Financial Performance - Consolidated net sales for the first quarter of fiscal 2025 were $393 million, a decrease from $398 million in the first quarter of fiscal 2024, representing a decline of 1.3% [1][4][38] - GAAP EPS for the first quarter was $1.70, down from $2.42 in the same period last year, while adjusted EPS was $1.82 compared to $2.66 in the prior year [1][4][38] - Gross margin on a GAAP basis was 64.2%, slightly lower than 64.9% in the first quarter of fiscal 2024 [4][38] Sales Breakdown - Tommy Bahama's net sales decreased by 4.2% to $216.2 million from $225.6 million [2][36] - Lilly Pulitzer experienced a 12.0% increase in net sales, reaching $99.0 million compared to $88.4 million [2][36] - Johnny Was saw a significant decline in net sales, dropping 15.1% to $43.5 million from $51.2 million [2][36] Cost and Expenses - SG&A expenses increased to $223 million from $213 million, with a notable portion attributed to higher employment and occupancy costs due to the opening of 31 new retail locations [4][5][38] - The company incurred $1 million in additional charges in cost of goods sold due to U.S. tariffs on imported goods [4][38] Balance Sheet and Liquidity - Inventory increased by $18 million, or 12%, on a LIFO basis compared to the end of the first quarter of fiscal 2024 [6][38] - Cash used in operations was $4 million, a significant decrease from cash provided by operations of $33 million in the first quarter of fiscal 2024 [7][38] - Borrowings outstanding rose to $118 million at the end of the first quarter, compared to $19 million at the same time last year [8][38] Dividend and Guidance - The Board of Directors declared a quarterly cash dividend of $0.69 per share, payable on August 1, 2025 [9] - For fiscal 2025, the company revised its sales guidance to a range of $1.475 billion to $1.515 billion, with GAAP EPS expected between $2.28 and $2.68 [10][38] Operational Insights - The company is focusing on diversifying and shifting its supply chain to mitigate future tariff impacts [2][38] - The effective income tax rate for the first quarter of fiscal 2025 was 24.1%, down from 25.6% in the prior year [11][38]

Group 1 - Oxford Industries, Inc. is set to release its first-quarter earnings results on June 11, with analysts expecting earnings of $1.82 per share, a decrease from $2.66 per share in the same period last year [1] - The company is projected to report quarterly revenue of $384.77 million, down from $398.18 million a year earlier [1] - In the fourth quarter, Oxford Industries posted weaker-than-expected earnings, leading to a 0.5% decline in share price, closing at $54.74 [2] Group 2 - Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating with a price target of $52 for Oxford Industries [6] - Citigroup analyst Paul Lejuez has maintained a Sell rating and reduced the price target from $52 to $47 [6]

Oxford Industries (OXM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended April 2025. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 11. ...

ATLANTA, May 28, 2025 (GLOBE NEWSWIRE) -- Oxford Industries, Inc. (NYSE: OXM) today announced that it plans to release its first quarter fiscal 2025 financial results after the market close on Wednesday, June 11, 2025. 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 discus ...

Core Insights - The article discusses the use of cookies to enhance user experience and analyze website traffic [1] Group 1 - The company utilizes cookies to improve user experience [1] - Data collected from site usage may be shared with analytics partners [1] - Consent is required from users to store cookies on their devices [1]

