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Key Takeaways Hexcel Q1 earnings beat estimates, with adjusted EPS up 59.5% and sales rising 9.9% year over year.HXL growth was driven by commercial aerospace demand, with Airbus and Boeing programs boosting sales.HXL expects 2026 sales of $2.00-$2.10B and free cash flow above $195M, signaling steady outlook. Hexcel Corporation (HXL - Free Report) reported first-quarter 2026 adjusted earnings of 59 cents per share, which improved 59.5% from the year-ago quarter’s figure of 37 cents. The bottom line also surpassed the Zacks Consensus Estimate of 42 cents by 40.5%.

The company reported GAAP earnings of 49 cents per share, which surpassed the year-ago quarter’s earnings of 35 cents.

HXL’s Total SalesThe company’s net sales totaled $501.5 million, which beat the Zacks Consensus Estimate of $487 million by 3%. The top line also witnessed an improvement of 9.9% from the year-ago quarter’s figure of $456.5 million.

Hexcel’s Operational UpdateHexcel's gross margin was 26.9%, which increased 450 basis points from the prior-year quarter. The improvement can be attributed to favorable cost leverage driven by higher sales.

Selling, general and administrative expenses increased 14.1% year over year to $49.4 million.

Meanwhile, research and technology expenses rose 29% year over year to $17.8 million.

HXL’s adjusted operating income was $57.6 million compared with $44.2 million in the year-ago period.

Contribution From Different MarketsCommercial Aerospace: Net sales increased 18.8% year over year to $332.7 million, driven by sales growth from Airbus A350 and A320, as well as Boeing 787 and 737 programs. This market contributed 66% to total revenues in the quarter.

Defense, Space & Other: Net sales decreased 4.3% year over year to $168.8 million, due to the divestment of the Austrian-based industrial business and lower sales of launchers and rocket motors. This market contributed 34% to total revenues in the quarter.

HXL’s Financial DetailsAs of March 31, 2026, Hexcel’s cash and cash equivalents were $54.1 million compared with $71 million as of Dec. 31, 2025.

The company’s long-term debt totaled $998.1 million as of March 31, 2026, up from $993 million as of 2025-end.

HXL’s cash flow from operating activities was $19 million, in contrast to a cash outflow of $28.5 million in the prior year.

Hexcel’s 2026 GuidanceHexcel expects to generate sales in the range of $2.00-$2.10 billion for 2026. The Zacks Consensus Estimate is pegged at $2.07 billion, which lies above the midpoint of the company’s sales guidance.

HXL also expects its adjusted earnings per share to be in the range of $2.10-$2.30 for 2026. The Zacks Consensus Estimate is currently pegged at $2.22 per share, which is above the midpoint of the company’s guided range.

Hexcel expects to generate a free cash flow of more than $195 million in 2026. It also expects capital expenditure to be less than $100 million.

HXL’s Zacks RankHexcel currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Defense ReleasesRTX Corporation’s (RTX - Free Report) first-quarter 2026 adjusted earnings per share (EPS) of $1.78 beat the Zacks Consensus Estimate of $1.52 by 17%. The bottom line improved 21.1% from the year-ago quarter’s level of $1.47.

Quarterly revenues came in at $22.08 billion, up 8.7% from $20.31 billion in the year-ago period. Sales also beat the consensus mark of $21.56 billion by 2.43%.

Northrop Grumman Corporation (NOC - Free Report) reported first-quarter 2026 adjusted earnings of $6.14 per share, which beat the Zacks Consensus Estimate of $6.08 by 1%. The bottom line also improved 1.3% from the year-ago quarter’s level of $6.06.

NOC’s total sales of $9.88 billion in the first quarter beat the Zacks Consensus Estimate of $9.79 billion by 1%. The top line also improved 4.4% from $9.47 billion reported in the year-ago quarter.

The Boeing Company (BA - Free Report) incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents.

Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.

Hexcel Corporation is upgraded to strong buy with a $105.52 price target, reflecting 16% upside and robust operating leverage. HXL's commercial aerospace sales surged nearly 19% quarterly, driven by Airbus A350, Boeing 787, and strong single-aisle program volumes. 2026 guidance calls for $2–$2.1B in sales, $2.10–$2.30 EPS, and >$195M in free cash flow, as margins and leverage improve.

Key Takeaways WWD Q2 EPS jumped 34% to $2.27, beating estimates as sales rose 23% to $1.09B.Woodward saw strong Aerospace and Industrial demand, driving growth across OEM and services markets.WWD raised FY26 outlook, now sees sales up 2023% and EPS of $9.15$9.45 on solid momentum. Woodward, Inc. (WWD - Free Report) reported second-quarter fiscal 2026 adjusted net earnings per share (EPS) of $2.27, which jumped 34.3% year over year and beat the Zacks Consensus Estimate by 13.5%.

Quarterly net sales increased 23.4% year over year to $1090.6 million. The upside was fueled by market tailwinds across Aerospace and Industrial. The top line beat the consensus estimate by 9.9%.

