Resort-style clothing maker Oxford Industries Inc. on Wednesday offered up mixed second-quarter results and third-quarter expectations, and said that while new Lilly Pulitzer offerings were attracting shoppers, its Tommy Bahama line wasn't. ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 fiscal 2025 were $403 million, down from $420 million in Q2 fiscal 2024, aligning with guidance of $395 to $415 million [5] - Adjusted gross margin contracted by 160 basis points to 61.7%, impacted by approximately $9 million in increased cost of goods sold due to tariffs [5] - Adjusted operating profit decreased to $28 million, representing a 7% operating margin compared to $57 million and a 13.5% operating margin in the prior year [5] - Adjusted net earnings per share were $1.26, reflecting the challenges faced during the quarter [5] Business Line Data and Key Metrics Changes - Lilly Pulitzer experienced a low single-digit positive comparable sales, while total sales were down modestly due to lower wholesale channel sales [5] - Tommy Bahama faced a high single-digit negative comparable sales, with performance below expectations, particularly in Florida [4][5] - Johnny Was continued to face challenges with low double-digit negative comparable sales, prompting a comprehensive plan for improvement [4][5] - Emerging Brands Group showed solid revenue growth from new stores and positive comparable store sales [4] Market Data and Key Metrics Changes - Sales in full-price brick-and-mortar locations decreased by 6%, with a negative comparable sales of 7% [5] - E-commerce sales declined by 2%, while outlet locations saw a 4% decrease [5] - Food and beverage locations performed better, showing modest sales growth year over year [5] Company Strategy and Development Direction - The company is focused on mitigating tariff exposure through supply chain shifts and early product deliveries [4][5] - Long-term investments are ongoing, including the Lions, Georgia distribution center, expected to be operational by late fiscal 2025 or early fiscal 2026 [5] - The company aims to enhance brand storytelling and marketing strategies, particularly for Johnny Was, to re-establish momentum [4] Management's Comments on Operating Environment and Future Outlook - The macroeconomic environment remains pressured, with higher tariffs and cautious consumer behavior impacting performance [3] - Management expressed confidence in the ability to navigate challenges and maintain brand strength, with a focus on execution and customer engagement [3][4] - The outlook for the remainder of fiscal 2025 includes expectations for flat to modestly positive comparable sales [6] Other Important Information - The company expects net sales for fiscal 2025 to be between $1.475 billion and $1.515 billion, reflecting a decline of 3% to slightly negative compared to fiscal 2024 [6] - Gross margin is expected to contract by approximately 200 basis points due to tariffs and promotional activities [6] Q&A Session Summary Question: What is driving the positive comparable store sales performance? - Management noted that all brands contributed to positive comps, with Lilly Pulitzer showing strength and Tommy Bahama improving from previous quarters, primarily driven by increased traffic [9] Question: How are promotions being planned for the back half of the year? - Promotions will follow historical patterns, with adjustments made as necessary to maintain price integrity while moving inventory [10][11] Question: How are pricing strategies evolving in response to tariffs? - The company is implementing selective price increases on an item-by-item basis, aiming to cover gross margin dollars without overextending [20] Question: What is the competitive environment like regarding tariffs? - Management believes they are gaining market share, particularly in wholesale channels, despite overall market caution [28] Question: What are the expectations for capital expenditures in the coming years? - After the completion of the Lions project, ongoing capital expenditures are expected to be around $75 million annually [64]

Oxford Industries (NYSE:OXM) Q2 2026 Earnings Call September 10, 2025 04:30 PM ET Company ParticipantsTom Chubb - Chairman and CEOScott Grassmyer - CFO and COOBrian Smith - Head of Corporate Controls and Financial ReportingConference Call ParticipantsAshley Owens - AnalystJanine Stichter - AnalystTracy Kogan - AnalystJoseph Civello - AnalystDana Telsey - AnalystMauricio Serna - AnalystOperatorWelcome to Oxford Industries, Inc.'s Second Quarter Fiscal 2025 Earnings Conference Call. At this time, all particip ...

