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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.

Second-Quarter Sales, Margins and Earnings 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.

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.

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.

Tariff Refunds Support Cash Flow and Debt Reduction 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.

Lilly Pulitzer Reset Planned for Spring 2027 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.

Lowered Full-Year Outlook 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.

About Oxford Industries (NYSE:OXM) 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.

Oxford Industries, Inc. (OXM) Q2 2026 Earnings Call Transcript

Oxford Industries (OXM - Free Report) 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%.

What's Next for Oxford Industries?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 - Free Report) , 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.

Oxford Industries, Inc. (NYSE:OXM) will release earnings for its second quarter after the closing bell on Thursday, Sept. 3.

Analysts expect the company to report quarterly earnings of $1.31 per share. That’s up from $1.26 per share in the year-ago period. The consensus estimate for OXM’s quarterly revenue is $394.56 million. It reported $403.14 million last year, according to Benzinga Pro.

On June 10, Oxford Industries reported mixed results for the first quarter.

With the recent buzz around Oxford Industries, some investors may be eyeing potential gains from the company’s dividends too. Currently, OXM has an annual dividend yield of 7.42%, with a quarterly dividend of 70 cents per share ($2.80 per year).

To earn $500 monthly from Oxford Industries, start with a yearly target of $6,000 ($500 x 12 months).

Next, divide this amount by OXM’s $2.80 dividend: $6,000 / $2.80 = 2,143 shares.

So, an investor would need to own approximately $80,877 worth of Oxford Industries (2,143 shares) to generate a monthly dividend income of $500.

Trending

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $2.80 = 429 shares, or $16,190 to generate a monthly dividend income of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

OXM Price Action: Shares of Oxford Industries closed at $37.74 on Wednesday.

Photo via Shhutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Key Takeaways Oxford Industries expects EPS to rise 4.8%, even as quarterly revenues are projected to decline 2.5%.Tommy Bahama and sourcing efforts may support results, while Lilly Pulitzer and Johnny Was face pressure.Targeted pricing, DTC expansion and tight cost controls aim to protect margins amid tariff pressures. Oxford Industries, Inc. (OXM - Free Report) 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.

Factors Likely to Have Impacted OXM’s Q2 EarningsOxford 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%.

What the Zacks Model Unveils for OXMOur 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.

OXM’s Valuation PictureFrom 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.

Stocks With the Favorable CombinationHere 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 - Free Report) 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 - Free Report) 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 - Free Report) 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.

ATLANTA, Aug. 20, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its second quarter fiscal 2026 financial results after the market close on Thursday, September 3, 2026. Following the news release, the company will also hold a conference call starting at 4:30 p.m. ET, hosted by Thomas C. Chubb lll, Chairman, Chief Executive Officer, and President, and K. Scott Grassmyer, Executive Vice President, Chief Financial Officer, and Chief Operating Officer, to discuss its financial results.

A live webcast of the conference call will be available on the Company’s website at www.oxfordinc.com. A replay of the webcast will be available on the Company’s website through Thursday, September 17, 2026, and by phone by dialing (412) 317-6671 access code 13762170.

About Oxford

Oxford, 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® 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.

NEW YORK, July 07, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Oxford Industries, Inc. (“Oxford” or the “Company”) (NYSE: OXM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Oxford and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On June 10, 2026, Oxford Industries slashed its FY 2026 revenue guidance midpoint to $1.49 billion and projected Q2 sales roughly 5.8% below consensus estimates, representing a material reduction from prior guidance.

On this news, Oxford Industries’ stock price fell $7.36 per share, or 17.01%, to close at $35.92 per share on June 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Oxford Industries, Inc. ("Oxford" or the "Company") (NYSE: OXM). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Oxford and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On June 10, 2026, Oxford Industries slashed its FY 2026 revenue guidance midpoint to $1.49 billion and projected Q2 sales roughly 5.8% below consensus estimates, representing a material reduction from prior guidance.

On this news, Oxford Industries' stock price fell $7.36 per share, or 17.01%, to close at $35.92 per share on June 11, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Oxford Industries executives told investors the company was "on track" to meet guidance -- weeks before multiple insiders sold shares and the company cut its revenue outlook, sending OXM down 17% June 16, 2026 09:19 ET  | Source: Levi & Korsinsky, LLP

NEW YORK, June 16, 2026 (GLOBE NEWSWIRE) -- Investors in Oxford Industries, Inc. (NYSE: OXM) lost approximately 17% per share after the company disclosed a weaker-than-expected FY 2026 revenue outlook, cutting its full-year midpoint to $1.49 billion and projecting Q2 sales roughly 5.8% below Wall Street estimates. If you lost money on OXM, submit your information now to discuss your legal rights. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Weeks before the guidance cut became public, Oxford Industries told investors in a January 12, 2026 Form 8-K filed under Regulation FD that performance during the Holiday and Resort selling seasons was "on track to meet the low end of its previously issued guidance."

Shareholders who suffered losses on their Oxford Industries investment are encouraged to click here to get more information about the OXM investigation. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

WHY LEVI & KORSINSKY -- Ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years, Levi & Korsinsky, LLP is a nationally recognized leader in shareholder rights litigation. With a team of over 70 professionals, the firm has recovered hundreds of millions of dollars for investors.

Frequently Asked Questions About the OXM Investigation

Q: Who is conducting the OXM investigation? A: Levi & Korsinsky, LLP is investigating potential securities law violations on behalf of investors who purchased Oxford Industries (NYSE: OXM) securities and suffered financial losses. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Oxford Industries made materially false or misleading statements regarding its revenue outlook, operational performance, and forward guidance. When the company subsequently cut its FY 2026 guidance and disclosed a Q2 outlook approximately 5.8% below consensus, the stock price declined 17%.

Q: Who is eligible to participate in the OXM investigation? A: Investors who purchased OXM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do OXM investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What if I already sold my OXM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought OXM and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: Has Levi & Korsinsky handled similar cases before? A: Yes, including securities investigations involving revenue guidance issues, earnings misrepresentation, and executive misconduct across numerous industries.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Key Takeaways OXM posted Q1'26 EPS of $1.39, topping estimates.OXM expanded the gross margin to 63.4% on pricing, sourcing shifts and a higher DTC mix despite tariffs.OXM sees softer demand, guiding Q2 comps from a low-single-digit decline to flat amid brand divergence. Oxford Industries (OXM - Free Report) 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%.

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.

Margin Expansion Driven by Pricing & Sourcing ShiftChairman 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 Leads Portfolio StrengthTommy 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 Faces Assortment & Execution GapsLilly 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 Focuses on Profitability FirstJohnny 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.

Outlook Tempered by Softening Demand TrendsManagement 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.

Portfolio Execution Hinges on Brand RebalancingManagement 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.

OXM’s Zacks Rank & Style ScoreOxford 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.

LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Oxford Industries, Inc. (“Oxford” or “the Company”) (NYSE: OXM) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Oxford slashed its full-year revenue guidance on June 10, 2026. The Company’s shares fell sharply as a result.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

-

Oxford Industries guided investors toward a $1.50 billion revenue midpoint while undisclosed cost pressures and tariff exposure were already eroding the outlook -- then cut guidance to $1.49 billion, sending OXM down 17%.

NEW YORK--(BUSINESS WIRE)--Shareholders who held Oxford Industries, Inc. (NYSE: OXM) stock lost approximately 17% of their investment value when the company slashed its FY 2026 revenue guidance midpoint to $1.49 billion and projected Q2 sales roughly 5.8% below Wall Street consensus estimates. Those who lost money on OXM are encouraged to submit their information to Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Oxford Industries maintained a FY 2026 revenue guidance midpoint of $1.50 billion through its public communications. The revised FY 2026 guidance lowered revenue guidance midpoint to $1.49 billion and Q2 outlook of approximately $390 million and represented a material reduction from figures investors had relied upon.

Shareholders who suffered losses on their Oxford Industries investment are encouraged to click here to discuss their legal rights with Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com

Frequently Asked Questions About the OXM Investigation

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Oxford Industries made materially false or misleading statements regarding its FY 2026 revenue guidance and the underlying cost pressures and tariff exposure that were not reflected in public guidance figures. When the revised outlook was disclosed, the stock price declined 17%.

Q: When did Oxford Industries allegedly mislead investors? A: The investigation focuses on statements made during the period when Oxford Industries maintained its original FY 2026 revenue guidance midpoint of $1.50 billion through public filings and earnings communications, prior to the corrective disclosure that sent the stock lower.

Q: What do OXM investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What if I already sold my OXM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought OXM and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: Nothing. Securities investigations and any resulting actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions. If legal action is later pursued, the overwhelming majority of affected investors never appear in court either.

Q: How long will the investigation take to resolve? A: Securities fraud investigations typically take two to four years from initiation to resolution.

More News From Levi & Korsinsky, LLP

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"Synopsys tool users are gonna go through the roof": Jensen Huang, CEO of Nvidia (NVDA +2.30%) – a Synopsys customer and shareholder – spoke at the Synopsys Converge 2026 conference this month. Other chip design customers include Tesla (TSLA +4.65%), Alphabet (GOOG +1.19%) and Intel (INTC +9.34%). "Necessary tools because chips will continue to be designed": Speaking of the impact of AI on Synopsys and Cadence (CDNS 0.36%), Fool contributing analysts Travis Hoium, Jon Quast, and Jose Najarro concluded: "AI may change workflows, but it doesn't remove the need for subscriptions, and usage could rise as AI features expand." 2. Oil Shock Pushes Markets Down The Dow last week hit its longest losing streak since 2023, declining for four weeks in a row, as the uncertain direction of the conflict in Iran continues to put pressure on markets. The S&P 500 fell 1.9% over the week, with the Nasdaq down 2.1%. Futures fell 0.6% and 0.7% for the S&P 500 and Nasdaq respectively this morning. Gold is following markets down, losing over 7% earlier to just over $4,100 an ounce.