Management highlighted that it is raising its full-year outlook, supported by strong first-half performance and continued demand strength. The company remains focused on disciplined execution in a dynamic environment, while continuing to invest in innovation and operational excellence to drive sustained profitable growth and long-term shareholder value.

In the past year, shares have gained 90.3% compared with the Zacks Aerospace - Defense Equipment industry’s rise of 23.6%.

Image Source: Zacks Investment Research

WWD’s Segment ResultsAerospace: Net sales were $703 million, up 25% year over year, driven by broad-based strength across commercial services, commercial OEM and defense OEM. Defense OEM and defense services sales were up 9% and 8%, respectively, year over year. Commercial OEM sales were up 30% year over year, while services jumped 36%.

Segmental earnings were $158 million, up from $125 million a year ago. The increase was driven by price realization and higher sales volumes, partially offset by the impact of inflation as well as continued investments in manufacturing capabilities, research and development and the enterprise resource planning system upgrade. Margins expanded 30 basis points (bps) to 22.5%.

Industrial: Net sales totaled $387 million, up 20% year over year, driven by gains across transportation, power generation and oil & gas markets. Core industrial sales, excluding the China on-highway impact, rose 19%.

Transportation sales surged 34%, and oil and gas sales increased 18%. Power generation grew a modest 7%.

Segmental earnings were $66 million, up from $46 million in the year-ago quarter. In the industrial segment, margins increased 270 bps to 17%. The increase was driven by higher sales volumes, effective price realization and a favorable product mix, partially offset by inflationary pressures and a reserve related to a product performance claim.

Other Details of WWDGross margin was up 180 bps year over year to 29%.

Total costs and expenses were $923.1 million, up 23% year over year.

Adjusted EBITDA was $215.5 million compared with $164 million a year ago.

WWD’s Cash Flow & LiquidityAs of March 31, 2026, Woodward had $501.2 million in cash and cash equivalents with $453.4 million of long-term debt (less the current portion).

For the quarter ended March 31, 2026, WWD generated $90.8 million of net cash from operating activities compared with $77.8 million reported in the same period last year. For the first half, WWD generated $205.3 million of net cash from operating activities compared with $112.3 million reported a year ago.

For the second quarter, free cash flow was $38.2 million compared with $59.4 million in the year-ago period. This uptick was driven by higher earnings.

Capital expenditures reached $53 million in the second quarter, up from $18 million. The company expects capital spending to rise meaningfully over the remaining two quarters.

In the quarter under review, WWD returned $245 million to its shareholders in the form of $19 million of dividends and $226 million worth of share repurchases.

WWD’s Fiscal 2026 GuidanceFor fiscal 2026, Woodward has raised its overall outlook, reflecting strong performance and improved visibility. The company now expects total sales to grow 20–23%, an increase from the earlier guidance of 14–18%.

At the segment level, Aerospace sales growth is now anticipated at 21–24%, up from the earlier estimated 15–20% range, with segment earnings expected to improve to 23–23.5% of sales compared with 22–23% previously. In the Industrial segment, sales are projected to grow 18–20%, an increase from the prior outlook of 11–14%, while segment earnings are expected to rise to 18–18.5% of sales from the earlier 16–17% range.

The company anticipates adjusted EPS of $9.15–$9.45 versus the prior range of $8.20–$8.60.

Other assumptions remain unchanged — the company still anticipates free cash flow of $300–$350 million, capital expenditures of around $290 million and an adjusted effective tax rate of approximately 22%.

WWD’s Zacks RankWoodward currently carries a Zacks Rank #3(Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recent Performance of Other CompaniesTeledyne Technologies Inc. (TDY - Free Report) reported first-quarter 2026 adjusted earnings of $5.80 per share, which surpassed the Zacks Consensus Estimate of $5.48 by 5.9%. The bottom line also improved 17.2% from $4.95 recorded in the year-ago quarter.
Including one-time items, the company recorded GAAP earnings of $4.85 per share, up 21.6% from the prior-year period’s earnings of $3.99.
The year-over-year improvement in the bottom line can be attributed to higher net sales and operating income in the first quarter than the year-ago quarter’s reported actuals.

Hexcel Corporation (HXL - Free Report) reported first-quarter 2026 adjusted earnings of 59 cents per share, which improved 59.5% from the year-ago quarter’s figure of 37 cents. The bottom line also surpassed the Zacks Consensus Estimate of 42 cents by 40.5%.

The company reported GAAP earnings of 49 cents per share, which surpassed the year-ago quarter’s earnings of 35 cents.

The company’s net sales totaled $501.5 million, which beat the Zacks Consensus Estimate of $487 million by 3%. The top line also witnessed an improvement of 9.9% from the year-ago quarter’s figure of $456.5 million.

RTX Corporation’s (RTX - Free Report) first-quarter 2026 adjusted earnings per share of $1.78 beat the Zacks Consensus Estimate of $1.52 by 17%. The bottom line improved 21.1% from the year-ago quarter’s level of $1.47.