Financial Data and Key Metrics Changes - In Q2 fiscal 2025, consolidated net sales were $403 million, down from $420 million in Q2 fiscal 2024, aligning with guidance of $395 to $415 million [15] - Adjusted gross margin contracted by 160 basis points to 61.7%, impacted by approximately $9 million in increased cost of goods sold due to tariffs [17] - Adjusted SG&A expenses increased by 5% to $224 million compared to $213 million last year, primarily due to higher employment and occupancy costs [18] - Adjusted operating profit was $28 million, reflecting a 7% operating margin, down from $57 million and 13.5% in the prior year [18] - Adjusted net earnings per share were $1.26, compared to $6.68 in the previous year [19][28] Performance by Business Line - Lilly Pulitzer posted a low single-digit positive comp, while total sales were down modestly due to lower wholesale sales [16] - Tommy Bahama experienced a high single-digit negative comp, with performance below expectations, particularly in Florida [16][8] - Johnny Was faced low double-digit negative comp, with ongoing challenges in performance [16][10] - Emerging Brands Group showed solid revenue growth, contributing positively to overall sales [11] Market Data and Key Metrics Changes - Sales in full-price brick-and-mortar locations decreased by 6%, with a negative comp of 7% [15] - E-commerce sales declined by 2%, while outlet sales decreased by 4% [15] - Food and beverage locations performed better, showing modest sales growth year over year [15] Company Strategy and Industry Competition - The company is focused on mitigating tariff exposure through supply chain shifts and early product deliveries [12] - Plans to open three new Marlin Bar locations and approximately 15 full-price stores by year-end [12] - The company aims to maintain brand authenticity and customer happiness to navigate the challenging retail environment [14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the pressured macroeconomic environment but expressed confidence in the company's ability to adapt [4] - Early signs in Q3 show modestly positive comp sales, indicating that adjustments made are beginning to yield results [13] - The company expects flat to modestly positive comp sales for the remainder of the year, with net sales projected between $1.475 billion and $1.515 billion [23] Other Important Information - Inventory increased by $27 million or 19% on a LIFO basis, primarily due to tariff impacts [20] - Long-term debt decreased to $81 million from $118 million last quarter [21] - Capital expenditures for the year are expected to be approximately $121 million, primarily for the distribution center and new store openings [30] Q&A Session Summary Question: What is driving the strength in comparable store sales performance? - Management noted that all brands contributed positively, with Lilly Pulitzer showing continued strength and Tommy Bahama improving from previous quarters [34] Question: How are promotions being planned for the back half of the year? - Promotions will follow historical patterns, with a focus on maintaining price and brand integrity while moving inventory [36][39] Question: How is pricing evolving in response to tariffs? - The company is implementing selective price increases on an item-by-item basis, with a focus on covering gross margin dollars [48][50] Question: What is the competitive environment like regarding tariffs? - The company is gaining market share in wholesale channels, with positive feedback from wholesale accounts regarding pricing strategies [60] Question: What are the expectations for capital expenditures in fiscal 2026 and beyond? - The ongoing capital expenditure rate is expected to be around $75 million after the completion of the Lions project [96]

Core Insights - Oxford Industries, Inc. reported second-quarter earnings of $1.26 per share, surpassing analyst expectations of $1.18 [1] - Quarterly revenue was $403.14 million, falling short of the consensus estimate of $410.85 million [1] Financial Performance - The company achieved an adjusted EPS above its guidance range, driven by better-than-expected gross margins [2] - Full-price direct-to-consumer sales decreased by 4% to $292 million compared to the second quarter of fiscal 2024 [4] - Full-price retail sales were down 6% year-over-year at $143 million [4] - E-commerce sales declined by 2% to $150 million compared to the prior year [4] - Wholesale sales decreased by 6% to $61 million in the second quarter of fiscal 2024 [4] - Outlet sales were down 4% to $20 million compared to the prior year [4] - Food and beverage sales remained stable at $29 million, comparable to the prior year [4] Market Reaction - Following the earnings release, Oxford Industries' stock rose by 12.74%, reaching $45.55 in extended trading [3]

Financial Performance - Consolidated net sales for Q2 fiscal 2025 were $403 million, a decrease of 4.0% from $420 million in Q2 fiscal 2024[2][5] - GAAP EPS for Q2 fiscal 2025 was $1.12, down from $2.57 in Q2 fiscal 2024; adjusted EPS was $1.26 compared to $2.77 in the prior year[2][5] - Gross margin on a GAAP basis was 61.4%, down from 63.1% in Q2 fiscal 2024, primarily due to $9 million in increased costs from tariffs[5] - Operating income for Q2 Fiscal 2025 was $25,411, a decline of 51.6% compared to $52,510 in Q2 Fiscal 2024[29] - Net earnings for the first half of Fiscal 2025 were $42,873, representing a 45.5% decrease from $79,015 in the first half of Fiscal 2024[31] - Net earnings decreased by 58.9% to $16.7 million in Q2 2025, and by 45.7% to $42.9 million in the first half[34] - Net earnings per diluted share dropped by 56.5% to $1.12 in Q2 2025, and by 43.4% to $2.83 in the first half[34] Sales and Revenue Projections - The company expects net sales for fiscal 2025 to be between $1.475 billion and $1.515 billion, compared to $1.52 billion in fiscal 2024[11] - For Q3 fiscal 2025, net sales are projected to be between $295 million and $310 million, compared to $308 million in Q3 fiscal 2024[13] - Consolidated net sales decreased by 4.0% to $403.1 million in Q2 2025, and by 2.7% to $796.0 million in the first half compared to the previous year[34] Expenses and Costs - The company anticipates a net tariff impact of approximately $25 million to $35 million for fiscal 2025, translating to about $1.25 to $1.75 per share[12] - SG&A expenses increased by 4.0% to $225.6 million in Q2 2025, representing 56.0% of net sales[34] - Interest expense for fiscal 2025 is expected to be around $7 million, with an effective tax rate projected at approximately 26% to 27%[14] Dividends and Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.69 per share, payable on October 31, 2025[10] - Dividends declared per share increased to $0.69 in Q2 Fiscal 2025, compared to $0.67 in Q2 Fiscal 2024[29] Store Performance and Expansion - The total number of Tommy Bahama full-price retail stores increased from 102 at the end of Q1 Fiscal 2024 to 103 at the end of Q2 Fiscal 2025[37] - The company plans to maintain 165 Tommy Bahama total locations by the end of Fiscal 2025, with a slight increase in outlet stores from 36 to 38[37] - Lilly Pulitzer full-price retail stores increased from 60 at the end of Q1 Fiscal 2024 to 66 at the end of Q2 Fiscal 2025[37] - Johnny Was full-price retail stores decreased from 77 at the end of Q1 Fiscal 2025 to 75 at the end of Q2 Fiscal 2025[37] - Southern Tide full-price retail stores increased from 20 at the end of Q1 Fiscal 2024 to 36 at the end of Q2 Fiscal 2025[37] Brand Performance - Tommy Bahama's net sales decreased by 6.6% to $229.0 million in Q2 2025 compared to $245.1 million in Q2 2024[33] - Lilly Pulitzer's net sales showed a slight decline of 1.5% to $90.3 million in Q2 2025, while first half sales increased by 5.1% to $189.3 million[33] - Johnny Was experienced a significant drop in net sales by 9.7% to $45.4 million in Q2 2025, with a 12.4% decline in first half sales to $88.9 million[33] - Emerging Brands reported a 17.0% increase in net sales to $38.5 million in Q2 2025, and a 10.4% increase to $72.8 million in the first half[33] Operational Challenges - The company faced challenges including financial difficulties for business partners and cybersecurity risks, which may impact operations[23] - The company is undergoing a transition of Johnny Was distribution center operations, which includes costs related to employee bonuses and severance agreements[36]