"Where can I put my money to work to make money off this?": Fool contributing analyst Jim Mueller notes "the urge to do something is really strong," but there's no point chasing prices that have already moved. He reminds us "We're looking five, 10, 20 years out, right?" So "let others 'enjoy' the panic and fear." "The war in Iran doesn't seem to be slowing down": With WTI crude still hovering around $100 per barrel, a recent Motley Fool Money podcast episode suggests higher costs could hit many industries, and highlights "how we're investing through it all." 3. Pick of the Week's Q4 Earnings Braze (BRZE +0.00%) is due to report Tuesday, after the Rule Breakers recommendation saw Q3 revenue climb 25% year over year (YoY) as management lifted full-year guidance. Watch for revenue contributions from new AI-based tools on the company's enterprise platform. Oxford Industries (OXM 17.01%) saw losses widen in Q3, partly due to a $61 million impairment, but also suffering margin pressures. Management at the Dividend Investor rec lowered full-year expectations, and we should expect net sales between $1.47 billion and $1.49 billion. Recent share price falls put the forecast dividend yield at 8.1%. Chewy (CHWY 6.06%), a Team Rule Breakers rec in Stock Advisor, will update us Wednesday – following an 8% YoY revenue rise in the previous quarter. At the time, Fool analyst Alicia Alfiere pointed out customer counts shrank after the pandemic, but noted the "trend flipped back to growth in the middle of last year," adding "net sales per active customer grew almost 5%" in Q3. 4. Your Take Which – if any – of the Magnificent Seven companies are you most tempted to invest in at the current moment? What's driving that temptation – valuation, a specific catalyst, or something else?

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Oxford Industries, Inc. (NYSE:OXM) will release earnings for its fourth quarter after the closing bell on Thursday, March 26.

Analysts expect the Atlanta, Georgia-based company to report quarterly earnings of 3 cents per share, down from $1.37 per share in the year-ago period. The consensus estimate for Oxford Industries' quarterly revenue is $371.84 million (it reported $390.5 million last year), according to Benzinga Pro.

On Dec. 10, Oxford Industries posted upbeat third-quarter results but slashed its FY25 guidance below estimates.

Oxford Industries shares fell 2.5% to close at $32.97 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Considering buying OXM stock? Here’s what analysts think:

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Initiates fiscal 2026 guidance reflecting meaningfully improved profitability on modest sales growth driven by improvement at Tommy Bahama.Fiscal 2026 guidance includes revenues of $1.475 billion to $1.530 billion, GAAP EPS of $1.83 to $2.43 and adjusted EPS of $2.10 to $2.70; EPS expectations assume IEEPA tariff rates continued for balance of year.Increases quarterly dividend to $0.70 per share. ATLANTA, March 26, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its fourth quarter and full fiscal year 2025 ended January 31, 2026 and initiated guidance for the first quarter and full fiscal year 2026.

Consolidated net sales in the fourth quarter of fiscal 2025 were $374 million compared to $391 million in the fourth quarter of fiscal 2024. Diluted loss per share on a GAAP basis was $0.48, which includes $0.24 per share of charges related to an increased LIFO reserve compared to earnings per share (EPS) of $1.13 in the fourth quarter of fiscal 2024. On an adjusted basis, loss per share was $0.09 compared to EPS of $1.37 in the fourth quarter of fiscal 2024. For the fourth quarter of fiscal 2025, loss per share on both a GAAP and adjusted basis includes a $0.19 charge related to the Saks Global bankruptcy.

Consolidated net sales for the full fiscal year 2025 decreased 3% to $1.48 billion compared to $1.52 billion in fiscal 2024. Loss per share was $1.86 compared to EPS of $5.87 in fiscal 2024. Fiscal 2025 results included noncash impairment charges totaling $61 million, or $3.02 per share primarily associated with the Johnny Was trademark. On an adjusted basis, EPS was $2.11 in fiscal 2025 compared to $6.68 in fiscal 2024.

Tom Chubb, Chairman and CEO, commented, “Momentum in our largest business, Tommy Bahama, improved as the quarter progressed, with trends strengthening beginning in late January. This momentum helped us deliver fourth quarter net sales and adjusted earnings per share within our guidance ranges, excluding charges associated with the bankruptcy of Saks Global, against the backdrop of an uneven consumer environment. While traffic and conversion trends were pressured across much of our portfolio during the holiday season, and higher tariffs increased our costs, the strategic actions we took to strengthen our supply chain and diversify our sourcing allowed us to protect our strong gross margins. We also adjusted our merchandise assortments to better match customer expectations, important actions that helped return overall comparable sales to positive territory as fiscal 2025 concluded.”

Mr. Chubb concluded, “Fiscal 2026 is off to a good start, with the improving top-line momentum driven by mid single digit positive comps at Tommy Bahama starting in late January continuing first quarter to-date during the start of our important resort and early spring seasons. We expect this momentum, together with the actions we took in fiscal 2025, to support improved earnings in fiscal 2026. While uncertainty persists across the consumer and macroeconomic environment, including tariffs and the conflicts in the Middle East, we are entering the year with a stronger operational foundation. Our investments in technology and infrastructure, including our recently opened Lyons, Georgia distribution center, support that foundation and are expected to provide meaningful financial and strategic benefits over time. As always, we remain focused on disciplined execution, with an emphasis on improving profitability and strengthening our brands for the long term. We are proud of the teams across our organization that make this all possible.”

Fiscal 2025 versus Fiscal 2024

Net Sales by Operating GroupFourth QuarterFiscal Year($ in millions)20252024% Change20252024% ChangeTommy Bahama$229.2$237.6(4%)$828.5$869.6(5%)Lilly Pulitzer73.574.0(1%)337.8323.94%Johnny Was37.947.4(20%)169.1195.0(13%)Emerging Brands34.031.67%142.9128.411%Other(0.2)(0.1)NM(0.4)(0.3)NMTotal Company$374.5$390.5(4%)$1,477.8$1,516.6(3%)  For the full fiscal year 2025, consolidated net sales of $1.48 billion decreased 3% compared to sales of $1.52 billion in the prior year. Fourth quarter consolidated net sales decreased 4% over the prior year to $374 million. The net sales decrease includes the following in each channel of distribution: Full-price DTC sales of $1.0 billion decreased 3% for the year. For the fourth quarter of fiscal 2025, full-price DTC sales of $268 million decreased 5% versus the prior-year period. Full-price retail sales of $509 million decreased 3% for the year. For the fourth quarter, full-price retail sales of $130 million decreased 4%;E-commerce sales of $506 million decreased 3% for the year. For the fourth quarter, e-commerce sales of $137 million decreased 6%; Food and beverage sales of $121 million grew 4% for the year. For the fourth quarter, food and beverage sales of $34 million increased 15%. The increases for the full year and the fourth quarter were driven by new locations.Outlet sales of $74 million decreased 2% for the year. For the fourth quarter, outlet sales of $18 million decreased 2%.Wholesale sales of $268 million decreased 5% for the year. For the fourth quarter, wholesale sales of $55 million decreased 10%. Gross margin was 60.7% compared to 62.9% in the prior year. For the fourth quarter of fiscal 2025, gross margin was 56.8% compared to 60.6%. The decreased gross margin for the full fiscal year was primarily due to (1) approximately $30 million of increased cost of goods sold, or approximately 200 basis points, from additional tariffs enacted in fiscal 2025, (2) a change in sales mix with a higher proportion of net sales occurring during promotional and clearance events at Tommy Bahama and Lilly Pulitzer and (3) a $5 million higher LIFO accounting charge in fiscal 2025 compared to fiscal 2024. These decreases were partially offset by (1) lower freight costs to customers due to improved carrier rates from contract renegotiations and (2) a change in sales mix with wholesale sales representing a lower proportion of net sales. On an adjusted basis, gross margin was 61.3% compared to 63.2% in the prior year. For the fourth quarter of fiscal 2025, adjusted gross margin was 58.0% compared to 60.8%.SG&A was $818 million for the full fiscal year 2025 compared to $787 million in the prior year. For the fourth quarter, SG&A was $207 million compared to $203 million in the prior year. For the full fiscal year, approximately $15 million, or 47%, of the increase was due to the increase in bricks and mortar retail locations with a net of 10 additional locations added during fiscal 2025. There were additional increases in (1) software subscription related costs, (2) occupancy costs, (3) consulting and professional services and (4) credit losses primarily due to the Saks Global bankruptcy. These increases were partially offset by decreases in (1) advertising costs and (2) samples, supplies and travel costs. On an adjusted basis, SG&A was $815 million compared to $784 million in the prior year. For the fourth quarter, adjusted SG&A was $206 million compared to $201 million in the prior year.Royalties and other operating income decreased $4 million to $16 million for the full year primarily due to decreased royalty income in Tommy Bahama reflecting the lower sales of licensing partners.Full-year net loss was $28 million in fiscal 2025, compared to net earnings of $93 million in the prior year. For the fourth quarter of fiscal 2025, net loss was $7 million compared to net earnings of $18 million in the prior year.Full-year EBITDA was $36 million in fiscal 2025, compared to $187 million in the prior year. On an adjusted basis, full-year EBITDA was $107 million compared to $193 million in the prior year. For the fourth quarter of fiscal 2025, adjusted EBITDA was $8 million compared to $38 million in the prior year, while adjusted EBITDA was $14 million in fiscal 2025 and $40 million in the prior year.As a result of interim impairment assessments performed in the third quarter of fiscal 2025, the Company recognized noncash impairment charges totaling $61 million, primarily related to the Johnny Was trademark.Interest expense increased to $7 million from $2 million in the prior year period primarily due to higher average outstanding debt during fiscal 2025 than the prior year.The effective tax rate for fiscal 2025 was 27% compared to 20% in the prior year. The effective tax rate for the fourth quarter of fiscal 2025 was 27% compared to 8% for the fourth quarter of fiscal 2024. The effective tax rates for both the full year and fourth quarter of fiscal 2025 were higher than a typical effective tax rate of 25% and included certain unfavorable discrete items that are not expected to recur in future periods.
Balance Sheet and Liquidity

Inventory decreased $2 million, or 1%, on a LIFO basis and increased $6 million, or 2%, on a FIFO basis compared to the end of fiscal 2024 primarily due to slight inventory increases in all operating segments, with the exception of Johnny Was. The increase on a FIFO basis was driven primarily by increased tariffs. As of January 31, 2026, the Company had $11 million of additional costs capitalized into inventory related to the U.S. tariffs implemented in Fiscal 2025.