Quarterly revenues came in at $22.08 billion, up 8.7% from $20.31 billion in the year-ago period. Sales also beat the consensus mark of $21.56 billion by 2.43%.

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Stock to Watch: Hexcel (HXL - Free Report) Delaware-based Hexcel Corporation develops, manufactures and distributes lightweight, high-performance structural materials for use in the Commercial Aerospace, Space & Defense and Industrial markets. Hexcel Corporation, founded in 1946, was incorporated in California in 1948, and reincorporated in Delaware in 1983. The company's products are used in a wide variety of end applications, such as commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive and other complex industrial applications. The company serves international markets through manufacturing facilities located in the United States, Asia Pacific, Europe, Russia and Africa.

HXL is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Aerospace stock. HXL has a Momentum Style Score of B, and shares are up 8.8% over the past four weeks.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.02 to $2.24 per share. HXL boasts an average earnings surprise of +12.6%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, HXL should be on investors' short list.

WICHITA, Kan.--(BUSINESS WIRE)--Hexcel Corporation (NYSE: HXL), a global leader in advanced composite materials, today announced the groundbreaking of the Hexcel Applications Center at Wichita State University's National Institute for Aviation Research (NIAR). The new center marks a significant expansion of Hexcel's long‑standing collaboration with NIAR and reflects a shared commitment to advancing composite materials, automated processing, and aerospace manufacturing innovation. “This investme.

Hexcel Corporation is rated Buy with a $119/share price target, reflecting strong growth prospects in aerospace, defense, and space markets. Robust Q1'26 results, including 10% top-line growth and 180 bps margin expansion, highlight operational momentum and margin-accretive growth. HXL is positioned to benefit from rising aircraft production, space infrastructure investments, and increased defense spending, with operating leverage expected to improve through FY26.

BERLIN--(BUSINESS WIRE)--Announcement of Hexcel agreement with Deutsche Aircraft.

Wall Street expects a year-over-year decline in earnings on higher revenues when Imperial Oil (IMO - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 1, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis oil and gas and petroleum products company is expected to post quarterly earnings of $1.67 per share in its upcoming report, which represents a year-over-year change of -4.6%.

Revenues are expected to be $9.79 billion, up 12.3% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 157.6% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Imperial Oil?For Imperial Oil, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination makes it difficult to conclusively predict that Imperial Oil will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Imperial Oil would post earnings of $1.36 per share when it actually produced earnings of $1.41, delivering a surprise of +3.68%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Imperial Oil doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Wall Street expects a year-over-year increase in earnings on higher revenues when Suncor Energy (SU - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 5. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis energy company is expected to post quarterly earnings of $1.45 per share in its upcoming report, which represents a year-over-year change of +59.3%.

Revenues are expected to be $8.94 billion, up 3.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 31.15% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Suncor Energy?For Suncor Energy, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination makes it difficult to conclusively predict that Suncor Energy will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Suncor Energy would post earnings of $0.77 per share when it actually produced earnings of $0.79, delivering a surprise of +2.60%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Suncor Energy doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Oil and Gas - Integrated - Canadian industry, Imperial Oil (IMO - Free Report) , is soon expected to post earnings of $1.67 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of -4.6%. Revenues for the quarter are expected to be $9.79 billion, up 12.3% from the year-ago quarter.

The consensus EPS estimate for Imperial Oil has been revised 70.9% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.

When combined with a Zacks Rank of #1 (Strong Buy), this Earnings ESP makes it difficult to conclusively predict that Imperial Oil will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO) (NYSE American: IMO):   First quarter millions of Canadian dollars, unless noted 2026 2025 ∆I Net income (loss) (U.S. GAAP) 940 1,288 (348) Net income (loss) per common share, assuming dilution (dollars) 1.94 2.52 (0.58) Capital and exploration expenditures 478 398 +80 Imperial reported estimated net income in the first quarter of $940 million, up from net income of $492 million in the fourth quarter of 2025, primarily driven by the absence.

Imperial Oil (IMO - Free Report) came out with quarterly earnings of $1.41 per share, missing the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -15.57%. A quarter ago, it was expected that this oil and gas and petroleum products company would post earnings of $1.36 per share when it actually produced earnings of $1.41, delivering a surprise of +3.68%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Imperial Oil, which belongs to the Zacks Oil and Gas - Integrated - Canadian industry, posted revenues of $9.07 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 7.31%. This compares to year-ago revenues of $8.72 billion. The company has not been able to beat consensus revenue estimates 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.

Imperial Oil shares have added about 55.3% since the beginning of the year versus the S&P 500's gain of 5.3%.

What's Next for Imperial Oil?While Imperial Oil 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 Imperial Oil was favorable. 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 #1 (Strong Buy) for the stock. So, the shares are expected to outperform 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 $2.83 on $10.82 billion in revenues for the coming quarter and $8.45 on $38 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, Oil and Gas - Integrated - Canadian is currently in the top 2% 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.

One other stock from the same industry, Suncor Energy (SU - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on May 5.

