certain regions and our ability to evidence compliance; access to capital and/or credit markets; factors that could affect our consolidated effective tax rate; the risk of impairment to goodwill and other intangible assets such as the impairment charges incurred in our Johnny Was and Jack Rogers reporting units during the third quarter of fiscal 2025; and geopolitical risks, including the U.S.-Iran conflict as well as other hostilities in the Middle East, ongoing challenges between the United States and China and those related to the ongoing war in Ukraine. Forward-looking statements reflect our expectations at the time such forward-looking statements are made, based on information available at such time, and are not guarantees of performance. Although we believe that the expectations reflected in such forward-looking statements are reasonable, these expectations could prove inaccurate as such statements involve risks and uncertainties, many of which are beyond our ability to control or predict. Should one or more of these risks or uncertainties, or other risks or uncertainties not currently known to us or that we currently deem to be immaterial, materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected. Important factors relating to these risks and uncertainties include, but are not limited to, those described in Part I. Item 1A. Risk Factors contained in our Fiscal 2025 Form 10-K, and those described from time to time in our future reports filed with the SEC. We caution that one should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We disclaim any intention, obligation or duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. The following table presents a reconciliation from segment EBITDA to net earnings (in millions): The table below summarizes adjustments made to the as reported figures shown above (in millions): The table below clarifies where the items that have been adjusted above to improve comparability of the financial information from period to period are presented in the consolidated statements of operations (in millions):

Fashion conglomerate Oxford Industries (NYSE:OXM) met Wall Street’s revenue expectations in Q2 CY2026, but sales fell by 2.2% year on year to $394.4 million. On the other hand, next quarter’s revenue guidance of $290 million was less impressive, coming in 7.5% below analysts’ estimates. Its non-GAAP profit of $1.34 per share was 2.2% above analysts’ consensus estimates. Is now the time to buy Oxford Industries? Find out in our full research report. Revenue: $394.4 million vs analyst estimates of $394.6 million (2.2% year-on-year decline, in line) Adjusted EPS: $1.34 vs analyst estimates of $1.31 (2.2% beat) Adjusted EBITDA: $86 million vs analyst estimates of $44.1 million (21.8% margin, 95% beat) The company dropped its revenue guidance for the full year to $1.45 billion at the midpoint from $1.49 billion, a 2.7% decrease Management lowered its full-year Adjusted EPS guidance to $1.80 at the midpoint, a 28% decrease Operating Margin: 17.4%, up from 6.3% in the same quarter last year Free Cash Flow Margin: 20.4%, up from 13% in the same quarter last year Market Capitalization: $563.5 million Mr. Chubb concluded, “Tommy Bahama’s positive momentum is being offset by softness in other parts of our portfolio, particularly Lilly Pulitzer which we believe is primarily attributable to addressable product and marketing challenges in a fashion merchandising business. The combination of these internal headwinds and ongoing macro-economic consumer pressure has led us to lower our guidance for fiscal 2026. We have initiated actions to position the business for profitable growth next year, including increasing our promotional activity at Lilly Pulitzer in the coming months to spur demand and prevent the build up of slow moving inventory. We’ve also implemented a broader review across the enterprise to identify opportunities aimed at enhancing our long-term earnings power that is less dependent on historical top-line growth rates.” The parent company of Tommy Bahama, Oxford Industries (NYSE:OXM) is a lifestyle fashion conglomerate with brands that embody outdoor happiness. Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Regrettably, Oxford Industries’s sales grew at a weak 8.2% compounded annual growth rate over the last five years. This was below our standard for the consumer discretionary sector and is a tough starting point for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Oxford Industries’s performance shows it grew in the past but relinquished its gains over the last two years, as its revenue fell by 2.7% annually. This quarter, Oxford Industries reported a rather uninspiring 2.2% year-on-year revenue decline to $394.4 million of revenue, in line with Wall Street’s estimates. Company management is currently guiding for a 5.6% year-on-year decline in sales next quarter. Looking further ahead, sell-side analysts expect revenue to grow 3% over the next 12 months. Although this projection implies its newer products and services will fuel better top-line performance, it is still below the sector average. ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE. Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses — everything from the cost of goods sold to advertising and wages. It’s also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Oxford Industries’s operating margin has been trending down over the last 12 months and averaged 2.5% over the last two years. The company’s profitability was mediocre for a consumer discretionary business and shows it couldn’t pass its higher operating expenses onto its customers. In Q2, Oxford Industries generated an operating margin profit margin of 17.4%, up 11.1 percentage points year on year. This increase was a welcome development, especially since its revenue fell, showing it was more efficient because it scaled down its expenses. Revenue trends explain a company’s historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth — for example, a company could inflate its sales through excessive spending on advertising and promotions. Sadly for Oxford Industries, its EPS declined by 18.6% annually over the last five years while its revenue grew by 8.2%. This tells us the company became less profitable on a per-share basis as it expanded due to non-fundamental factors such as interest expenses and taxes. In Q2, Oxford Industries reported adjusted EPS of $1.34, up from $1.26 in the same quarter last year. This print beat analysts’ estimates by 2.2%. Over the next 12 months, Wall Street expects Oxford Industries’s full-year EPS to grow 75.6% from $1.72 to $3.02. We were impressed by how significantly Oxford Industries blew past analysts’ EBITDA expectations this quarter. On the other hand, its full-year EPS guidance missed and its EPS guidance for next quarter fell short of Wall Street’s estimates. Overall, this was a weaker quarter. The stock traded down 15.8% to $30.79 immediately following the results. Oxford Industries underperformed this quarter, but does that create an opportunity to invest right now? If you’re making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it’s free.

Oxford Industries (OXM) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.32 per share. This compares to earnings of $1.26 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +1.52%. A quarter ago, it was expected that this owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines would post earnings of $1.27 per share when it actually produced earnings of $1.39, delivering a surprise of +9.45%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Oxford Industries, which belongs to the Zacks Textile - Apparel industry, posted revenues of $394.38 million for the quarter ended July 2026, surpassing the Zacks Consensus Estimate by 0.31%. This compares to year-ago revenues of $403.14 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Oxford Industries shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 12%. While Oxford Industries has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Oxford Industries was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.51 on $314.2 million in revenues for the coming quarter and $2.50 on $1.49 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Textile - Apparel is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Vince Holding Corp. (VNCE), another stock in the same industry, has yet to report results for the quarter ended July 2026. This company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of -29%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Vince Holding Corp.'s revenues are expected to be $81.01 million, up 10.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Vince Holding Corp. (VNCE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Oxford Industries, Inc.? Here are five stocks we like better. Second-quarter results were mixed: Sales declined to $394 million and comparable sales fell 1%, but gross margin expanded to 63.1%, adjusted EBITDA rose to $45 million, and adjusted EPS reached $1.34. Tommy Bahama posted low-single-digit comparable-sales growth, while Lilly Pulitzer and Johnny Was declined. Cash flow strengthened the balance sheet: Oxford received approximately $42 million in tariff refunds, helping drive first-half operating cash flow to $97 million and reduce long-term debt to $73 million from $143 million at the end of the first quarter. The company cut its fiscal 2026 outlook because of continued weakness at Lilly Pulitzer and a cautious consumer environment, forecasting sales of $1.43 billion to $1.47 billion and adjusted EPS of $1.60 to $2.00. Oxford plans a major Lilly Pulitzer assortment reset for spring 2027 and expects increased promotions through the remainder of fiscal 2026. MarketBeat ‘Stock of the Week’: FIGS has healthy growth prospects Oxford Industries (NYSE:OXM) reported second-quarter fiscal 2026 results that were within its expectations, as improved gross margin and adjusted earnings per share growth helped offset sales pressure across parts of its portfolio. The company also lowered its full-year sales and adjusted earnings outlook, citing continued weakness at Lilly Pulitzer and a cautious consumer environment. Chairman and CEO Tom Chubb said Tommy Bahama delivered low-single-digit comparable sales growth during the quarter, including a return to positive comparable sales in Florida, a major market that had posted softer results in recent periods. The company also reported