Core Insights - Oxford Industries shares surged over 24% following the release of better-than-expected second-quarter earnings despite the impact of tariffs on sales [1] - The company reported adjusted earnings of $1.26 per share, exceeding the expected $1.18, while revenue decreased by 4% year-over-year to $403.1 million, slightly below the consensus of $406.14 million but within guidance [1][2] Financial Performance - Gross margin was recorded at 61.7%, a decline from 63.3% the previous year, but still better than anticipated, with tariffs contributing approximately $9 million in additional costs [2] - Sales by brand showed a decline: Tommy Bahama down 6.6% to $229 million, Lilly Pulitzer down 1.5% to $90.3 million, and Johnny Was down 9.7% to $45.4 million, while the Emerging Brands segment grew by 17% to $38.5 million [2] Future Outlook - The company reaffirmed its full-year guidance, projecting revenue between $1.475 billion and $1.515 billion, and adjusted EPS ranging from $2.80 to $3.20 [3] - Management indicated that they have mitigated about half of their $80 million tariff exposure through accelerated receipts and changes in sourcing [3]

Core Viewpoint - Oxford Industries exceeded earnings estimates and provided a positive outlook for current-quarter sales by implementing strategies to mitigate tariff impacts [1][5]. Financial Performance - The company reported second-quarter adjusted earnings per share of $1.26, surpassing analysts' expectations of $1.18 [2]. - Sales decreased by 4% year-over-year to $403.1 million, falling short of estimates [2]. Strategic Actions - CEO Tom Chubb highlighted that the strong profit was due to diversifying sourcing, pulling inventory receipts forward, and careful pricing adjustments to offset tariff impacts [3]. - The company's Emerging Brands segment saw a sales increase of 17% to $38.5 million, while sales declined for its major brands: Tommy Bahama (-6.6%), Lilly Pulitzer (-1.5%), and Johnny Was (-9.7%) [3]. Market Outlook - Chubb expressed encouragement regarding positive comparable store sales performance in the third quarter, describing it as "modestly positive in the low single-digit range" [4]. - The company indicated that without proactive measures, it would face $80 million in tariff costs this year, yet it maintained its sales and adjusted EPS guidance [4]. Stock Performance - Following the earnings report, shares of Oxford Industries surged over 20%, although the stock has lost more than a third of its value year-to-date [1][4].

Core Insights - Oxford Industries (NYSE: OXM) shares experienced a significant increase in premarket trading following the company's quarterly profit exceeding estimates [2] - The company set a full-year sales target ranging from $1.475 billion to $1.515 billion [2] - CFO K. Grassmyer indicated that sales at Tommy Bahama and Johnny Was are expected to decline, but this will be offset by other factors [2]

Core Insights - Oxford Industries reported revenue of $403.14 million for the quarter ended July 2025, reflecting a year-over-year decline of 4% [1] - The EPS for the same period was $1.26, down from $2.77 a year ago, with a surprise of +4.13% compared to the consensus estimate of $1.21 [1] - The revenue fell short of the Zacks Consensus Estimate of $407.65 million, resulting in a surprise of -1.11% [1] Financial Performance Metrics - Net Sales for Emerging Brands reached $38.5 million, exceeding the two-analyst average estimate of $33.95 million, representing a year-over-year increase of +17% [4] - Net Sales for Lilly Pulitzer were reported at $90.3 million, below the average estimate of $98.15 million, indicating a year-over-year decline of -1.5% [4] - Net Sales for Tommy Bahama stood at $229 million, slightly below the estimated $229.15 million, reflecting a year-over-year decrease of -6.6% [4] - Net Sales for Johnny Was were $45.4 million, compared to the average estimate of $46.55 million, showing a year-over-year decline of -9.7% [4] Stock Performance - Shares of Oxford Industries have returned -5.8% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Group 1 - Analysts project that Oxford Industries (OXM) will announce quarterly earnings of $1.21 per share, a decline of 56.3% year over year [1] - Revenues are expected to reach $407.65 million, declining 2.9% from the same quarter last year [1] - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating a reassessment by covering analysts [1] Group 2 - The combined assessment suggests 'Net Sales- Emerging Brands' will likely reach $33.95 million, indicating a change of +3.2% year over year [4] - 'Net Sales- Lilly Pulitzer' is estimated to reach $98.15 million, reflecting a change of +7% year over year [4] - 'Net Sales- Tommy Bahama' is projected at $229.15 million, indicating a change of -6.5% from the prior-year quarter [4] Group 3 - 'Net Sales- Johnny Was' is predicted to reach $46.55 million, suggesting a change of -7.5% year over year [5] - Shares of Oxford Industries have demonstrated returns of +10% over the past month, outperforming the Zacks S&P 500 composite's +2.8% change [5] - With a Zacks Rank 3 (Hold), OXM is expected to mirror the overall market performance in the near future [5]

Company Overview - Oxford Industries is a traditional American apparel company known for its brands that embody sun, leisure, and the perception of effortless wealth, including Tommy Bahama, Lilly Pulitzer, and Johnny Was [1] Business Strategy - The company has historically focused on high-margin branding and maintaining tight control over its operations to maximize profitability [1]

Core Insights - Oxford Industries reported revenue of $392.86 million for the quarter ended April 2025, reflecting a year-over-year decline of 1.3% and an EPS of $1.82, down from $2.66 a year ago, with a revenue surprise of +1.98% over the Zacks Consensus Estimate of $385.23 million [1] Financial Performance - The company’s net sales for Emerging Brands were $34.20 million, exceeding the average estimate of $33.70 million, representing a year-over-year increase of +3.6% [4] - Net Sales for Lilly Pulitzer reached $99 million, surpassing the two-analyst average estimate of $91.10 million, with a year-over-year change of +12% [4] - Tommy Bahama's net sales were reported at $216.20 million, slightly above the average estimate of $214.30 million, but showed a year-over-year decline of -4.2% [4] - Johnny Was reported net sales of $43.50 million, below the estimated $46.10 million, indicating a year-over-year decrease of -15% [4] Stock Performance - Over the past month, shares of Oxford Industries have returned -6.4%, contrasting with the Zacks S&P 500 composite's +6.9% change, and the stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

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]

Company Announcement - Oxford Industries, Inc. plans to release its first quarter fiscal 2025 financial results after the market close on June 11, 2025 [1] - A conference call will be held at 4:30 p.m. ET on the same day, hosted by the CEO and CFO to discuss the financial results [1] Webcast Information - A live webcast of the conference call will be available on the company's website [2] - A replay of the webcast will be accessible through June 25, 2025, both on the website and via phone [2] Company Overview - Oxford is a leader in the apparel industry, owning brands such as Tommy Bahama, Lilly Pulitzer, and Johnny Was [3] - The company's stock has been traded on the New York Stock Exchange since 1964 under the symbol OXM [3]