This energy company is expected to post quarterly earnings of $1.45 per share in its upcoming report, which represents a year-over-year change of +59.3%. The consensus EPS estimate for the quarter has been revised 31.2% higher over the last 30 days to the current level.

Suncor Energy's revenues are expected to be $8.94 billion, up 3.1% from the year-ago quarter.

Key Takeaways IMO posted Q1 EPS of $1.41, missing estimates and falling YoY, while sales rose to $9.1B but missed consensus.IMO saw weaker upstream income and lower prices, with declines in downstream sales and refinery throughput.IMO returned C$350M via dividends and expects 2026 upstream output of 441K-460K boe/d with steady utilization. Imperial Oil Limited (IMO - Free Report) reported first-quarter 2026 adjusted earnings per share of $1.41, which missed the Zacks Consensus Estimate of $1.67 and decreased from the year-ago quarter’s $1.75 due to lower net income in the upstream segment and a lower average realized price for synthetic crude.

Revenues of $9.1 billion missed the Zacks Consensus Estimate of $9.8 billion due to weak performance in both the Upstream and Downstream segments. However, the top line increased from the year-ago quarter’s level of $8.7 billion.

During the quarter, Imperial Oil returned C$350 million to its shareholders through dividend payments.

On May 1, 2026, the Calgary-based integrated oil and gas company declared a quarterly dividend of 87 Canadian cents per share on its outstanding common shares, payable on July 1, 2026, to its shareholders of record as of June 4.

IMO’s Segmental InformationUpstream: Revenues of C$4 billion decreased from the prior-year level of C$4.5 billion. The segment reported a net income of C$470 million compared with C$731 million in the year-ago quarter.

The company recorded average upstream production of 419,000 gross oil-equivalent barrels per day (boe/d) in the first quarter, which increased from the prior-year level of 418,000 boe/d. However, the figure missed our expectation of 436,000 boe/d.

IMO recorded total gross bitumen production at Kearl averaged 259,000 barrels per day (183,000 barrels Imperial Oil's share), up from 256,000 barrels per day (181,000 barrels Imperial Oil's share) in the first quarter of 2025.

The company also posted gross bitumen production at Cold Lake, averaging 155,000 barrels per day (bpd), which was an increase from 154,000 bpd in the first quarter of 2025.

IMO’s share of gross production from Syncrude averaged 72,000 bpd, down from 73,000 bpd in the first quarter of 2025. Lower volumes at Syncrude were caused by unplanned coker downtime.

Bitumen price realizations totaled C$68.21 per barrel compared with C$75.31 in the year-ago period. IMO received an average realized price of C$96.13 per barrel for synthetic oil compared with the prior-year quarter’s C$98.79. For conventional crude oil, it received C$52.44 per barrel compared with C$48.70 in the corresponding period of 2025.

Downstream: Revenues of C$13.9 billion decreased from the prior-year level of C$14 billion. Net income totaled C$611 million compared with C$584 million in the year-ago period.

The company recorded petroleum product sales of 441,000 bpd, compared to 455,000 bpd in the first quarter of 2025. The figure missed our expectation of 494,000 bpd. The refinery throughput in the first quarter averaged 384,000 bpd, down from the prior-year quarter’s level of 397,000 bpd. Moreover, the figure missed our estimate of 412,000 bpd. Imperial Oil recorded lower refinery throughput, primarily due to unplanned downtime and a disruption of synthetic crude feedstock caused by Syncrude's coker outage. The capacity utilization of 88% was down from the year-ago level of 91%. The figure also missed our estimate.

Chemical: Revenues of C$336 million decreased from C$372 million in the first quarter of 2025. Net income totaled C$24 million compared with C$31 million in the year-ago period.

IMO’s Total Costs & CapexTotal expenses of C$11.2 billion increased from the year-ago quarter’s C$10.8 billion.

In the quarter under review, this Zacks Rank #1 (Strong Buy) company’s capital and exploration expenditures totaled C$478 million, up from the year-ago quarter’s C$398 million.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Financial Performance for IMOCash flow from operating activities was C$756 million compared with C$1.5 billion in the year-ago quarter.

As of March 31, 2026, Imperial Oil had cash and cash equivalents of C$1 billion. Total debt of the company amounted to C$4 billion, with a debt-to-capitalization of 14.9%.

IMO’s Outlook for 2026IMO has already disclosed a capital and exploration spending budget ranging between C$2 billion and C$2.2 billion for 2026. Within its Upstream segment, production is anticipated to be in the range of 441,000-460,000 gross oil-equivalent barrels per day for the same year. Meanwhile, throughput in the Downstream segment is projected to be in the range of 395,000-405,000 barrels per day, accompanied by a capacity utilization rate of 91-93% throughout 2026.

Important Earnings at a GlanceWhile we have discussed IMO’s first-quarter results in detail, let us take a look at three other key reports in this space.

Patterson-UTI Energy, Inc. (PTEN - Free Report) reported a first-quarter 2026 adjusted net loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a 10-cent loss. However, the bottom line decreased from the year-ago quarter's breakeven result due to a decrease in operating income in its Drilling Services, Completion Services and Drilling Products segments.