Financial Performance - Consolidated net sales for Fiscal 2024 were $1,516,601, a decrease of 3.5% from $1,571,475 in Fiscal 2023[46] - Tommy Bahama accounted for 57% of total net sales, generating $869,604 in Fiscal 2024, down from $898,807 in Fiscal 2023[47] - Lilly Pulitzer's net sales were $323,917 in Fiscal 2024, a decline of 5.7% from $343,499 in Fiscal 2023[46] - Johnny Was reported an operating loss of $8,763 in Fiscal 2024, following a $111 million impairment charge in Fiscal 2023[46] Sales Channels - Direct to consumer operations represented 84% of Tommy Bahama's net sales in Fiscal 2024, with e-commerce contributing $222 million, or 26% of Tommy Bahama's net sales[48][49] - Lilly Pulitzer's direct to consumer operations accounted for 83% of net sales in Fiscal 2024, with e-commerce generating $157 million, or 48% of total net sales[65] - Johnny Was's direct to consumer operations represented 81% of net sales in Fiscal 2024, with the website generating $84 million, or 43% of total net sales[76] Retail Performance - Tommy Bahama's full-price retail stores generated sales per gross square foot of approximately $770 in Fiscal 2024, down from $815 in Fiscal 2023[51] - Full-price retail store sales per gross square foot for Lilly Pulitzer increased to approximately $748 in Fiscal 2024 from $737 in Fiscal 2023[69] - Johnny Was full-price retail store sales per gross square foot decreased to approximately $614 in Fiscal 2024 from $664 in Fiscal 2023[77] Store Expansion - Tommy Bahama plans to open four Marlin Bar locations in Fiscal 2025, including conversions of existing full-price retail stores[58] - Lilly Pulitzer opened a net total of four new stores in Fiscal 2024, bringing the total to 64 stores, with plans to open at least four new stores in Fiscal 2025[72] - Southern Tide opened 11 new stores during Fiscal 2024, increasing the total to 30 stores, with plans for at least five additional openings in Fiscal 2025[90] Wholesale Operations - Wholesale sales for Tommy Bahama accounted for 16% of net sales in Fiscal 2024, with 12% of sales coming from the top 10 wholesale customers[62] - Johnny Was's wholesale operations accounted for 19% of net sales in Fiscal 2024, with 40% of wholesale sales to department stores[84] - Lilly Pulitzer's net sales to its 10 largest wholesale customers represented 10% of total net sales in Fiscal 2024, with the largest customer accounting for less than 5%[73] Marketing and Advertising - In Fiscal 2024, the company incurred $111 million in advertising expenses, representing 7% of net sales[95] - Marketing initiatives have increased online and in-store traffic, with promotional events putting downward pressure on direct-to-consumer gross margins[97] - The company continues to enhance its digital marketing strategies to engage consumers and drive traffic to its e-commerce platforms[96] Supply Chain and Sourcing - The company paid total duties of $60 million on imported products in Fiscal 2024, with an average duty rate of approximately 19%[110] - During Fiscal 2024, 39% of apparel and related products were sourced from China, and 24% from Vietnam[105] - The company sources products from approximately 260 suppliers, with no individual supplier providing more than 10% of total purchases in Fiscal 2024[104] Financial Management and Risks - As of February 1, 2025, the company had $31 million of borrowings outstanding under its U.S. Revolving Credit Agreement, with a weighted average interest rate of 6%[378] - A 100 basis point increase in interest rates would increase interest expense by less than $1 million based on the current variable-rate debt[378] - The company has 97% of its consolidated net sales in the United States, indicating limited exposure to foreign currency exchange rate changes[380] - The company does not anticipate that foreign currency changes will materially impact consolidated net sales, operating income, or net earnings in the near term[380] - Inflation risks are managed through negotiating product prices in advance, selective price increases, and cost containment initiatives[381] - The company expects to increase debt levels during Fiscal 2025 to fund planned capital expenditures, share repurchases, dividends, and working capital needs[378] - The company is exposed to market risks from changes in interest rates, commodity prices, and foreign currency exchange rates[375]

Group 1 - The investment strategy focuses on long-only investment, evaluating companies from an operational and buy-and-hold perspective, rather than market-driven dynamics [1] - The articles emphasize understanding the long-term earnings power of companies and the competitive dynamics within their industries [1] - The majority of recommendations will be holds, indicating a cautious approach to market conditions and a belief that only a small fraction of companies are suitable for buying at any given time [1] Group 2 - The articles aim to provide important information for future investors and introduce a healthy skepticism towards a generally bullish market [1] - There is a clear distinction made between the author's opinions and professional investment advice, highlighting the need for readers to conduct their own due diligence [2][3]