During fiscal 2025, cash flow from operations was $120 million compared to $194 million in fiscal 2024. The decrease in cash flow from operations reflects the result of lower net earnings and working capital needs.

Borrowings outstanding increased to $116 million at the end of fiscal 2025 as lower earnings, capital expenditures, share repurchases, dividends and working capital needs exceeded cash flows from operations. At the end of fiscal 2025, the Company had $8 million of cash and cash equivalents versus $9 million of cash and cash equivalents at the end of fiscal 2024.

Capital expenditures of $108 million in fiscal 2025 decreased from $134 million in fiscal 2024. The decrease in fiscal 2025 was primarily due to the opening of fewer new retail stores and Tommy Bahama Marlin Bars in fiscal 2025 than in fiscal 2024. We also spent $54 million of capital expenditures related to the new distribution center in Lyons, Georgia in fiscal 2025 compared to $69 million in fiscal 2024. Approximately $20 million of spending originally expected in fiscal 2025 to complete the Lyons, Georgia project is now expected to occur in fiscal 2026.

Dividend

On March 23, 2026, the Board of Directors declared a quarterly cash dividend of $0.70 per share, or a 1% increase above the previous dividend payment. The dividend is payable on May 1, 2026 to shareholders of record as of the close of business on April 17, 2026. The Company has paid dividends every quarter since it became publicly owned in 1960.

Outlook

The Company initiated sales and EPS guidance for fiscal 2026. The Company expects net sales in a range of $1.475 billion to $1.530 billion compared to net sales of $1.478 billion in fiscal 2025. In fiscal 2026, GAAP EPS is expected to be between $1.83 and $2.43 compared to fiscal 2025 GAAP loss per share of $1.86. Adjusted EPS is expected to be between $2.10 and $2.70, compared to fiscal 2025 adjusted EPS of $2.11. The fiscal 2026 guidance also includes:

An approximate $20 million, or $1.00 per share impact of higher tariffs resulting from the annualized impact of the International Emergency Economic Powers Act ("IEEPA") tariffs enacted in April 2025;$5 million of primarily increased depreciation related expenses, or approximately $0.25 per share impact, related to the new Lyons, Georgia distribution center;A higher adjusted effective tax rate of approximately 28% compared to 24% in 2025, or $2 million of additional tax expense, or a $0.15 per share impact; and$1 million, or $0.05 per share impact from higher interest expense with increases from higher average debt levels in the first half of the year partially offset by decreases from lower average debt levels in the second half of the year. For the first quarter of fiscal 2026, the Company expects net sales to be between $385 million and $395 million compared to net sales of $393 million in the first quarter of fiscal 2025. GAAP EPS is expected to be in a range of $1.13 to $1.23 in the first quarter compared to GAAP EPS of $1.70 in the first quarter of fiscal 2025. Adjusted EPS is expected to be between $1.20 and $1.30 compared to adjusted EPS of $1.82 in the first quarter of fiscal 2025. The first quarter fiscal 2026 guidance also includes:

An approximate $12 million, or $0.60 per share impact of higher tariffs resulting from the annualized impact of the IEEPA tariffs enacted in April 2025;$1 million of primarily increased depreciation related expenses, or approximately $0.05 per share impact, related to the new Lyons, Georgia distribution center;$1 million, or $0.05 per share impact from higher interest expense; andA higher adjusted effective tax rate of approximately 25% compared to 24% in 2025. Capital expenditures in fiscal 2026 are expected to be approximately $65 million, including approximately $20 million to complete the new Lyons, Georgia facility, compared to $108 million in fiscal 2025. The decrease is due to reductions in expenditures related to the completion of the new distribution center in Lyons, Georgia in the first quarter of fiscal 2026 along with fewer new store openings.

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 April 9, 2026 by dialing (412) 317-6671 access code 13758689.

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, adjusted segment EBITDA, adjusted net earnings (loss), adjusted net earnings (loss) per diluted share, adjusted gross profit, adjusted gross margin, adjusted SG&A and adjusted operating income (loss), 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. As noted, below in the fourth quarter of fiscal 2025, we changed our segment profitability metric to segment EBITDA. As a supplement to this metric, we also present adjusted segment EBITDA, which excludes certain non-operating, non-cash or extraordinary items such as LIFO adjustments, the amortization of Johnny Was intangible assets, Johnny Was organizational realignment initiatives, Johnny Was Distribution Center movement costs, Johnny Was impairment charges, Emerging Brands impairment charges and the impact of income taxes. Reconciliations of these adjusted measures to the most directly comparable financial measures calculated in accordance with GAAP are presented in tables in 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;the roll-back of incremental tariffs imposed under the International Emergency Economic Powers Act and any additional actions taken in response to their roll-back, including tariffs imposed pursuant to Section 122 of the Trade Act of 1974 or our ability to recover refunds of incremental tariff amounts or other tariffs paid;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, volatile and/or elevated 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;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;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;our ability to respond to rapidly changing consumer expectations;unseasonal or extreme weather conditions or natural disasters, such as the 2024 hurricanes impacting the Southeastern United States;lack of or insufficient insurance coverage;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, such as the organizational realignment initiatives being undertaken at Johnny Was;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;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;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;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;pandemics or other public health crises;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, including the impact of recent changes in U.S. tax laws and regulations and the interpretation and application of such laws and regulations;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; andgeopolitical risks, including ongoing challenges between the United States and China and those related to the ongoing war in Ukraine and the U.S.-Iran conflict and potential regime change in Iran, as well as other hostilities in the Middle East. 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 2024 Form 10-K, as updated by Part II, Item 1A. Risk Factors in our Quarterly Report on Form 10-Q for the first quarter of fiscal 2025, 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.