Total revenues of $1.1 billion beat the Zacks Consensus Estimate by 3.1%. This was driven by higher-than-expected revenues from the Drilling Services and Completion Services segments. The Drilling Services and Completion Services segments reported revenues of $351.7 million and $679.6 million, which beat the consensus mark of $350 million and $37.1 million, respectively. However, the top line decreased about 12.8% year over year. This underperformance can be attributed to the decrease in year-over-year segment revenues.

As of March 31, 2026, the company had cash and cash equivalents worth $337.2 million and long-term debt of $1.2 billion. Its debt-to-capitalization was 27.8%.

NOV Inc. (NOV - Free Report) reported first-quarter 2026 adjusted earnings of 15 cents per share, which missed the Zacks Consensus Estimate of 17 cents. The bottom line also decreased 21% from the year-ago quarter’s 19 cents.

The oil and gas equipment and services company’s total revenues of $2.05 billion beat the Zacks Consensus Estimate by $2 million but fell 2.4% from the year-ago quarter’s figure of $2.1 billion.

The lower-than-expected quarterly earnings of the company were primarily attributable to conflict in the Middle East, which disrupted logistics, delayed deliveries and increased operational costs.

As of March 31, the company had cash and cash equivalents of $1.3 billion and long-term debt of $1.7 billion with a debt-to-capitalization of 21.2%. NOV had $1.5 billion available on its primary revolving credit facility during the same time.

Nabors Industries Ltd. (NBR - Free Report) reported a first-quarter 2026 adjusted loss of $1.54 per share, narrower than the Zacks Consensus Estimate of a loss of $2.39. Additionally, the metric is significantly above the prior-year quarter’s reported loss of $7.5 per share. This outperformance was mainly driven by higher adjusted operating income from its International Drilling segment.

The oil and gas drilling company’s operating revenues of $783.5 million beat the Zacks Consensus Estimate of $779 million. The top line also increased from the year-ago quarter’s $736.2 million, primarily supported by higher contributions from the U.S. Drilling, International Drilling and Drilling Solutions segments.

As of March 31, 2026, Nabors had $500.9 million in cash and short-term investments. Long-term debt was about $2.1 billion, with a debt-to-capitalization of 78.8%.

Listen to the audio version of this article (generated by AI).

The AI trade shifts to CPUs… Luke Lango with a batch of AI stocks to consider… Jonathan Rose eyes a Canadian oil squeeze … Louis Navellier is positioning for the Warsh Era If you acted on our March 19 Digest and jumped into Intel (INTC), congrats – you’re up about 150%, a move that’s nearly 14X’d the S&P over the same period.

What’s behind this surge?

A mix of rising AI-infrastructure demand, renewed enthusiasm around Intel’s foundry ambitions, and growing demand for server CPUs.

Zeroing in on that “server CPU” element, It’s not just Intel…

As we covered in yesterday’s Digest, Advanced Micro Devices Inc. (AMD) – another huge CPU maker – jumped nearly 19% on Wednesday after strong earnings highlighted surging demand for AI data-center hardware – including server CPUs.

AMD forecast that server CPU revenue will grow by more than 70% year-over-year in the upcoming second quarter.

And CEO Lisa Su doubled the company’s long-term forecast for the server CPU market, now expecting it to reach $120 billion by 2030 (up from a previous estimate of $60 billion).

Now, before we go any further, let’s fill in some details…

What’s a CPU, and why should we care? Until recently, the AI boom has been defined by one thing…

Graphics processing units, or GPUs.

These specialized chips handle massive workloads all at once – powering everything from ChatGPT to enterprise AI systems – and they’ve been at the center of the AI explosion.

But as AI shifts from standalone chatbots to coordinated AI agents (the next phase of AI that’s racing toward us), the demands inside data centers are beginning to change.

Here’s our macro investing expert Eric Fry of Fry’s Investment Report connecting that shift:

Technology companies are now building agentic AI systems – networks of AI agents that collaborate to complete complex tasks.

Instead of answering one question, they manage entire workflows.

That shift dramatically changes the computing demands inside data centers.

Given this shift, a much older, far less flashy piece of technology suddenly becomes critical again…

You guessed it – the central processing unit, or CPU.

Of course, modern AI systems also rely on advanced networking, memory, and orchestration software. But CPUs remain central to directing workloads and keeping these increasingly complex systems operating efficiently.

If GPUs are the engines doing the heavy lifting, CPUs are increasingly becoming the conductors They direct traffic, coordinate tasks, and keep everything operating efficiently.

Back to Eric:

The GPUs run the AI models…

But the CPUs increasingly run the system that manages the AI.

So, the next phase of the AI boom may not be driven solely by bigger models, but by the infrastructure required to coordinate them.

Translation: growing demand for server CPUs.

Back to Eric:

The semiconductor industry is already seeing early signs of tightening supply for server CPUs.

Delivery times for some processors have stretched toward six months. Prices have risen more than 10% in certain markets.

That was the core analysis that led us to put Intel on your radar back in March. And here we are, 150% later.

