Oxford Q1 Sales Flat at $391M, Adjusted EPS $1.39 After $11M Tariffs
OXM•Oxford Industries posted Q1 fiscal 2026 net sales of $391.4 million and GAAP EPS of $1.00, with adjusted EPS of $1.39 reflecting $0.55 per share of tariffs. Oxford narrowed full-year sales guidance and raised its EPS outlook low end, citing lower tariffs and disciplined expenses.
1. Q1 Fiscal 2026 Results
Oxford Industries delivered net sales of $391.4 million in the first quarter of fiscal 2026, down 0.4% year-over-year. GAAP EPS was $1.00 and adjusted EPS was $1.39, each including $11 million of incremental tariff costs or $0.55 per share.
2. Brand Performance Review
Tommy Bahama net sales increased 3.9% to $224.6 million while Lilly Pulitzer declined 8.8% to $90.4 million and Johnny Was fell 12.9% to $37.9 million. Emerging Brands grew 12.8% to $38.6 million, offsetting softness in wholesale and e-commerce channels.
3. Margin and Cost Analysis
Gross margin decreased to 62.3% from 64.2%, driven by higher tariffs and a $4 million LIFO charge. Adjusted gross margin was 63.4%. SG&A rose due to new store openings, distribution center transition costs and technology investments.
4. Guidance and Outlook
Oxford narrowed its full-year sales guidance range by lowering the top end and raised the low end of its EPS outlook, citing continued lower tariff rates, disciplined expense and inventory management to support profitability.