Contact:Brian SmithE-mail:[email protected]  Oxford Industries, Inc.Consolidated Balance Sheets($ in thousands, except par amounts)(unaudited) January 31,February 1,  2026  2025 ASSETS  Current Assets  Cash and cash equivalents$8,129 $9,470 Receivables, net 72,957  77,756 Inventories, net 165,284  167,287 Prepaid expenses and other current assets 46,076  38,269 Total Current Assets$292,446 $292,782 Property and equipment, net 325,597  272,690 Intangible assets, net 189,411  257,915 Goodwill 25,604  27,383 Operating lease assets 379,898  364,436 Other assets, net 61,838  54,279 Deferred income taxes 34,164  20,320 Total Assets$1,308,958 $1,289,805    LIABILITIES AND SHAREHOLDERS’ EQUITY  Current Liabilities  Accounts payable$104,622 $104,825 Accrued compensation 28,805  22,309 Current portion of operating lease liabilities 64,506  58,711 Accrued expenses and other liabilities 67,370  62,430 Total Current Liabilities$265,303 $248,275 Long-term debt 116,443  31,105 Non-current portion of operating lease liabilities 382,492  359,366 Other non-current liabilities 29,883  28,499 Shareholders’ Equity  Common stock, $1.00 par value per share 14,887  15,707 Additional paid-in capital 205,689  190,816 Retained earnings 295,974  419,713 Accumulated other comprehensive loss (1,713) (3,676)Total Shareholders’ Equity$514,837 $622,560 Total Liabilities and Shareholders’ Equity$1,308,958 $1,289,805   Oxford Industries, Inc.Consolidated Statements of Operations($ and shares in thousands, except per share amounts)(unaudited) Fourth Quarter Annual Fiscal 2025Fiscal 2024 Fiscal 2025Fiscal 2024Net sales$374,486 $390,505 $1,477,834 $1,516,601Cost of goods sold 161,930  153,821  580,096  562,030Gross profit$212,556 $236,684 $897,738 $954,571Operating expenses     SG&A 207,102  202,599  817,922  786,977Depreciation and amortization 15,876  17,576  65,899  67,872Impairment of goodwill, intangible assets and equity method investments —  —  60,980  —Total Operating expenses 222,978  220,175  944,801  854,849Royalties and other operating income 2,619  3,805  15,779  19,314Operating income (loss)$(7,803)$20,314 $(31,284)$119,036Interest expense, net 1,956  895  6,870  2,468Earnings (loss) before income taxes$(9,759)$19,419 $(38,154)$116,568Income tax expense (benefit) (2,680) 1,525  (10,265) 23,595Net earnings (loss)$(7,079)$17,894 $(27,889)$92,973      Net earnings (loss) per share:     Basic$(0.48)$1.14 $(1.86)$5.94Diluted$(0.48)$1.13 $(1.86)$5.87Weighted average shares outstanding:     Basic 14,881  15,703  14,963  15,665Diluted 14,881  15,834  14,963  15,827Dividends declared per share$0.69 $0.67 $2.76 $2.68  Oxford Industries, Inc.Consolidated Statements of Cash Flows($ in thousands)(unaudited)   Fiscal 2025Fiscal 2024Cash Flows From Operating Activities:  Net earnings (loss)$(27,889)$92,973 Adjustments to reconcile net earnings (loss) to cash flows from operating activities:  Depreciation 56,216  55,872 Amortization of intangible assets 9,683  12,000 Impairment of goodwill, intangible assets and equity method investments 60,980  — Impairment of property and equipment 1,323  1,174 Equity compensation expense 15,679  16,674 Impairment of operating lease assets —  1,303 Amortization of deferred financing costs 385  385 Deferred income taxes (13,607) 3,825 Changes in operating assets and liabilities, net of acquisitions and dispositions:  Receivables, net 10,772  (7,654)Inventories, net 3,185  (8,237)Income tax receivable (5,868) 14,225 Prepaid expenses and other current assets (7,785) 4,755 Current liabilities 15,436  9,523 Other non-current assets, net (22,082) (124,199)Other non-current liabilities 23,218  121,413 Cash provided by operating activities$119,646 $194,032 Cash Flows From Investing Activities:  Acquisitions, net of cash acquired (28) (7,688)Purchases of property and equipment (108,339) (134,231)Other investing activities (33) (1,351)Cash used in investing activities$(108,400)$(143,270)Cash Flows From Financing Activities:  Repayment of revolving credit arrangements (450,889) (401,580)Proceeds from revolving credit arrangements 536,227  403,381 Repurchase of common stock (55,216) — Proceeds from issuance of common stock 1,623  1,852 Repurchase of equity awards for employee tax withholding liabilities (2,251) (6,199)Cash dividends paid (42,128) (43,231)Other financing activities (260) (2,830)Cash used in financing activities$(12,894)$(48,607)Net change in cash and cash equivalents (1,648) 2,155 Effect of foreign currency translation on cash and cash equivalents 307  (289)Cash and cash equivalents at the beginning of year 9,470  7,604 Cash and cash equivalents at the end of period$8,129 $9,470   Oxford Industries, Inc.Reconciliations of Certain Non-GAAP Financial Information(in millions, except per share amounts)(unaudited) Fourth QuarterAnnualAS REPORTEDFiscal 2025Fiscal 2024% ChangeFiscal 2025Fiscal 2024% ChangeTommy Bahama      Net sales$229.2$237.6(3.5)%$828.5$869.6(4.7)%Gross profit$136.1$147.0(7.4)%$512.1$548.9(6.7)%Gross margin 59.4% 61.9%  61.8% 63.1% Segment EBITDA$23.6$40.9(42.2)%$94.6$146.3(35.3)%Segment EBITDA margin 10.3% 17.2%  11.4% 16.8% Lilly Pulitzer      Net sales$73.5$74.0(0.6)%$337.8$323.94.3%Gross profit$42.1$43.9(4.1)%$211.9$209.01.4%Gross margin 57.3% 59.4%  62.7% 64.5% Segment EBITDA$3.7$7.6(51.5)%$52.1$58.1(10.3)%Segment EBITDA margin 5.0% 10.3%  15.4% 18.0% Johnny Was      Net sales$37.9$47.4(19.9)%$169.1$195.0(13.3)%Gross profit$22.9$30.3(24.5)%$105.2$127.1(17.2)%Gross margin 60.3% 63.9%  62.2% 65.2% Segment EBITDA$(5.7)$0.5(1204.2)%$(8.5)$7.5(213.4)%Segment EBITDA margin(14.9)% 1.1% (5.1)% 3.9% Emerging Brands      Net sales$34.0$31.67.5%
$142.9$128.411.3%Gross profit$16.3$16.8(3.1)%$77.5$73.75.2%Gross margin 47.8% 53.1%  54.3% 57.4% Segment EBITDA$(2.2)$0.0NM$4.7$9.9(52.1)%Segment EBITDA margin(6.5)% 0.1%  3.3% 7.7% Corporate and Other      Net sales$(0.2)$(0.1)(131.9)%$(0.4)$(0.3)(36.5)%Gross profit$(4.8)$(1.4)(254.2)%$(9.0)$(4.1)(120.1)%Corporate EBITDA$(11.4)$(11.1)(2.4)%$(47.3)$(34.9)(35.5)%Consolidated      Net sales$374.5$390.5(4.1)%$1,477.8$1,516.6(2.6)%Gross profit$212.6$236.7(10.2)%$897.7$954.6(6.0)%Gross margin 56.8% 60.6%  60.7% 62.9% SG&A$207.1$202.62.2%
$817.9$787.03.9%SG&A as % of net sales 55.3% 51.9%  55.3% 51.9% Depreciation and amortization$15.9$17.6(9.7)%$65.9$67.9(2.9)%Depreciation and amortization as % of net sales 4.2% 4.5%  4.5% 4.5% Impairment of goodwill, intangible assets and equity method investments$—$—NM$61.0$—NMImpairment of goodwill, intangible assets and equity method investments as a % of net sales —% —%  4.1% —% Operating income (loss)$(7.8)$20.3138.4%
$(31.3)$119.0(126.3)%Operating margin(2.1)% 5.2% (2.1)% 7.8% Earnings (loss) before income taxes$(9.8)$19.4150.3%
$(38.2)$116.6(132.7)%Net earnings (loss)$(7.1)$17.9139.6%
$(27.9)$93.0(130.0)%Net earnings (loss) per diluted share$(0.48)$1.13142.1%
$(1.86)$5.87(131.7)%Weighted average shares outstanding - diluted 14.9 15.8(6.0)% 15.0 15.8(5.5)%  The following table presents a reconciliation from segment EBITDA to net earnings (loss) (in millions):

 Fourth QuarterAnnual Fiscal 2025Fiscal 2024% ChangeFiscal 2025Fiscal 2024% ChangeSegment EBITDA      Tommy Bahama$23.6$40.9(42.2)%$94.6$146.3(35.3)%Lilly Pulitzer$3.7$7.6(51.5)%$52.1$58.1(10.3)%Johnny Was$(5.7)$0.5(1204.2)%$(8.5)$7.5(213.4)%Emerging Brands$(2.2)$0.0NM$4.7$9.9(52.1)%Corporate and Other$(11.4)$(11.1)(2.4)%$(47.3)$(34.9)(35.5)%Adjusted EBITDA$8.1$37.9(78.7)%$95.6$186.9(48.9)%Impairment of goodwill and intangible assets$0.0$0.0NM$61.0$0.0NMEBITDA$8.1$37.9(78.7)%$34.6$186.9(81.5)%Depreciation and amortization$15.9$17.6(9.7)%$65.9$67.9(2.9)%Consolidated operating income (loss)$(7.8)$20.3(138.4)%$(31.3)$119.0(126.3)%Interest expense, net$2.0$0.9118.5%$6.9$2.5178.4%Earnings (loss) before income taxes$(9.8)$19.4(150.3)%$(38.2)$116.6(132.7)%Income taxes$(2.7)$1.5(275.7)%$(10.3)$23.6(143.5)%Net earnings (loss)$(7.1)$17.9(139.6)%$(27.9)$93.0(130.0)%  The table below summarizes adjustments made to the as reported figures shown above (in millions):

 Fourth QuarterAnnualADJUSTMENTSFiscal 2025Fiscal 2024Fiscal 2025Fiscal 2024LIFO adjustments(1)$4.7$0.9$8.4$3.3Amortization of Johnny Was intangible assets(2)$1.9$2.7$7.7$10.9Johnny Was organizational realignment initiatives(3)$1.0$—$2.9$—Johnny Was Distribution Center movement costs(4)$—$1.4$—$3.0Johnny Was impairment charges(5)$—$—$57.0$—Emerging Brands impairment charges(6)$—$—$4.0$—Impact of income taxes(7)$(1.9)$(1.3)$(20.4)$(4.4)Adjustment to net earnings (loss)(8)$5.7$3.7$59.7$12.8  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):