We expect outsized demand for CPUs to continue driving INTC and AMD higher over the next 12 months.

But the opportunity here extends far beyond CPU leaders We also expect huge growth to come from:

high-bandwidth memory networking chips data-center interconnects power infrastructure AI server manufacturers Given this opportunity set, let’s put some new ideas on your radar today, courtesy of our technology expert Luke Lango of Innovation Investor.

On Tuesday, Luke covered the hyperscalers’ $700 billion spending commitments in 2026 to build out AI infrastructure, then asked the question…

Who benefits?

Here he is with some of the stocks he flagged:

Nvidia (NVDA) remains the primary beneficiary of AI compute spending, supplying GPUs to all four hyperscalers.  Marvell Technology (MRVL) is building custom chips for Amazon and Microsoft.  Applied Materials (AMAT), KLA Corporation (KLAC), and Lam Research (LRCX) supply the equipment used to manufacture every chip going into these data centers.  Monolithic Power Systems (MPWR) provides power management semiconductors critical to the efficiency of AI compute.  This list is hardly exhaustive. And while Luke is bullish on these companies, they’re not necessarily his favorite AI picks right now. To access his official AI recommendation list in Innovation Investor, click here to learn about joining him.

Here’s Luke’s overall message to investors today:

The AI trade is not a momentum trade built on narrative. It is a fundamental trade anchored in the largest capital investment cycle in the history of technology, validated by real revenue, real margins, and real customer commitments. 

And the companies on the receiving end of that spending remain the most compelling investment opportunity in the market.

Shifting gears to the oil patch… Over the last two days, Brent crude has tumbled from around $108 to $101 (as I write) while West Texas Intermediate has pulled back from about $101 to $96.

As we covered in the Digest, the trigger was an Axios report that the U.S. and Iran are nearing a 14-point memorandum of understanding to end the war that has strangled roughly a fifth of global oil and gas supplies. As I write on Thursday, we’re still waiting for Iran’s response to the latest proposal from the U.S.

For most investors, this pullback in oil is just a headline. For veteran trader Jonathan Rose of Masters in Trading, it was the latest chapter in a story he’s been tracking since February.

When the conflict in the Strait of Hormuz was beginning, Jonathan was already highlighting where volatility-based opportunities would arise.

He flagged refiners, domestic producers, and commodity names before the crowd caught on – and his subscribers locked in a string of big wins as the conflict escalated.

Now, with oil pulling back sharply on peace hopes, Jonathan is looking at a completely different angle – one most traders aren’t even aware of…

While everyone watches the Middle East, he’s eyeing Canadian oil sands Here’s Jonathan to explain:

Bitumen – that thick, sludgy oil used in Canadian oil sands – is ripping higher.

To make sure we’re all on the same page, while bitumen prices have some sensitivity to Strait of Hormuz volatility, they’re primarily driven by Chinese infrastructure demand.

Oil sands producers, characterized by low marginal costs and high fixed capital, see explosive cash flow growth – and often, related stock moves – when these margins expand.

And recently, margins have been widening due to a “perfect storm” of rising prices and falling transportation costs.

For example, in March, Western Canada Select (WCS) prices averaged $75.85/barrel, nearly 40% higher than a year prior. Meanwhile, the “discount” Canadian producers pay to ship their oil has shrunk significantly. The Trans Mountain Expansion (TMX) has allowed producers to reach Asian markets directly, boosting industry revenue by billions.

Which brings us back to Jonathan’s characterization of bitumen prices “ripping” higher.

Priced in Chinese yuan (because China is the world’s largest consumer), bitumen has jumped nearly 50% since January.

Back to Jonathan:

That’s a massive move.

There’s a squeeze happening in a market most traders don’t follow.

So, how do you play it? Jonathan has built a basket of five names with direct exposure: Suncor (SU), Cenovus (CVE), Canadian Natural Resources (CNQ), Imperial Oil (IMO) and Strathcona (STHRF).

In Tuesday’s free Masters in Trading LIVE episode, he highlighted all five, but then zeroed in on his favorite: CNQ – low implied volatility, clean options structure, and room to run toward $60.

Rather than simply buying the stock outright, Jonathan is using options to structure a defined-risk bullish position in CNQ.

The appeal of this approach is straightforward – a relatively small upfront investment can yield significant upside if Canadian oil producers continue to rally.

In the example Jonathan walked through, roughly $150 of risk could turn into $800 or more if CNQ hits his target price.

Meanwhile, risk is capped at the initial premium Jonathan pays upfront – an approach Jonathan often favors when volatility creates asymmetric opportunities.

This is exactly how Jonathan operates… While the crowd chases the trade that’s playing out in the wake of the headline, Jonathan is positioning himself in the next setup that will become tomorrow’s headline.

If you’d like to understand how he finds opportunities like this ahead of time, his Masters in Trading Challenge walks you through that exact process over seven days, using real setups in real time.

Here’s Jonathan:

You’ll see how we identify catalysts, interpret the signals that matter, and translate those into real trades – all while managing risk in real time.