Group 1: Oxford Industries Inc (OXM) - OXM stock is down 4.1% at $60, having previously hit a four-year low of $53.23, despite beating fourth-quarter earnings [1] - The company forecasts a lower-than-expected full-year profit due to declining consumer demand [1] - OXM has seen a significant decline of 25.2% in 2025 and nearly 50% over the last 12 months [2] Group 2: Lululemon Athletica Inc (LULU) - LULU stock is down 14.2% at $289.73, impacted by a disappointing forecast citing tariff concerns, inflation, and weak demand [3] - Following the grim outlook, 15 analysts have reduced their price targets, with BMO cutting it from $313 to $302 [4] - Despite the downturn, 17 out of 30 firms still rate LULU as a "buy" or better, with an average 12-month price target of $398.85, representing a 38.2% premium to current levels [4]

Oxford Industries (OXM) Q4 2025 Earnings Call March 28, 2025 01:41 AM ET Company Participants Brian Smith - Director of Financial Reporting & Investor RelationsThomas Chubb - Chairman, CEO & PresidentScott Grassmyer - EVP, CFO & COOEthan Saghi - Equity Research AssociateMauricio Serna - Executive Director Conference Call Participants Ashley Owens - Vice President & Senior Equity Research AnalystTracy Kogan - Analyst Operator and welcome to the Oxford Industries Fourth Quarter Fiscal twenty twenty four Earni ...

Financial Data and Key Metrics Changes - The company reported consolidated net sales for fiscal 2024 decreased by 3% to $1.52 billion, with a notable impact from a 53rd week in 2023 contributing approximately $16 million in sales [26] - Adjusted EPS for the fourth quarter was $6.68, at the top end of guidance [33] - Adjusted gross margin contracted by 80 basis points to 63.2%, primarily due to a higher proportion of sales occurring during promotional events [28] Business Line Data and Key Metrics Changes - Sales in full-price brick-and-mortar locations decreased by 2%, driven by mid-single-digit negative comps, partially offset by new store openings [26] - E-commerce sales decreased by 4%, while food and beverage and outlet locations saw sales increases of 1% and 3%, respectively [27] - The wholesale channel experienced a significant decline, decreasing by $31 million or 10% due to challenges in the specialty store business [27] Market Data and Key Metrics Changes - Comp sales for December increased by 2%, but January saw a decline of 3%, with February experiencing a further drop of 9% [7][9] - The company anticipates a continued cautious consumer sentiment impacting spending in the near term [11] Company Strategy and Development Direction - The company focuses on maximizing long-term shareholder value, owning a portfolio of lifestyle brands, evoking happiness in consumers, and generating cash for reinvestment [12][13][15][16] - Plans for fiscal 2025 include opening approximately 20 new stores and enhancing the omnichannel platform [22][39] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the uncertainty in the marketplace and expects consumer hesitance to continue, particularly in the first half of fiscal 2025 [11] - The company remains optimistic about long-term opportunities despite short-term challenges, emphasizing the importance of brand integrity and customer focus [14][16] Other Important Information - The company plans to invest approximately $125 million in capital expenditures for fiscal 2025, primarily for the completion of a new distribution center and new store openings [44] - A 3% increase in the quarterly dividend was approved, raising it from $0.67 to $0.69 [23] Q&A Session Summary Question: Can you unpack the different headwinds mentioned for the first quarter? - Management noted that Lilly is currently the strongest performer, while Tommy Bahama and Johnny Was are expected to have negative comps [52][53] Question: Are you observing any changes in wholesale order books? - Management indicated that there is caution among wholesale partners, but performance on retail floors remains strong [56][94] Question: What initiatives are being taken to improve conversion rates? - The company is focusing on better product knowledge among associates, improving website functionality, and enhancing marketing efficiency [73] Question: What is the outlook for March sales? - Management expressed that March feels better than February, with expectations for a positive comp in April due to the Easter shift [81] Question: How is the company managing SG&A growth? - Management is actively looking at marketing efficiency, vendor negotiations, and has made some personnel reductions to control SG&A [87]