 Fourth QuarterAnnual Fiscal 2025Fiscal 2024Fiscal 2025Fiscal 2024Cost of goods sold (as reported)$161.9$153.8$580.1$562.0LIFO adjustments(1)$4.7$0.9$8.4$3.3     SG&A (as reported)$207.1$202.6$817.9$787.0Johnny Was organizational realignment initiatives(3)$0.9$—$2.8$—Johnny Was Distribution Center movement costs(4)$—$1.4$—$2.8     Depreciation and amortization (as reported)$15.9$17.6$65.9$67.9Amortization of Johnny Was intangible assets(2)$1.9$2.7$7.7$10.9Johnny Was organizational realignment initiatives(3)$0.1$—$0.1$—Johnny Was Distribution Center movement costs(4)$—$—$—$0.2     Consolidated operating income (loss) (as reported)$(7.8)$20.3$(31.3)$119.0Johnny Was impairment charges(5)$—$—$57.0$—Emerging Brands impairment charges(6)$—$—$4.0$—   Fourth QuarterAnnualAS ADJUSTEDFiscal 2025Fiscal 2024% ChangeFiscal 2025Fiscal 2024% ChangeTommy Bahama      Net sales$229.2$237.6(3.5)%$828.5$869.6(4.7)%Gross profit$136.1$147.0(7.4)%$512.1$548.9(6.7)%Gross margin 59.4% 61.9%  61.8% 63.1% Segment EBITDA$23.6$40.9(42.2)%$94.6$146.3(35.3)%Segment EBITDA margin 10.3% 17.2%  11.4% 16.8% Lilly Pulitzer      Net sales$73.5$74.0(0.6)%$337.8$323.94.3%Gross profit$42.1$43.9(4.1)%$211.9$209.01.4%Gross margin 57.3% 59.4%  62.7% 64.5% Segment EBITDA$3.7$7.6(51.5)%$52.1$58.1(10.3)%Segment EBITDA margin 5.0% 10.3%  15.4% 18.0% Johnny Was      Net sales$37.9$47.4(19.9)%$169.1$195.0(13.3)%Gross profit$22.9$30.3(24.5)%$105.2$127.1(17.2)%Gross margin 60.3% 63.9%  62.2% 65.2% Segment EBITDA(2)(3)(4)(5)$(4.8)$1.9(346.4)%$(5.7)$10.3(155.4)%Segment EBITDA margin(2)(3)(4)(5)(12.7)% 4.1% (3.4)% 5.3% Emerging Brands      Net sales$34.0$31.67.5%$142.9$128.411.3%Gross profit$16.3$16.8(3.1)%$77.5$73.75.2%Gross margin 47.8% 53.1%  54.3% 57.4% Segment EBITDA(6)$(2.2)$0.0NM$4.7$9.9(52.1)%Segment EBITDA margin(6)(6.5)% 0.1%  3.3% 7.7% Corporate and Other      Net sales$(0.2)$(0.1)(131.9)%$(0.4)$(0.3)(36.5)%Gross profit$(0.1)$(0.5)78.1%$(0.6)$(0.8)25.6%Corporate EBITDA(1)(7)$(6.6)$(10.2)35.2%$(38.9)$(31.6)(23.0)%Consolidated      Net sales$374.5$390.5(4.1)%$1,477.8$1,516.6(2.6)%Gross profit$217.3$237.5(8.5)%$906.2$957.9(5.4)%Gross margin 58.0% 60.8%  61.3% 63.2% SG&A$206.2$201.22.5%$815.1$784.23.9%SG&A as % of net sales 55.1% 51.5%  55.2% 51.7% Depreciation and amortization$13.8$14.92.5%$58.0$56.83.9%Depreciation and amortization as % of net sales 3.7% 3.8%  3.9% 3.7% Operating income (loss)$(0.2)$25.3(100.6)%$48.8$136.3(64.2)%Operating margin 0.0% 6.5%  3.3% 9.0% Earnings (loss) before income taxes$(2.1)$24.4(108.7)%$41.9$133.8(68.7)%Net earnings (loss)$(1.4)$21.6(106.4)%$31.8$105.8(70.0)%Net earnings (loss) per diluted share$(0.09)$1.37(106.8)%$2.11$6.68(68.4)%    Fourth Quarter Fourth Quarter Fourth Quarter      Fiscal 2025 Fiscal 2025 Fiscal 2024 Fiscal 2025 Fiscal 2024  Actual Guidance(9) Actual Actual ActualNet earnings (loss) per diluted share:          GAAP basis$(0.48)$(0.10) - 0.10$1.13$(1.86)$5.87LIFO adjustments(1)(10) 0.24 — 0.04 0.42 0.16Amortization of Johnny Was intangible assets(2)(10) 0.10 0.10 0.13 0.38 0.51Johnny Was organizational realignment initiatives(3)(10) 0.05 — — 0.15 —Johnny Was distribution center relocation costs(4)(10) — — 0.07 — 0.14Johnny Was impairment charges(5)(10) — — — 2.82 —Emerging Brands impairment charges(6)(10) — — — 0.20 —As adjusted(8)$(0.09)$0.00 - 0.20$1.37$2.11$6.68                        First Quarter First Quarter        Fiscal 2026 Fiscal 2025        Guidance(12) Actual      Net earnings per diluted share:          GAAP basis$1.13 - 1.23$1.70      LIFO adjustments(11) 0.00 0.02      Amortization of Johnny Was intangible assets(2)(10) 0.07 0.09      As adjusted(8)$1.20 - 1.30$1.82                              Fiscal 2026 Fiscal 2025        Guidance(12) Actual      Net earnings per diluted share:          GAAP basis$1.83 - 2.43$(1.86)      LIFO adjustments(11) 0.00 0.42      Amortization of Johnny Was intangible assets(2)(10) 0.27 0.38      Johnny Was organizational realignment initiatives(3)(10) 0.00 0.15      Johnny Was impairment charges(5)(10) 0.00 2.82      Emerging Brands impairment charges(6)(10) 0.00 0.20      As adjusted(8)$2.10 - 2.70$2.11        (1)  LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other.
(2)  Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in depreciation and amortization in Johnny Was.
(3)  Johnny Was organizational realignment initiatives include severance costs, consulting fees and store closure related costs. These charges are included in SG&A and depreciation and amortization in Johnny Was.
(4)  Johnny Was distribution center relocation costs relate to the transition of Johnny Was distribution center operations from Los Angeles, California to Lyons, Georgia including systems integrations, employee bonuses and severance agreements, moving costs and occupancy expenses related to the vacated distribution centers. These charges are included in SG&A and depreciation and amortization in Johnny Was.
(5)  Johnny Was impairment charges represent the impairment of the Johnny Was intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Johnny Was.
(6)  Emerging Brands impairment charges represent the impairment of the Jack Rogers goodwill and intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Emerging Brands.
(7)  Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings.
(8)  Amounts in columns may not add due to rounding.
(9)  Guidance as issued on December 10, 2025.
(10)  Adjustments shown net of income taxes.
(11)  No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods.
(12)   Guidance as issued on March 26, 2026.

 Direct to Consumer Location Count End of Q1End of Q2End of Q3End of Q4Fiscal 2024    Tommy Bahama    Full-price retail store102103106106Retail-food & beverage23232524Outlet35363736Total Tommy Bahama160162168166Lilly Pulitzer full-price retail store60606164Johnny Was    Full-price retail store75767777Outlet3333Total Johnny Was78798080Emerging Brands    Southern Tide full-price retail store20242830TBBC full-price retail store4555Total Oxford322330342345     Fiscal 2025    Tommy Bahama    Full-price retail store103103104102Retail-food & beverage26262828Outlet36383837Total Tommy Bahama165167170167Lilly Pulitzer full-price retail store65666667Johnny Was    Full-price retail store77757575Outlet3333Total Johnny Was80787878Emerging Brands    Southern Tide full-price retail store35363534TBBC full-price retail store8999Total Oxford353356358355  We changed our segment profit margin measure in the fourth quarter of fiscal 2025 to segment earnings before interest, taxes, depreciation and amortization ("segment EBITDA"). Segment EBITDA also excludes infrequent operating charges, including impairments of goodwill, intangible assets and equity method investments.

Further, effective as of the beginning of the fourth quarter of fiscal 2025, we revised the presentation of depreciation and amortization expense within the consolidated statements of operations to present it separately from SG&A, where it had previously been included. The consolidated statements of operations for prior periods have been reclassified to conform to the current year presentation. This change in presentation had no effect on previously reported operating income (loss), earnings (loss) before income taxes, net earnings (loss), or basic and diluted earnings (loss) per share for any period presented.

The tables below present depreciation and amortization and segment EBITDA by quarter for Fiscal 2025 and Fiscal 2024 (in millions):

 Fiscal 2025Fiscal 2024AS REPORTEDQ1Q2Q3Q4Q1Q2Q3Q4Tommy Bahama        Depreciation and amortization$7.6$7.6$7.8$8.0$7.2$7.0$7.2$7.6Segment EBITDA$38.3$34.3$(1.7)$23.6$49.8$47.9$7.6$40.9Lilly Pulitzer        Depreciation and amortization$4.9$4.6$4.3$3.9$4.6$4.7$4.8$5.0Segment EBITDA$23.1$17.8$7.6$3.7$20.1$21.7$8.8$7.6Johnny Was        Depreciation and amortization$3.4$3.2$3.1$2.8$4.0$4.0$4.3$3.9Segment EBITDA$0.0$(1.3)$(1.6)$(5.7)$4.3$2.4$0.3$0.5Emerging Brands        Depreciation and amortization$0.9$1.0$1.0$0.9$0.6$0.7$0.8$0.9Segment EBITDA$2.9$4.0$0.1$(2.2)$4.4$3.5$2.0$0.0Corporate and Other        Depreciation and amortization$0.1$0.1$0.2$0.3$0.1$0.1$0.1$0.1Corporate EBITDA$(11.0)$(12.8)$(12.1)$(11.4)$(9.7)$(6.4)$(7.7)$(11.1)Consolidated        Depreciation and amortization$17.0$16.6$16.5$15.9$16.5$16.5$17.2$17.6EBITDA$53.2$42.0$(7.6)$8.1$69.0$69.1$11.0$37.9   Fiscal 2025Fiscal 2024AS ADJUSTEDQ1Q2Q3Q4Q1Q2Q3Q4Tommy Bahama        Depreciation and amortization$7.6$7.6$7.8$8.0$7.2$7.0$7.2$7.6Segment EBITDA$38.3$34.3$(1.7)$23.6$49.8$47.9$7.6$40.9Lilly Pulitzer        Depreciation and amortization$4.9$4.6$4.3$3.9$4.6$4.7$4.8$5.0Segment EBITDA$23.1$17.8$7.6$3.7$20.1$21.7$8.8$7.6Johnny Was        Depreciation and amortization$1.4$1.3$1.2$0.9$1.3$1.3$1.6$1.2Segment EBITDA$0.0$(1.3)$0.4$(4.7)$4.3$3.3$1.0$2.0Emerging Brands        Depreciation and amortization$0.9$1.0$1.0$0.9$0.6$0.7$0.8$0.9Segment EBITDA$2.9$4.0$0.1$(2.2)$4.4$3.5$2.0$0.0Corporate and Other        Depreciation and amortization$0.1$0.1$0.2$0.3$0.1$0.1$0.1$0.1Corporate EBITDA$(10.6)$(11.9)$(9.8)$(6.6)$(7.5)$(5.8)$(8.1)$(10.3)Consolidated        Depreciation and amortization$15.0$14.7$14.5$13.9$13.8$13.8$14.2$14.9EBITDA$53.6$42.9$(3.4)$13.8$71.2$70.6$11.0$40.2