You’ve got nothing to prove. You’ve just got to be willing to learn.

You can get more details right here.

We’ll keep you updated on all these stories and trades here in the Digest.

Before we wrap up… legendary investor Louis Navellier has a message for you The Fed conversation we’ve been tracking in the Digest – rates stuck, inflation sticky, June 2027 the new baseline – has a flip side that’s caught Louis’ radar…

He believes that we’re still early in a major cycle shift – not because rate cuts are coming tomorrow, but because the broader transition to a new Fed regime is already underway. And historically, such transitions have been the setup for some of the biggest stock market winners in decades.

It happened in 1995, 2001, 2008, and 2020. Louis believes it’s happening again – which is why he’s already looking at the right portfolio positioning.

Louis just created a list of 53 under-the-radar stocks that his Stock Grader system is flagging. They have the same early signals he’s used to find some of the biggest winners of his four-decade career.

I’ll bring you more details on this over the coming days, but just a heads-up: he’s going live next Tuesday, May 13 at 1 p.m. Eastern to walk through all of it. He’ll also share one of his favorite stocks for this market shift during the broadcast.

More details to come, but to reserve your spot here today for this free event, just click here.

Have a good evening,

Jeff Remsburg

(Disclosure: I own AMD.)

Key Takeaways ADM is gaining from Nutrition growth, BioSolutions expansion and stronger digital capabilities.CASY and ROST are seeing sales growth from pricing, merchandising and store expansion efforts.NUE and IMO are benefiting from higher demand, expansion projects and improving profitability. Wall Street has been witnessing an astonishing rally since the beginning of 2023, barring some minor fluctuations. The prolonged rally has been primarily driven by the global artificial intelligence (AI) technology boom. Generative and agentic AI have transformed the entire landscape of the information technology sector worldwide.

A handful of non-AI stocks have also jumped year to date. Investment in these stocks with a favorable Zacks Rank should be fruitful in 2026. Five such non-AI stocks are: Archer-Daniels-Midland Co. (ADM - Free Report) , Casey's General Stores Inc. (CASY - Free Report) , Nucor Corp. (NUE - Free Report) , Ross Stores Inc. (ROST - Free Report) and Imperial Oil Ltd. (IMO - Free Report) . 

Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

Archer-Daniels-Midland Co.Zacks Rank #2 Archer-Daniels-Midland is benefiting from a rebound in its Nutrition segment. Human Nutrition is gaining traction, with the Flavors portfolio benefiting from solid North American demand, international customer wins and improved margins from a favorable mix and disciplined pricing. 

ADM continues to advance its Optimize, Drive and Grow pillars, enhancing productivity, accelerating cost savings, expanding BioSolutions and leveraging digital tools to unlock margin opportunities and strengthen customer reach.

ADM is actively managing productivity and innovation as well as aligning work to the interconnected trends in food security, health and wellbeing. The company is well-positioned for sustainable long-term profit growth across new avenues. 

ADM has been creating additional margin opportunities, opening up channels to customers, advancing digital technologies in areas like farmer needs, the extension of Regen Act programs and partnerships, and the growth of its BioSolutions platform. 

Archer-Daniels-Midland has an expected revenue and earnings growth rate of 6.5% and 32.4%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 5.3% over the last 30 days.

Casey's General Stores Inc.Zacks Rank #2 Casey's General Stores shows strong growth momentum, supported by resilient inside sales, driven by prepared foods, beverages and high-margin grocery categories. Effective pricing, product innovation and a favorable product mix continue to enhance CASY’s margins and customer traffic. 

We anticipate the inside gross margin to expand 60 basis points year over year in fiscal 2026. CASY’s fuel segment is outperforming industry trends, strengthening market share and profitability despite price fluctuations. 

The Fikes/CEFCO acquisition is boosting scale, operational efficiency and long-term growth potential, supported by integration synergies. CASY’s strong cash flow generation and stable financial position provide flexibility for investments, expansion, and shareholder returns, reinforcing confidence in its sustained growth trajectory and overall business strength.

Casey's General Stores has an expected revenue and earnings growth rate of 10.8% and 12.4%, respectively, for the current year (ending April 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 1.5% over the last 30 days. 

Nucor Corp.Zacks Rank #1 Nucor is committed to expanding its production capabilities and growing its business through strategic acquisitions. NUE’s efforts to boost production capacity through several growth projects should drive profitability. Nucor is also seeing strong momentum in non-residential construction. 

NUE remains focused on achieving greater penetration in the automotive market. NUE is committed to maximizing returns to its shareholders by leveraging strong cash flows. Higher steel prices are also expected to support Nucor’s margins. Steel mills' price hikes amid a recovery in demand in key markets and tighter supply have led to an uptick in steel prices.

Nucor has an expected revenue and earnings growth rate of 14% and 92.5%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 1.8% over the last seven days. 

Ross Stores Inc.Zacks Rank #2 Ross Stores has been benefiting from the strong execution of its off-price retail model. ROST continues to benefit from solid demand for value-driven merchandise, delivering 21% sales growth and 17% comps growth in first-quarter fiscal 2026, supported by effective merchandising and marketing initiatives. 