significant profitability improvement at Johnny Was, while Lilly Pulitzer continued to face product assortment and marketing challenges. → Boarding Call: EHang Secures First-Mover Altitude Oxford reported second-quarter net sales of $394 million, compared with $403 million in the prior-year period. The result was near the high end of the company’s guidance range of $380 million to $400 million. Total company comparable sales declined 1%, reflecting a 3% decline in retail comparable sales and flat e-commerce comparable sales. Food and beverage sales increased 11%, primarily due to non-comparable locations, while wholesale sales fell 14%. Chief Financial Officer and Chief Operating Officer Scott Grassmyer said the wholesale decline was primarily attributable to lower sales of residual inventory through off-price channels. → Medtronic’s Stars Are Aligning for a Price Recovery Sales growth at Tommy Bahama partly offset declines at other businesses. Lilly Pulitzer and Johnny Was each recorded mid-single-digit negative comparable sales, along with lower off-price wholesale sales. Emerging Brands sales declined mainly because of lower wholesale sales. Adjusted gross margin expanded 140 basis points year over year to 63.1%. Grassmyer attributed the improvement primarily to assortment, sourcing and pricing strategies that increased initial markups, as well as a sales mix shift that reduced off-price wholesale’s share of revenue. A greater share of direct-to-consumer sales occurring during promotional events at Tommy Bahama, Lilly Pulitzer and Emerging Brands partially offset those gains. → Dutch Bros Sell-Off Creates a Growth Opportunity Adjusted selling, general and administrative expense increased slightly to $210 million from $209 million a year earlier. The increase reflected new retail and food-and-beverage locations, software and consulting costs, and expenses related to transitioning operations at Oxford’s Lyons, Georgia, distribution center. The company partially offset those costs with lower incentive compensation and reduced discretionary spending, including travel. Adjusted EBITDA rose to $45 million, or 11.4% of sales, from $43 million, or 10.7% of sales, in the prior-year quarter. Adjusted earnings per share were $1.34. Oxford recorded a $42 million reduction to cost of goods sold during the quarter for refunds of previously paid tariffs and received substantially all of that amount during or shortly after the second quarter. The tariff refunds were excluded from adjusted results. Cash flow from operations totaled $97 million in the first half of fiscal 2026, including $29 million related to tariff refunds, compared with $80 million in the first half of fiscal 2025. Capital expenditures fell to $32 million in the first half from $55 million a year earlier, largely due to fewer new brick-and-mortar locations and lower spending on the Lyons distribution center as that project nears completion. Long-term debt fell to $73 million at quarter-end, down from $143 million at the end of the first quarter and $116 million at the end of fiscal 2025. Inventory decreased 12% on a LIFO basis, including a $10 million increase in the LIFO reserve. On a FIFO basis, inventory was down 4% year over year, with reductions at Emerging Brands, Lilly Pulitzer and Johnny Was. Chubb said Lilly Pulitzer’s central issue is its assortment, particularly an inventory shift that moved too much investment away from entry-level price points and toward higher-priced products. The company had also identified product and marketing challenges during the first quarter, but said the effect has been more significant than originally expected. Because of product development lead times, Oxford expects spring 2027 to be the first season in which it can substantially reshape Lilly Pulitzer’s full assortment. Its work will focus on pricing architecture, the balance of prints, patterns and colors, the mix of social and casual-use products, and the balance between new and continuing styles. Chubb said the brand expects to be more promotional during the remainder of fiscal 2026, using targeted activity to support customer engagement and inventory sell-through. He said the changes are not expected to produce a positive trend shift during fiscal 2026, though resort product could provide an earlier indication of the planned assortment changes. In response to an analyst question, Chubb said the company had reduced the share of Lilly Pulitzer dress styles priced below $200 from about half of styles in the prior year to approximately 35% in fiscal 2026. For spring 2027, the company plans to move closer to its fiscal 2025 price architecture, while retaining some of the progress made at higher price points. Oxford is also converting selected Southern Tide and Johnny Was stores into Lilly Pulitzer locations where it believes Lilly Pulitzer has stronger market awareness and profit potential. Chubb cited a Charleston, South Carolina, Johnny Was store that had been losing money before its conversion to Lilly Pulitzer, which he said became profitable immediately after the change. Oxford now expects total company comparable sales to decline by a low-single-digit percentage for fiscal 2026, versus its prior outlook of slightly negative