Oxford Industries, Inc. reported weak Q4 financials. Sales declined across brands, and margins deteriorated. OXM's FY2026 guidance finally suggests stabilization. Tommy Bahama's momentum is expected to improve, and margins are guided to improve slightly. I estimate OXM stock to have 19% upside to a base scenario fair value of $37.9.

Oxford Industries Inc (NYSE:OXM) posted mixed fourth-quarter results on Thursday.

Oxford Industries reported quarterly losses of 9 cents per share which missed the analyst consensus estimate of earnings of 2 cents per share. The company reported quarterly sales of $374.500 million which beat the analyst consensus estimate of $371.838 million.

Oxford Industries also raised its quarterly dividend from 69 cents to 70 cents per share.

Oxford Industries said it sees FY2026 adjusted EPS of $2.10-$2.70, versus market estimates of $2.78. The company sees sales of $1.475 billion-$1.530 billion, versus estimates of $1.500 billion.

Oxford Industries shares gained 12.5% to trade at $35.83 on Friday.

These analysts made changes to their price targets on Oxford Industries following earnings announcement.

Telsey Advisory Group analyst Dana Telsey maintained Oxford Industries with a Market Perform and lowered the price target from $40 to $36. Truist Securities analyst Joseph Civello maintained the stock with a Hold and lowered the price target from $38 to $32. Considering buying OXM stock? Here’s what analysts think:

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May 27, 2026 16:05 ET  | Source: Oxford Industries, Inc.

ATLANTA, May 27, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its first quarter fiscal 2026 financial results after the market close on Wednesday, June 10, 2026. Following the news release, the company will also hold a conference call starting at 4:30 p.m. ET, hosted by Thomas C. Chubb lll, Chairman, Chief Executive Officer, and President, and K. Scott Grassmyer, Executive Vice President, Chief Financial Officer, and Chief Operating Officer, to discuss its financial results.

A live webcast of the conference call will be available on the Company’s website at www.oxfordinc.com.
A replay of the webcast will be available on the Company’s website through Wednesday, June 24, 2026, and by phone by dialing (412) 317-6671 access code 13760616.

About Oxford

Oxford, 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® 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.

ATLANTA, June 10, 2026 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE:OXM) today announced financial results for its first quarter of fiscal 2026 ended May 2, 2026.

Consolidated net sales in the first quarter of fiscal 2026 were $391 million compared to $393 million in the first quarter of fiscal 2025. EPS on a GAAP basis was $1.00 compared to $1.70 in the first quarter of fiscal 2025. On an adjusted basis, EPS was $1.39 compared to $1.82 in the first quarter of fiscal 2025. Both GAAP and adjusted EPS in the first quarter of fiscal 2026 included $11 million, or $0.55 per share, of incremental tariff costs compared to the first quarter of fiscal 2025.

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."

Mr. Chubb concluded, “As we look to the remainder of the year, we expect macroeconomic pressures to continue weighing on consumer sentiment, and we are allowing time for our corrective actions at Lilly Pulitzer to gain traction. In light of these factors and recent comparable sales trends, we are narrowing our full-year sales guidance range by lowering the top end of the range. We are also raising the low end of our EPS guidance range, as we expect the current lower tariff rates to continue for the remainder of the year, together with disciplined expense and inventory management, to offset the impact of the narrowed sales outlook on profitability."

First Quarter of Fiscal 2026 versus Fiscal 2025

Net Sales by Operating GroupFirst Quarter($ in millions)20262025% ChangeTommy Bahama$224.6$216.23.9%Lilly Pulitzer90.499.0(8.8%)Johnny Was37.943.5(12.9%)Emerging Brands38.634.212.8%Other(0.1)(0.1)NMTotal Company$391.4$392.9(0.4%) Consolidated net sales were $391 million compared to $393 million in the first quarter of fiscal 2025. Full-price direct-to-consumer (DTC) sales decreased 1% to $247 million versus the first quarter of fiscal 2025. Full-price retail sales of $135 million were comparable to the prior-year period.E-commerce sales of $111 million were 2% lower than the prior-year period. Food and beverage sales of $38 million were 14% higher than the prior-year period driven by new locations opened in fiscal 2025. Comparable store sales were flat.Outlet sales of $19 million were comparable to the prior-year period.Wholesale sales of $88 million were 5% lower than the first quarter of fiscal 2025. Gross margin was 62.3%, compared to 64.2% in the first quarter of fiscal 2025. The decreased gross margin was primarily due to (1) approximately $11 million of increased cost of goods sold from additional tariffs implemented in fiscal 2025 and (2) a $4 million higher LIFO accounting charge in the first quarter of fiscal 2026 compared to the first quarter of fiscal 2025. These decreases were partially offset by (1) updated sourcing and pricing strategies across our portfolio, (2) lower freight costs to customers and (3) a change in sales mix with a shift to a higher proportion of direct to consumer sales. On an adjusted basis, which excludes the impact of LIFO accounting, gross margin was 63.4% compared to 64.3% in the first quarter of fiscal 2025.SG&A was $211 million compared to $206 million, impacted primarily by new brick and mortar retail 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 $209 million compared to $206 million in the prior-year period.Royalties and other operating income decreased from $7 million to $6 million in the first quarter of fiscal 2026 primarily reflecting lower Tommy Bahama royalty income due to reduced sales by licensing partners impacted by higher tariffs.Operating income on a GAAP basis was $22 million, or 5.7% of net sales, compared to $36 million, or 9.2% of net sales, in the first quarter of fiscal 2025. On an adjusted basis, operating income was $30 million, or 7.7% of net sales, compared to $39 million, or 9.8% of net sales, in the first quarter of fiscal 2025.Interest expense was $2 million, an increase from the prior year period, primarily due to a higher average outstanding debt balance during the first quarter of fiscal 2026 than the first quarter of fiscal 2025.For the first quarter of fiscal 2026 and first quarter of fiscal 2025, our effective tax rate of 25.4% and 24.1%, respectively, included the net impact of discrete items including interest received on tax receivables.
Balance Sheet and Liquidity

Inventory as of the end of the first quarter of fiscal 2026 decreased $15 million, or 9%, on a LIFO basis compared to the end of the first quarter of fiscal 2025 primarily as a result of an increase to the LIFO reserve due to inflation in inventory costs. On a FIFO basis, inventory decreased $3 million, or 1%, compared to the end of the first quarter of fiscal 2025. Inventory as of May 2, 2026 included $9 million of additional costs capitalized into inventory related to the incremental U.S. tariffs implemented starting in fiscal 2025 compared to $3 million as of May 3, 2025.

During the first quarter of fiscal 2026, cash provided by operations was $8 million compared to cash used in operations of $4 million in the first quarter of fiscal 2025. The increase in cash flow from operations reflects disciplined working capital management partially offset by lower earnings.

Borrowings outstanding increased to $143 million at the end of the first quarter of fiscal 2026 compared to $118 million of borrowings outstanding at the end of the first quarter of fiscal 2025 and $116 million of borrowings outstanding at the end of fiscal 2025. During the first quarter of fiscal 2026, capital expenditures of $23 million, primarily associated with the new distribution center in Lyons, Georgia, and the opening of new brick and mortar locations, dividend payments of $11 million, and working capital requirements collectively exceeded cash flow from operations. The Company had $9 million of cash and cash equivalents at the end of the first quarter of fiscal 2026 versus $8 million of cash and cash equivalents at the end of the first quarter of fiscal 2025.

Dividend

The Board of Directors declared a quarterly cash dividend of $0.70 per share. The dividend is payable on July 31, 2026 to shareholders of record as of the close of business on July 17, 2026. The Company has paid dividends every quarter since it became publicly owned in 1960.

Outlook

For fiscal 2026, the Company is narrowing its full-year sales outlook by lowering the high end of the previous range and also tightening its adjusted EPS guidance by raising the low end of the previous guidance range. The Company now expects net sales in a range of $1.475 billion to $1.505 billion as compared to net sales of $1.478 billion in fiscal 2025. The Company expects GAAP earnings per share to be between $1.70 and $2.10, 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 $3.02 per share. Adjusted EPS is now expected to be between $2.30 and $2.70, compared to fiscal 2025 adjusted EPS of $2.11.