ROST is also progressing well on store-expansion plans, with long-term growth potential across both banners, targeting 2,900 Ross Dress for Less and 700 dd’s DISCOUNTS stores. For fiscal 2026, ROST expects comps growth of 6-7%, with earnings of $7.50-$7.74, up 13-17% year over year. 

Solid financial flexibility, disciplined capital allocation and ongoing share repurchases highlight ROST’s commitment to shareholder returns, underscoring a robust business for continued growth.

Ross Stores has an expected revenue and earnings growth rate of 8.2% and 15.6%, respectively, for the current year (ending January 2027). The Zacks Consensus Estimate for the current year’s earnings has improved 3.9% over the last seven days. 

Imperial Oil Ltd.Zacks Rank #1 Imperial Oil’s integrated business model, spanning oil sands production, refining, petrochemicals and retail operations, provides stable earnings and lowers exposure to oil-price volatility. Backing from parent Exxon Mobil strengthens IMO’s financial flexibility and access to low-cost capital. 

IMO also maintains a growth pipeline, with expansion plans at Kearl and Cold Lake alongside projects like Mahihkan and Grand Rapids SA-SAGD that can increase production while improving recovery rates and lowering costs. Operating cash flow supports dividends and share repurchases, while IMO’s downstream and renewable diesel operations enhance profitability during periods of strong fuel demand.

Imperial Oil has an expected revenue and earnings growth rate of 28.6% and 70.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 4.7% over the last seven days. 

Teledyne Gas and Flame Detection (Teledyne GFD), part of Teledyne Technologies Incorporated NYSE:TDY , is responding to updated International Maritime Organization (IMO) recommendations for entering enclosed spaces aboard ships with gas detection solutions that help operators strengthen atmospheric monitoring and address evolving safety expectations.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260601441845/en/

Teledyne Gas and Flame Detection's Maritime Safety Monitoring

IMO Resolution MSC.581(110) broadens recommended gas testing protocols to include carbon dioxide alongside other key atmospheric hazards. Growing demand for these solutions has contributed to multiple related awards year-to-date, reflecting increased focus across the maritime sector on safety readiness and compliance.

“The IMO’s revised recommendations represent an important advancement for maritime safety,” said Thibault Fourlegnie, Vice President and General Manager, Teledyne GFD. “We provide practical gas detection solutions that help customers improve enclosed-space safety and meet evolving compliance expectations.”

Manufactured at Teledyne GFD’s facility in Renfrew, Scotland, the company’s gas detection solutions draw upon more than 75 years of engineering and manufacturing expertise in industrial safety technologies. Investment at the plant is ongoing in line with growing global demand.

About Teledyne Gas and Flame Detection

Teledyne GFD equips ship operators, partners, and stakeholders with technologies that help protect personnel, strengthen compliance, and promote safer working practices across the industry. With marine-approved gas detection solutions manufactured in Renfrew, Scotland, the company helps customers address evolving enclosed-space safety expectations. For more information, visit Teledyne Gas and Flame Detection.

About Teledyne

Teledyne is a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe. For more information, visit Teledyne's website at teledyne.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601441845/en/

For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Imperial Oil (IMO - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.

Imperial Oil is a member of our Oils-Energy group, which includes 238 different companies and currently sits at #4 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Imperial Oil is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for IMO's full-year earnings has moved 100.2% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Our latest available data shows that IMO has returned about 37.9% since the start of the calendar year. At the same time, Oils-Energy stocks have gained an average of 24.4%. This shows that Imperial Oil is outperforming its peers so far this year.

Another stock in the Oils-Energy sector, Cenovus Energy (CVE - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 63.4%.

For Cenovus Energy, the consensus EPS estimate for the current year has increased 178.2% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Imperial Oil belongs to the Oil and Gas - Integrated - Canadian industry, a group that includes 4 individual stocks and currently sits at #7 in the Zacks Industry Rank. Stocks in this group have gained about 47.5% so far this year, so IMO is slightly underperforming its industry this group in terms of year-to-date returns. Cenovus Energy is also part of the same industry.

Investors with an interest in Oils-Energy stocks should continue to track Imperial Oil and Cenovus Energy. These stocks will be looking to continue their solid performance.

March 23, 2026 Friday's MarketsS&P 500
6,506 (-1.51%)Nasdaq
21,648 (-2.01%)Dow
45,577 (-0.96%)Bitcoin
$69,983 (-0.61%)

Source: Image created by Jester AI.

1. Elliott Investment to Push Synopsis Profitability Elliott Investment Management has built up a multibillion-dollar stake in chip-design software maker Synopsys (SNPS 0.92%), according to The Wall Street Journal. The activist investor intends to push Synopsys – recommended by both Team Hidden Gems and Team Rule Breakers – to grow its software and services profitability, the report says. The stock rose 2.5% in early trading.

"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?

Share with friends and family, or become a member to hear what your fellow Fools are saying!

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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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