to slightly positive comparable sales. The company forecast full-year sales of $1.43 billion to $1.47 billion, compared with $1.478 billion in fiscal 2025. The revised outlook assumes lower sales at Lilly Pulitzer and Johnny Was, partly offset by sales growth at Tommy Bahama and Emerging Brands. Oxford expects low-single-digit declines in direct-to-consumer sales, a high-single-digit wholesale decline, and a low-double-digit increase in food-and-beverage sales supported by new locations. Full-year adjusted EPS is forecast at $1.60 to $2.00, compared with $2.11 in fiscal 2025. Gross margin, excluding tariff-refund effects, is expected to improve about 50 basis points for the year. Oxford expects gross margin expansion of about 100 basis points in both the third and fourth quarters, supported by higher initial markups and a greater direct-to-consumer mix, despite increased Lilly Pulitzer promotions. Third-quarter sales are projected at $280 million to $300 million, versus $307 million a year earlier. Third-quarter adjusted loss per share is expected to range from $1.40 to $1.20, compared with a loss of $0.92 in the prior-year period. The company expects Tommy Bahama comparable sales to be slightly positive for the full year. Chubb said women’s sales at Tommy Bahama have increased more than men’s sales this year, which he described as encouraging given the brand’s growth opportunity in women’s apparel. Oxford also began an enterprise review intended to improve operating margins over the next several years. The effort includes using the Lyons distribution center more fully, reassessing technology infrastructure, advancing data analytics and artificial intelligence capabilities, optimizing the store fleet, and consolidating finance, planning and operations oversight within Emerging Brands. Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men's and women's lifestyle apparel and accessories. The company's product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women's sportswear, and Southern Tide, which offers coastal-focused clothing and footwear. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Oxford Industries Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for September 2026.

Fashion conglomerate Oxford Industries (NYSE:OXM) will be reporting results this Thursday after market close. Here’s what you need to know. Oxford Industries met analysts’ revenue expectations last quarter, reporting revenues of $391.4 million, flat year on year. It was a slower quarter for the company, with full-year revenue guidance slightly missing analysts’ expectations. Is Oxford Industries a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members. This quarter, the market is expecting Oxford Industries’s revenue to decline 2.1% year on year, improving from the 4% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Oxford Industries has missed Wall Street’s revenue estimates multiple times over the last two years. Looking at Oxford Industries’s peers in the consumer discretionary - apparel and accessories segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Figs delivered year-on-year revenue growth of 28.8%, beating analysts’ expectations by 5.6%, and Movado reported revenues up 4.9%, topping estimates by 3.4%. Figs traded up 26.9% following the results while Movado was down 1.3%. Read our full analysis of Figs’s results here and Movado’s results here. Over the last year or so, investors' attention has moved from one major market theme to the next, spanning AI disruption and surging infrastructure investment to geopolitical tensions, interest rates, and the health of the broader economy. While some of the consumer discretionary - apparel and accessories stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.2% on average over the last month. Oxford Industries’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $40 (compared to the current share price of $37.98). ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all. Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Oxford Industries, Inc. OXM is likely to post a year-over-year increase in its bottom line when it reports second-quarter fiscal 2026 results on Sept. 3, after market close. The Zacks Consensus Estimate for quarterly earnings is pegged at $1.32 per share, indicating an increase of 4.8% from the prior-year number. The consensus estimate for earnings has been stable in the past 30 days.The consensus estimate for quarterly revenues is pegged at $393.2 million, indicating a dip of 2.5% year over year.In the last reported quarter, the company delivered an earnings surprise of 9.5%. It has a negative trailing four-quarter earnings surprise of 65.8%, on average. Oxford Industries’ quarterly results are expected to benefit from efforts to optimize its sourcing network, mitigate tariff-related cost pressures and safeguard margins. The company is also implementing targeted price increases on new products to offset higher costs while carefully managing consumer demand. Meanwhile, its continued focus on expanding direct-to-consumer sales across retail and e-commerce is expected to have supported margin improvement and strengthen customer engagement.In addition, Oxford Industries is strengthening Tommy Bahama through