For the second quarter of fiscal 2026, the Company expects net sales to be between $380 million and $400 million compared to net sales of $403 million in the second quarter of fiscal 2025. GAAP EPS is expected to be between $1.13 and $1.33 in the second quarter of fiscal 2026 compared to $1.12 in the second quarter of fiscal 2025. Adjusted EPS is expected to be in a range of $1.20 to $1.40 compared to $1.26 in the second quarter of fiscal 2025.

The Company anticipates interest expense of $7 million in fiscal 2026, including $2 million in the second quarter of fiscal 2026. The Company’s effective tax rate is expected to be approximately 28% for the full year of fiscal 2026 and approximately 29% for the second quarter primarily reflecting the unfavorable net discrete tax expense related to shortfalls from stock-based compensation vesting during the quarter.

Capital expenditures in fiscal 2026, including the $23 million in the first quarter 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 the completion of the new distribution center in Lyons, Georgia and fewer new store openings expected in fiscal 2026.

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 June 24, 2026 by dialing (412) 317-6671 access code 13760616.

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;our ability to mitigate current and potential future tariffs imposed and realize 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;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, such as the organizational realignment initiatives being undertaken at Johnny Was;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;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;pandemics or other public health crises;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, including the impact of recent changes in U.S. tax laws and regulations and the interpretation and application of such laws and regulations;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; andgeopolitical 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.

Contact:Brian SmithE-mail:[email protected]   Oxford Industries, Inc.Consolidated Balance Sheets(in thousands, except par amounts)(unaudited)  May 2,May 3, 20262025ASSETS  Current Assets  Cash and cash equivalents$9,360 $8,175 Receivables, net 93,533  105,772 Inventories, net 147,488  162,334 Prepaid expenses and other current assets 52,312  41,253 Total Current Assets$302,693 $317,534 Property and equipment, net 341,800  281,504 Intangible assets, net 187,605  255,768 Goodwill 25,611  27,403 Operating lease assets 387,987  372,452 Other assets, net 61,578  63,195 Deferred income taxes 30,579  21,850 Total Assets$1,337,853 $1,339,706    LIABILITIES AND SHAREHOLDERS’ EQUITY  Current Liabilities  Accounts payable$102,672 $86,212 Accrued compensation 23,075  21,417 Current portion of operating lease liabilities 66,274  64,119 Accrued expenses and other liabilities 66,372  69,007 Total Current Liabilities$258,393 $240,755 Long-term debt 142,717  117,714 Non-current portion of operating lease liabilities 383,438  360,935 Other non-current liabilities 29,915  27,879 Shareholders’ Equity  Common stock, $1.00 par value per share 14,900  14,875 Additional paid-in capital 209,841  194,893 Retained earnings 300,286  385,761 Accumulated other comprehensive loss (1,637) (3,106)Total Shareholders’ Equity$523,390 $592,423 Total Liabilities and Shareholders’ Equity$1,337,853 $1,339,706         Oxford Industries, Inc.
Consolidated Statements of Operations
(in thousands, except per share amounts)
(unaudited)
   First Quarter
 Fiscal 2026
Fiscal 2025
Net sales$        391,402 $        392,861 Cost of goods sold         147,519          140,575 Gross profit$        243,883 $        252,286 Operating expenses    SG&A         210,888          205,745 Depreciation and amortization         16,380          16,963 Total Operating expenses$        227,268 $        222,708 Royalties and other operating income         5,748          6,628 Operating income$        22,363 $        36,206 Interest expense, net         2,282          1,726 Earnings before income taxes$        20,081 $        34,480 Income tax expense         5,093          8,299 Net earnings$        14,988 $        26,181      Net earnings per share:    Basic$        1.01 $        1.72 Diluted$        1.00 $        1.70 Weighted average shares outstanding:    Basic 14,892  15,222 Diluted 15,005  15,404 Dividends declared per share$        0.70 $        0.69         Oxford Industries, Inc.Consolidated Statements of Cash Flows(in thousands)(unaudited)  First Quarter Fiscal 2026Fiscal 2025Cash Flows From Operating Activities:  Net earnings$        14,988 $        26,181 Adjustments to reconcile net earnings to cash flows from operating activities:  Depreciation         14,573          14,529 Amortization of intangible assets         1,807          2,434 Impairment of property and equipment         849          — Equity compensation expense         3,727          3,605 Amortization of deferred financing costs         96          96 Deferred income taxes         3,596          (1,440)Changes in operating assets and liabilities, net of acquisitions and dispositions:  Receivables, net         (24,281)         (33,078)Inventories, net         17,870          5,271 Income tax receivable         3,547          5,053 Prepaid expenses and other current assets         (6,239)         (2,973)Current liabilities         (15,709)         (7,376)Other balance sheet changes         (6,922)         (16,244)Cash provided by (used in) operating activities$        7,902 $        (3,942)Cash Flows From Investing Activities:  Acquisitions, net of cash acquired         —          (28)Purchases of property and equipment         (22,771)         (23,427)Cash used in investing activities$        (22,771)$        (23,455)Cash Flows From Financing Activities:  Repayment of revolving credit arrangements         (115,975)         (94,125)Proceeds from revolving credit arrangements         142,249          180,733 Repurchase of common stock         —          (50,526)Proceeds from issuance of common stock         438          482 Cash dividends paid         (10,605)         (10,381)Other financing activities         —          (224)Cash provided by financing activities$        16,107 $        25,959 Net change in cash and cash equivalents         1,238          (1,438)Effect of foreign currency translation on cash and cash equivalents         (7)         143 Cash and cash equivalents at the beginning of year         8,129          9,470 Cash and cash equivalents at the end of period$        9,360 $        8,175         Oxford Industries, Inc.Reconciliations of Certain Non-GAAP Financial Information(in millions, except per share amounts)(unaudited)  First QuarterAS REPORTEDFiscal 2026Fiscal 2025% ChangeTommy Bahama   Net sales$224.6 $216.2 3.9%Gross profit$147.5 $139.7 5.6%Gross margin 65.7% 64.6% Segment EBITDA$40.1 $38.3 4.7%Segment EBITDA margin 17.9% 17.7% Lilly Pulitzer   Net sales$90.4 $99.0 (8.8)%Gross profit$55.3 $64.9 (14.9)%Gross margin 61.2% 65.6% Segment EBITDA$15.0 $23.1 (34.9)%Segment EBITDA margin 16.6% 23.3% Johnny Was   Net sales$37.9 $43.5 (12.9)%Gross profit$24.9 $28.1 (11.5)%Gross margin 65.7% 64.7% Segment EBITDA$(1.2)$0.0 NMSegment EBITDA margin(3.2)%(0.1)% Emerging Brands   Net sales$38.6 $34.2 12.8%Gross profit$20.7 $20.3 1.9%Gross margin 53.6% 59.3% Segment EBITDA$3.0 $2.9 4.4%Segment EBITDA margin 7.7% 8.3% Corporate and Other   Net sales$(0.1)$(0.1)NMGross profit (loss)$(4.5)$(0.8)NMCorporate EBITDA$(18.1)$(11.0)NMConsolidated   Net sales$391.4 $392.9 (0.4)%Gross profit$243.9 $252.3 (3.3)%Gross margin 62.3% 64.2% SG&A$210.9 $205.7 2.5%SG&A as % of net sales 53.9% 52.4% Depreciation and amortization$16.4 $17.0 (3.4)%Depreciation and amortization as % of net sales 4.2% 4.3% Operating income$22.4 $36.2 (38.2)%Operating margin 5.7% 9.2% Earnings before income taxes$20.1 $34.5 (41.8)%Net earnings$15.0 $26.2 (42.8)%Net earnings per diluted share$1.00 $1.70 (41.2)%Weighted average shares outstanding - diluted 15.0  15.4 (2.6)% The following table presents a reconciliation from segment EBITDA to net earnings (in millions):

 First Quarter Fiscal 2026Fiscal 2025% ChangeSegment EBITDA   Tommy Bahama$        40.1 $        38.3 4.7%Lilly Pulitzer$        15.0 $        23.1 (34.9)%Johnny Was$        (1.2)$        0.0 NMEmerging Brands$        3.0 $        2.9 4.4%Corporate and Other$        (18.1)$        (11.0)NMEBITDA$        38.7 $        53.2 (27.1)%Depreciation and amortization$        16.4 $        17.0 (3.4)%Consolidated operating income$        22.4 $        36.2 (38.2)%Interest expense, net$        2.3 $        1.7 32.2%Earnings before income taxes$        20.1 $        34.5 (41.8)%Income taxes$        5.1 $        8.3 (38.6)%Net earnings$        15.0 $        26.2 (42.8)%         The table below summarizes adjustments made to the as reported figures shown above (in millions):

 First QuarterADJUSTMENTSFiscal 2026Fiscal 2025LIFO adjustments(1)$4.4 $0.5 Amortization of Johnny Was intangible assets(2)$1.4 $1.9 Lyons Distribution Center movement costs(3)$0.5 $0.0 Merchandising strategic initiatives(4)$0.8 $0.0 Store closure impairment charges(5)$0.8 $0.0 Impact of income taxes(6)$(2.0)$(0.6)Adjustment to net earnings(7)$5.9 $1.8         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):

