Oxford Industries (NYSE:OXM) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Oxford Industries (NYSE:OXM) issued its quarterly earnings data on Thursday. The textile maker reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03, Zacks reports. The firm had revenue of $394.38 million for the quarter, compared to analyst estimates of $394.55 million. Oxford Industries had a negative net margin of 2.65% and a positive return on equity of 4.55%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.26 EPS. Oxford Industries updated its Q3 2026 guidance to -1.400–1.200 EPS and its FY 2026 guidance to 1.600-2.000 EPS.

Here are the key takeaways from Oxford Industries’ conference call:

• Oxford Industries reported adjusted EPS of $1.34 and adjusted gross-margin expansion of 140 basis points to 63.1%, despite higher promotional activity. Strong operating cash flow and $42 million in tariff refunds helped reduce long-term debt by $70 million sequentially to $73 million.
• Tommy Bahama delivered low single-digit positive comparable sales, including a return to positive comps in Florida, while both men’s and women’s categories grew. Management expects Tommy Bahama to post slightly positive comps for the full year.
• Lilly Pulitzer remained the primary weakness, with assortment and marketing issues—particularly an excessive shift away from entry-price products—hurting demand. Management expects increased targeted promotions through the rest of fiscal 2026, while a substantial assortment reset will not arrive until spring 2027.
• The company lowered its full-year outlook, now expecting a low single-digit negative comparable-sales decline, revenue of $1.43 billion to $1.47 billion, and adjusted EPS of $1.60 to $2.00, versus $2.11 in fiscal 2025.
• Johnny Was made progress on its turnaround, significantly increasing EBITDA through better inventory management, fewer promotions, and tighter expense control. Oxford also began a broader margin-improvement review involving distribution, technology, store locations, and operating simplification, with further details expected in December.

Oxford Industries Trading Down 3.0%

NYSE:OXM opened at $36.59 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.17 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $37.40 and its two-hundred day moving average is $39.22. Oxford Industries has a 52 week low of $30.57 and a 52 week high of $51.61. The company has a market cap of $546.29 million, a PE ratio of -13.86 and a beta of 1.06.

Oxford Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.70 per share. The ex-dividend date is Friday, October 16th. This represents a $2.80 annualized dividend and a yield of 7.7%. Oxford Industries’s dividend payout ratio is presently -106.06%.

Key Stories Impacting Oxford Industries

Here are the key news stories impacting Oxford Industries this week:

• Positive Sentiment: Adjusted second-quarter EPS rose to $1.34 from $1.26 a year earlier and exceeded analysts’ estimates of approximately $1.31-$1.32. Tommy Bahama sales increased 0.8%, while adjusted gross margin improved to 63.1%. Oxford Industries Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash flow and debt reduction were favorable: operating cash flow reached $97 million in the first half, and borrowings fell to $73 million from $143 million at the end of the first quarter. A $42 million tariff refund also boosted reported GAAP EPS to $3.25, although the refund is nonrecurring. Oxford Industries Reports Second Quarter Results and Lowers Guidance
• Positive Sentiment: The board declared a quarterly dividend of $0.70 per share, payable October 30 to shareholders of record October 16, supporting the stock’s income appeal.
• Neutral Sentiment: Second-quarter revenue declined 2.2% year over year to $394.4 million, roughly in line with the $394.6 million consensus estimate. Johnny Was sales fell 8.8% and Lilly Pulitzer sales dropped 5.6%, offsetting Tommy Bahama’s modest growth.
• Negative Sentiment: Oxford cut fiscal 2026 adjusted EPS guidance to $1.60-$2.00 from $2.11 last year, below the $2.61 analyst consensus, and reduced sales guidance to $1.43-$1.47 billion. Oxford Industries Cuts Annual Outlook
• Negative Sentiment: Third-quarter adjusted loss guidance of $1.40-$1.20 per share is materially worse than the expected $0.51 loss, with projected revenue of $280-$300 million below the $314.2 million consensus. Management cited consumer pressure and product and marketing issues at Lilly Pulitzer, while increased promotions could pressure margins.

Analyst Upgrades and Downgrades

OXM has been the topic of several recent analyst reports. Wall Street Zen upgraded Oxford Industries from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Industries in a research report on Wednesday, July 8th. UBS Group reiterated a “neutral” rating on shares of Oxford Industries in a research note on Wednesday, August 26th. KeyCorp reissued a “sector weight” rating on shares of Oxford Industries in a research report on Thursday, June 11th. Finally, Zacks Research upgraded shares of Oxford Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Oxford Industries presently has a consensus rating of “Reduce” and a consensus price target of $40.00.

Insider Buying and Selling at Oxford Industries

In other news, CEO Thomas Chubb, III purchased 2,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were acquired at an average cost of $36.90 per share, with a total value of $92,250.00. Following the transaction, the chief executive officer owned 30,200 shares in the company, valued at approximately $1,114,380. The trade was a 9.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.50% of the company’s stock.

Institutional Trading of Oxford Industries

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Oxford Industries by 33.9% in the 1st quarter. AQR Capital Management LLC now owns 6,495 shares of the textile maker’s stock worth $381,000 after buying an additional 1,643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Oxford Industries by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,817 shares of the textile maker’s stock valued at $517,000 after buying an additional 387 shares during the last quarter. Millennium Management LLC raised its stake in Oxford Industries by 311.9% during the first quarter. Millennium Management LLC now owns 293,384 shares of the textile maker’s stock worth $17,213,000 after acquiring an additional 222,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Oxford Industries by 22.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 29,906 shares of the textile maker’s stock worth $1,755,000 after acquiring an additional 5,577 shares during the period. Finally, Norges Bank bought a new position in Oxford Industries in the second quarter worth about $369,000. 91.16% of the stock is owned by institutional investors and hedge funds.

About Oxford Industries

Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.