improved assortments, stronger execution of key products, product innovation and lifestyle-focused storytelling, while focusing on expanding its women’s business. At Johnny Was, the company is pursuing a turnaround by tightening inventory purchases, reducing promotional activity, enhancing merchandise productivity and refining its assortment and marketing strategies. OXM is also rationalizing the Johnny Was store base by closing underperforming locations and creating a more productive and efficient retail footprint.For Lilly Pulitzer, Oxford is improving merchandising and marketing by addressing entry-price gaps, product allocation, assortment and brand messaging, while responding more quickly to changes in demand. The company is also working to grow Beaufort Bonnet Company and Duck Head through stronger brand storytelling and broader distribution. The company is maintaining strict control over expenses and inventory, limiting discretionary spending and reducing unnecessary promotions to protect profitability. Such endeavors are likely to have aided OXM’s performance during the quarter under review.On the flip side, Oxford Industries has been facing headwinds, including higher tariff-related costs and continued uncertainty around trade policies. The company is also dealing with cautious consumer spending and weaker discretionary demand amid economic and geopolitical uncertainty. Performance at Lilly Pulitzer remains under pressure, particularly in e-commerce, with merchandising gaps, product assortment issues, entry price points and brand messaging affecting sales. Johnny Was is also experiencing weakness in its wholesale business, especially among specialty stores, while its direct-to-consumer sales remain soft. In addition, declining demand from specialty retailers and challenges at certain retail partners, including Saks Global, are weighing on wholesale performance. Such factors are likely to have hurt the company’s top-line performance during the quarter under review. The Zacks Consensus Estimate for Lilly Pulitzer and Johnny Was revenues is pegged at $84 million and $39.50 million, respectively, showing year-over-year decreases of 6.7% and 13%. Oxford Industries, Inc. price-eps-surprise | Oxford Industries, Inc. Quote Our proven model does not conclusively predict an earnings beat for Oxford Industries this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.Oxford Industries has an Earnings ESP of 0.00% and a Zacks Rank of 3. You can uncover the best stocks before they're reported with our Earnings ESP Filter. From a valuation perspective, Oxford Industries has a forward 12-month price-to-earnings ratio of 13.50X, below the five-year high of 17.83X and the Textile - Apparel industry’s average of 14.86X.The recent market movements show that OXM’s shares have gained 2% in the past six months against the industry's 7.5% decline. Here are some companies, which according to our model, have the right combination of elements to beat on earnings this reporting cycle.Boyd Gaming Corporation BYD currently has an Earnings ESP of +0.43% and a Zacks Rank of 3. BYD is likely to register a top-line decrease when it reports third-quarter 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $1 billion, indicating a 0.04% drop from the figure reported in the year-ago quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.The consensus estimate for BYD’s third-quarter earnings is pegged at $1.74 a share, implying a 1.2% rise from the year-earlier quarter. BYD has a trailing four-quarter average earnings surprise of 5.4%.Cintas Corporation CTAS currently has an Earnings ESP of +0.09% and a Zacks Rank of 3. The Zacks Consensus Estimate for first-quarter fiscal 2027 earnings per share is pegged at $1.35, which implies 12.5% year-over-year growth.The consensus estimate for quarterly revenues is pegged at nearly $3 billion, implying 9.2% year-over-year growth. CTAS has a trailing four-quarter earnings surprise of 1.8%, on average.Carnival CCL currently has an Earnings ESP of +0.32% and a Zacks Rank of 3. CCL is likely to register growth in its top line when it reports third-quarter fiscal 2026 results. The Zacks Consensus Estimate for its quarterly revenues is pegged at $8.4 billion, indicating a 2.6% increase from the figure in the year-ago quarter. The consensus estimate for CCL’s earnings is pegged at $1.36 per share, implying a 4.9% drop from the year-ago quarter’s actual. CCL displays a trailing four-quarter earnings surprise of 18.2%, on average. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report Carnival Corporation (CCL) : Free Stock Analysis Report Cintas Corporation (CTAS) : Free Stock Analysis Report Boyd Gaming Corporation (BYD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the consumer discretionary - apparel and accessories industry, including Oxford Industries (NYSE:OXM) and its peers. The Consumer Discretionary sector, by definition, is made up of companies selling non-essential goods and services. When economic conditions deteriorate or tastes shift, consumers can easily cut back or eliminate these purchases. For long-term investors with five-year holding periods, this creates a structural challenge: the sector is inherently hit-driven, with low switching costs and fickle customers. As a result, only a handful of companies can reliably grow demand and compound earnings over long periods, which is why our bar is high and High Quality ratings are rare. Apparel and accessories companies design, brand, and distribute clothing, handbags, jewelry, and related lifestyle products, often spanning multiple price tiers. Tailwinds include premiumization trends (consumers trading up for perceived quality), international expansion into emerging markets, and growing digital commerce penetration. However, these businesses face headwinds from highly cyclical demand, intense promotional environments, and counterfeit competition undermining brand equity. Tariff volatility and sourcing concentration in a handful of countries add risk. Additionally, rapidly changing fashion cycles and the rise of ultra-fast-fashion digital competitors compress product life cycles and make demand forecasting exceptionally difficult. The 15 consumer discretionary - apparel and accessories stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was in line. Thankfully, share prices of the companies have been resilient as they are up 5.4% on average since the latest earnings results. The parent company of Tommy Bahama, Oxford Industries (NYSE:OXM) is a lifestyle fashion conglomerate with brands that embody outdoor happiness. Oxford Industries reported revenues of $391.4 million, flat year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with EPS guidance for next quarter missing analysts’ expectations and full-year revenue guidance slightly missing analysts’ expectations. Tom Chubb, Chairman and CEO, commented, “We delivered net sales in line with our expectations, led by mid-single-digit positive comps at Tommy Bahama, and adjusted EPS above our guidance range, fueled by better-than-expected gross margins. Our overall performance also reflects softer than expected results at Lilly Pulitzer and a challenging environment marked by weak consumer sentiment and higher energy prices. At the same time, we made important progress during the first quarter on several strategic initiatives in our merchandising and marketing functions that we believe will enhance the operating performance of each of our brands over the long term." Oxford Industries delivered the weakest guidance update and weakest full-year guidance update of the whole group. The market seems disappointed with the results as the stock is down 16.2% since reporting and currently trades at $36.25. Read our full report on Oxford Industries here, it’s free. With its watches displayed in 20 museums around the world, Movado (NYSE:MOV) is a watchmaking company with a portfolio of watch brands and accessories. Movado reported revenues of $142.4 million, up 8.1% year on year, outperforming analysts’ expectations by 5.4%. The business had a stunning quarter with a beat of analysts’ EPS estimates. The market seems happy with the results as the stock is up 29.1% since reporting. It currently trades at $38.49. Is now the time to buy Movado? Access our full analysis of the earnings results here, it’s free. Founded in 1996 by a former University of Maryland football player, Under Armour (NYSE:UAA) is an apparel brand specializing in sportswear designed to improve athletic performance. Under Armour reported revenues of $1.17 billion, flat year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ adjusted operating income estimates. Interestingly, the stock is up 11.7% since the results and currently trades at $6.77. Read our full analysis of Under Armour’s results here. Originally founded as a hat store in 1938, Columbia Sportswear (NASDAQ:COLM) is a manufacturer of outerwear, sportswear, and footwear designed for outdoor enthusiasts. Columbia Sportswear reported revenues of $779 million, flat year on year. This print topped analysts’ expectations by 2.6%. It was a very strong quarter as it also put up EPS guidance for next quarter exceeding analysts’ expectations and a beat of analysts’ EPS estimates. The stock is up 3.4% since reporting and currently trades at $62.97. Read our full, actionable report on Columbia Sportswear here, it’s free. Founded in 2019 after separating from VF Corporation, Kontoor Brands (NYSE:KTB) is a clothing company known for its high-quality denim products. Kontoor Brands reported revenues of $613.3 million, up 45% year on year. This number missed analysts’ expectations by 21.3%. It was a slower quarter as it also recorded a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates. Kontoor Brands achieved the fastest revenue growth but had the weakest performance against analyst estimates among its peers. The stock is up 14.3% since reporting and currently trades at $85.67. Read our full, actionable report on Kontoor Brands here, it’s free. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Oxford Industries OXM reported first-quarter fiscal 2026 results, marked by stable revenues and stronger-than-expected profitability, even as consumer caution and brand divergence weighed on the top-line momentum. Adjusted earnings of $1.39 per share beat the Zacks Consensus Estimate of $1.27 by 9.50%. The company reported revenues of $391.4 million, which topped the consensus mark of $390.20 by 0.30%. Oxford Industries, Inc. price-consensus-eps-surprise-chart | Oxford Industries, Inc. Quote Management highlighted an improved gross margin performance, driven by sourcing initiatives and pricing actions, even as tariff costs remained a significant headwind. However, weakening demand trends into April through early June and brand-specific execution issues at Lilly Pulitzer tempered the near-term outlook. Chairman and CEO Thomas Chubb emphasized that profitability outperformance stemmed largely from gross margin resilience, supported by multi-year sourcing optimization, pricing architecture changes and a higher mix of direct-to-consumer sales. The adjusted gross margin improved to 63.4%, with approximately $11 million in incremental tariff costs absorbed during the quarter. Management noted that without tariffs, margins would have expanded year over year, underscoring structural progress in cost efficiency. CFO K. Grassmyer reinforced that lower freight costs and reduced promotional intensity also contributed to margin support. The company believes several of these improvements are structural, particularly sourcing changes and channel mix. Tommy Bahama remained the standout performer, with sales increasing nearly 4% year over year and mid-single-digit direct-to-consumer comps, driven by retail and e-commerce channels. Chubb highlighted stronger execution in core men’s categories, such as Emfielder and Boracay, alongside a notable acceleration in women’s apparel, particularly pants and woven categories. Women’s DTC sales rose 7.5%, reflecting deeper penetration into a historically under-indexed segment. The brand also saw improved cross-category engagement, with 30% of e-commerce orders including both men’s and women’s items, signaling stronger lifestyle bundling and customer stickiness. Lilly Pulitzer underperformed expectations, with sales declining nearly 9% year over year and mid-teen negative comps in e-commerce contributing to the weakness. Management attributed the shortfall to merchandising missteps, including gaps at entry price points, an overemphasis on vintage prints and excessive novelty-driven assortment that reduced versatility for customers. Chubb stressed that while external factors such as weather played a role early in the quarter, the core issues were internal execution-related. He emphasized that messaging, marketing and promotional adjustments can be addressed quickly, while assortment corrections will require longer product cycles. Johnny Was continued its restructuring phase, with sales declining nearly 13% year over year due to weakness in wholesale channels and reduced exposure to struggling specialty retail partners. Despite the top-line pressure, management emphasized meaningful improvement in the gross margin, driven by tighter inventory management, reduced promotions and improved merchandising discipline. CFO Grassmyer noted that the turnaround strategy prioritizes profitability and operational control first, with expectations for better product alignment and potential stabilization in the second half of the year. Management pointed to a clear deceleration in sales trends through April, May and early June, prompting a more cautious view of near-term demand. For the fiscal second quarter, OXM expects low-single-digit negative to flat comparable sales, with full-year comps revised to slightly negative to slightly positive. Full-year net sales guidance was narrowed to $1.48-$1.51 billion, reflecting softer demand assumptions. At the same time, EPS guidance was tightened to $2.30-$2.70, with improvements in the gross margin expected to partially offset weaker sales trends, particularly in the second half. Management reiterated that portfolio performance is increasingly bifurcated, with strength in Tommy Bahama and Emerging Brands offset by softness in Lilly Pulitzer and transitional dynamics at Johnny Was. The company’s focus remains on correcting merchandising issues, improving inventory discipline and optimizing channel mix toward direct-to-consumer growth. Leadership emphasized that brand equity remains intact across the portfolio despite execution variability. Chubb stressed that the company has been deliberately avoiding short-term defensive moves that could compromise long-term brand health, instead prioritizing product relevance and customer engagement. Oxford Industries currently carries a Zacks Rank #3 (Hold), reflecting a neutral stance amid mixed earnings estimate trends following the quarterly report. The system indicates stable but not accelerating earnings momentum at this stage. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Style Scores remain constructive, with a Value Score of A, a Growth Score of B, a Momentum Score of A and a VGM Score of A, suggesting the stock retains strong underlying quality characteristics across valuation and momentum factors. While recent results and guidance adjustments may influence future estimate revisions, the Zacks Rank framework remains focused on the forward earnings trajectory, which may shift as analysts incorporate updated demand and margin expectations. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Oxford Industries, Inc. (OXM) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research