Oxford Industries, Inc. (OXM) reported a fourth‑quarter net sales of $374.5 million, a slight decline from $391 million a year earlier, and a GAAP loss per share of $0.48. The company’s adjusted loss per share was $0.09, compared with a GAAP earnings per share of $1.13 and an adjusted EPS of $1.37 in the prior year’s fourth quarter. Revenue beat the consensus estimate of $372.33 million, while the adjusted loss missed the consensus EPS estimate of $0.05 by $0.09.
For the full fiscal year, OXM’s net sales totaled $1.4778 billion, down 3% from $1.52 billion a year earlier. The company posted a GAAP loss per share of $1.86 and an adjusted EPS of $2.11, compared with a GAAP EPS of $5.87 and an adjusted EPS of $6.68 in fiscal 2024. The year‑over‑year decline reflects the impact of a $61 million non‑cash impairment charge on the Johnny Was brand, a $0.19 charge related to the Saks Global bankruptcy, and a $0.24 LIFO reserve charge.
Margin compression was evident, with the adjusted gross margin falling to 58.0% from 60.8% a year earlier. The decline was driven by higher tariff costs, supply‑chain adjustments, and a shift in the sales mix toward promotional events. Segment performance varied: Tommy Bahama sales fell 5% for the year and 4% in the quarter, Lilly Pulitzer grew 4% for the year, and Johnny Was sales declined 13% for the year and 20% in the quarter.
Management highlighted momentum in the Tommy Bahama brand, noting that “Momentum in our largest business, Tommy Bahama, improved as the quarter progressed, with trends strengthening beginning in late January.” The company also emphasized that “He added that fiscal 2026 started well, with mid‑single‑digit positive comparable sales at Tommy Bahama continuing into the first quarter during the important resort and early spring seasons.”
Looking ahead, OXM guided for fiscal 2026 net sales of $1.475 billion to $1.530 billion and adjusted EPS of $2.10 to $2.70. The guidance midpoint of $2.40 is below the analyst consensus of $2.63, but the company’s revenue guidance of $1.475–$1.530 billion aligns with consensus expectations. For the first quarter of fiscal 2026, the company expects revenue of $385–$395 million and adjusted EPS of $1.20–$1.30.
The company’s financial performance is further contextualized by ongoing tariff exposure—approximately $40 million in tariffs under the IEEPA, with a Supreme Court strike on the recoverability of some amounts—and by supply‑chain adjustments that have increased costs. OXM has completed the Lyons distribution center in Georgia, a strategic investment aimed at improving inventory management and operational efficiency. The company has a long history of quarterly dividend payments, and it raised its dividend to $0.70 per share, a 1% increase over the prior payment.
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