 First Quarter
 Fiscal 2026
Fiscal 2025
Cost of goods sold (as reported)$147.5 $140.6 LIFO adjustments(1)$4.4 $0.5      SG&A (as reported)$210.9 $205.7 Lyons Distribution Center movement costs(3)$0.5 $— Merchandising strategic initiatives(4)$0.8 $— Store closure impairment charges(5)$0.8 $—      Depreciation and amortization (as reported)$16.4 $17.0 Amortization of Johnny Was intangible assets(2)$1.4 $1.9      Consolidated operating income (as reported)$22.4 $36.2          First QuarterAS ADJUSTEDFiscal 2026Fiscal 2025% ChangeTommy Bahama   Net sales$224.6 $216.2 3.9%Gross profit$147.5 $139.7 5.6%Gross margin 65.7% 64.6% Segment EBITDA(4)$40.5 $38.3 5.6%Segment EBITDA margin(4) 17.9% 17.7% Lilly Pulitzer   Net sales$90.4 $99.0 (8.8)%Gross profit$55.3 $64.9 (14.9)%Gross margin 61.2% 65.6% Segment EBITDA$15.0 $23.1 (34.9)%Segment EBITDA margin 16.6% 23.3% Johnny Was   Net sales$37.9 $43.5 (12.9)%Gross profit$24.9 $28.1 (11.5)%Gross margin 65.7% 64.7% Segment EBITDA(5)$(0.9)$0.0 NMSegment EBITDA margin(5)(2.4)%(0.1)% Emerging Brands   Net sales$38.6 $34.2 12.8%Gross profit$20.7 $20.3 1.9%Gross margin 53.6% 59.3% Segment EBITDA(5)$3.5 $2.9 22.7%Segment EBITDA margin(5) 9.1% 8.3% Corporate and Other   Net sales$(0.1)$(0.1)NMGross profit (loss)$(0.2)$(0.3)NMCorporate EBITDA(1)(3)(4)(6)$(12.8)$(10.6)NMConsolidated   Net sales$391.4 $392.9 (0.4)%Gross profit$248.3 $252.8 (1.8)%Gross margin 63.4% 64.3% SG&A$208.7 $205.7 1.4%SG&A as % of net sales 53.3% 52.4% Operating income$30.3 $38.6 (21.6)%Operating margin 7.7% 9.8% Earnings before income taxes$28.0 $36.9 (24.1)%Net earnings$20.9 $28.0 (25.4)%Net earnings per diluted share$1.39 $1.82 (23.4)%           First Quarter  First Quarter First Quarter   Fiscal 2026  Fiscal 2026 Fiscal 2025   Actual  Guidance(8) Actual Net earnings per diluted share:        GAAP basis$1.00 $1.13 - 1.23$1.70 LIFO adjustments(1)(9) 0.22  0.00  0.02 Amortization of Johnny Was intangible assets(2)(9) 0.07  0.07  0.09 Lyons distribution center movement costs(3)(9) 0.03  0.00  0.00 Merchandising strategic initiatives(4)(9) 0.04  0.00  0.00 Store closure impairment charges(5)(9) 0.04  0.00  0.00 As adjusted(7)$1.39 $1.20 - 1.30$1.82                     Second Quarter  Second Quarter     Fiscal 2026  Fiscal 2025     Guidance(10)  Actual   Net earnings per diluted share:        GAAP basis$1.13 - 1.33 $1.12    LIFO adjustments(11) 0.00  0.05    Amortization of Johnny Was intangible assets(2)(9) 0.07  0.10    As adjusted(7)$1.20 - 1.40 $1.26                        Fiscal 2026  Fiscal 2025     Guidance(10)  Actual   Net earnings (loss) per diluted share:        GAAP basis$1.70 - 2.10 $(1.86)   LIFO adjustments(11) 0.22  0.42    Amortization of Johnny Was intangible assets(2)(9) 0.27  0.38    Lyons distribution center movement costs(3)(9) 0.03  0.00    Merchandising strategic initiatives(4)(9) 0.04  0.00    Store closure impairment charges(5)(9) 0.04  0.00    Johnny Was impairment charges(12)(9) 0.00  2.82    Johnny Was organizational realignment initiatives(13)(9) 0.00  0.15    Emerging Brands impairment charges(14)(9) 0.00  0.20    As adjusted(7)$2.30 - 2.70 $2.11     (1) LIFO adjustments represents the impact of LIFO accounting adjustments. These adjustments are included in cost of goods sold in Corporate and Other.(2)Amortization of Johnny Was intangible assets represents the amortization related to intangible assets acquired as part of the Johnny Was acquisition. These charges are included in depreciation and amortization in Johnny Was.(3) Lyons distribution center relocation costs relate to one-time, non-recurring costs to move inventory between distribution facilities in Lyons, Georgia. These charges are included in SG&A in Corporate and Other.(4)Merchandising strategic initiatives relate to one-time, non-recurring costs, incurred to assess and strategically align our merchandising operations across the Company. These charges are included in SG&A in Tommy Bahama and Corporate and Other.(5)Store closure impairment charges relate to charges incurred to close retail stores. These charges are included in SG&A in Johnny Was and Emerging Brands.(6) Impact of income taxes represents the estimated tax impact of the above adjustments based on the estimated applicable tax rate on current year earnings.(7)Amounts in columns may not add due to rounding.(8)Guidance as issued on March 26, 2026.(9) Adjustments shown net of income taxes.(10)Guidance as issued on June 10, 2026.(11)No estimate for LIFO accounting adjustments is reflected in the guidance for any future periods.(12)Johnny Was impairment charges represent the impairment of the Johnny Was intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Johnny Was.(13)Johnny Was organizational realignment initiatives include severance costs, consulting fees and store closure related costs. These charges are included in SG&A and depreciation and amortization in Johnny Was.(14)Emerging Brands impairment charges represent the impairment of the Jack Rogers goodwill and intangible asset balances. These charges were included in impairment of goodwill and intangible assets in Emerging Brands.    Direct to Consumer Location Count End of Q1End of Q2End of Q3End of Q4Fiscal 2025    Tommy Bahama    Full-price retail store103103104102Retail-food and beverage26262828Outlet36383837Total Tommy Bahama165167170167Lilly Pulitzer full-price retail store65666667Johnny Was    Full-price retail store77757575Outlet3333Total Johnny Was80787878Emerging Brands    Southern Tide full-price retail store35363534TBBC full-price retail store8999Total Oxford353356358355     Fiscal 2026    Tommy Bahama    Full-price retail store102   Retail-food and beverage28   Outlet38   Total Tommy Bahama168   Lilly Pulitzer full-price retail store69   Johnny Was    Full-price retail store70   Outlet3   Total Johnny Was73   Emerging Brands    Southern Tide full-price retail store33   TBBC full-price retail store8   Total Oxford351        

Oxford Industries (OXM - Free Report) came out with quarterly earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +9.45%. A quarter ago, it was expected that this owner of the Tommy Bahama, Lilly Pulitzer and Southern Tide clothing lines would post earnings of $0.05 per share when it actually produced a loss of $0.09, delivering a surprise of -280%.

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 $391.4 million for the quarter ended April 2026, surpassing the Zacks Consensus Estimate by 0.31%. This compares to year-ago revenues of $392.86 million. The company has topped consensus revenue estimates three 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 26.2% since the beginning of the year versus the S&P 500's gain of 7.9%.

What's Next for Oxford Industries?While Oxford Industries has outperformed 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 $1.48 on $413.8 million in revenues for the coming quarter and $2.51 on $1.5 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 39% 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.

Another stock from the same industry, Vince Holding Corp. (VNCE - Free Report) , has yet to report results for the quarter ended April 2026. The results are expected to be released on June 16.

This company is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of +64.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Vince Holding Corp.'s revenues are expected to be $63.05 million, up 8.8% from the year-ago quarter.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 300 points on Thursday.

Shares of Oxford Industries Inc (NYSE:OXM) fell sharply in pre-market trading after the company reported mixed results for the first quarter.

The company posted quarterly earnings of $1.39 per share, which beat the analyst consensus estimate of $1.29 per share. The company reported quarterly sales of $391.402 million, which missed the analyst consensus estimate of $391.754 million.

The company raised its FY2026 earnings guidance, while narrowing its sales outlook.

Oxford Industries shares dipped 6.6% to $40.42 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

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Oxford Industries, Inc. reported Q1 FY 2026 net sales of $391.4 million in its press release and then cut FY 2026 guidance to midpoint. The stock declined approximately 17% following disclosures.

, /PRNewswire/ -- Investors in Oxford Industries, Inc. (NYSE: OXM) lost up to 17% of their holdings when shares dropped after the company cut its FY 2026 revenue guidance midpoint to $1.49 billion. The company's Q1 FY 2026 earnings press release stated net sales of $391.4 million. Shareholders who lost money on OXM are encouraged to submit their information now. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

If you purchased Oxford Industries shares and suffered a loss, click here to discuss your legal rights. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

Levi & Korsinsky, LLP -- Top 50 securities litigation firm (ISS, seven consecutive years). Over 70 professionals. Hundreds of millions recovered.

Frequently Asked Questions About the OXM Investigation

Q: Who is eligible to participate in the OXM investigation?A: Investors who purchased OXM stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Oxford Industries made materially false or misleading statements regarding its financial results. When the company subsequently cut guidance, the stock price declined sharply.

Q: How much did OXM stock drop?A: Shares fell approximately 17% after Oxford Industries disclosed weaker-than-expected FY 2026 revenue guidance and a reduced outlook. Investors who purchased shares at higher prices may be entitled to recovery.

Q: What does it cost me to participate?A: Nothing. Securities investigations are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: What if I already sold my OXM shares -- can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought OXM and sold at a loss may still participate in the investigation.

Q: What do OXM investors need to do right now?A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: Has Levi & Korsinsky handled similar cases before?A: Yes, including securities investigations involving revenue inflation, earnings guidance issues, and financial reporting inconsistencies across numerous industries.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

SOURCE Levi & Korsinsky, LLP

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