Oxford Industries, Inc. OXM will release earnings results for the second quarter, after the closing bell on Wednesday, Sept. 10.Analysts expect the company to report quarterly earnings at $1.18 per share, down from $2.77 per share in the year-ago period. Oxford Industries is projected to report quarterly revenue of $406.12 million, compared to $419.89 million a year earlier, according to data from Benzinga Pro.On June 11, Oxford Industries reported in-line earnings for the first quarter and issued second-qu ...

Oxford Industries, Inc. OXM will release earnings results for the second quarter, after the closing bell on Wednesday, Sept. 10.Analysts expect the company to report quarterly earnings at $1.18 per share, down from $2.77 per share in the year-ago period. Oxford Industries is projected to report quarterly revenue of $406.12 million, compared to $419.89 million a year earlier, according to data from Benzinga Pro.On June 11, Oxford Industries reported in-line earnings for the first quarter and issued second-qu ...

Group 1 - Chewy Inc. is expected to report quarterly earnings of 14 cents per share on revenue of $3.08 billion, with shares gaining 3.8% to $43.70 in after-hours trading [2] - Rubrik Inc. reported second-quarter results that exceeded expectations and raised its full-year fiscal 2026 revenue outlook to a range of $1.227 billion to $1.237 billion, up from a previous range of $1.179 billion to $1.189 billion, while shares fell 3.6% to $94.91 [2] - Daktronics Inc. is anticipated to post quarterly earnings of 25 cents per share on revenue of $213.41 million, with shares gaining 0.6% to $17.53 in after-hours trading [2] - Synopsys Inc. reported weaker-than-expected third-quarter results and lowered its fiscal 2025 adjusted EPS guidance from a range of $15.11 to $15.19 to a new range of $12.76 to $12.80, leading to a 19.3% dip in shares to $487.99 [2] - Oxford Industries Inc. is expected to report quarterly earnings of $1.18 per share on revenue of $410.85 million, with shares rising 0.3% to $40.88 in after-hours trading [2]

Core Insights - Investors are increasingly focusing on dividend stocks as a stable income source due to market volatility and economic uncertainties [1] - Oxford Industries, Inc. is set to release its second-quarter earnings results on September 10, with expectations of a decline in earnings per share and revenue compared to the previous year [2] Company Performance - Analysts predict Oxford Industries will report earnings of $1.18 per share, down from $2.77 per share in the same quarter last year [2] - Projected quarterly revenue for Oxford Industries is $406.12 million, a decrease from $419.89 million a year earlier [2] - Telsey Advisory Group maintains a Market Perform rating for Oxford Industries with a price target of $52 [2] Dividend Insights - Oxford Industries currently offers an annual dividend yield of 6.80%, translating to a quarterly dividend of 69 cents per share, or $2.76 annually [3] - To achieve a monthly income of $500 from dividends, an investment of approximately $88,286 or around 2,174 shares is required [3] - For a more modest monthly income of $100, an investment of $17,665 or around 435 shares is necessary [3] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on stock price changes [4][5] - Changes in dividend payments also affect the yield; an increase in dividends raises the yield if the stock price remains constant [6] Stock Performance - Shares of Oxford Industries fell by 3.6%, closing at $40.61 on Monday [6]