Oxford Industries narrows full-year sales guidance, raises EPS outlook
Oxford Industries narrowed its fiscal 2026 full-year sales guidance by lowering the top end of the range to $1.475 billion to $1.505 billion from prior guidance, while raising the low end of adjusted EPS guidance to a range of $2.30 to $2.70. The company cited macroeconomic pressures, weak consumer sentiment, and softer-than-expected results at Lilly Pulitzer, offset by better-than-expected gross margins and lower tariff rates expected to continue for the remainder of the year.
Key facts
- Full-year fiscal 2026 net sales guidance: $1.475 billion to $1.505 billion (lowered top end)
- Full-year fiscal 2026 adjusted EPS guidance: $2.30 to $2.70 (raised low end)
- First quarter fiscal 2026 net sales: $391 million vs. $393 million prior year
- First quarter fiscal 2026 adjusted EPS: $1.39 vs. $1.82 prior year
- Tommy Bahama comparable store sales: mid-single-digit positive
- Lilly Pulitzer net sales declined 8.8% to $90.4 million
- Incremental tariff costs in Q1: $11 million, or $0.55 per share
- Borrowings outstanding at end of Q1: $143 million vs. $118 million prior year
- Capital expenditures guidance for fiscal 2026: approximately $60 million
- Quarterly dividend declared: $0.70 per share, payable July 31, 2026
Why it matters
Oxford faces continued consumer weakness and tariff headwinds that forced a sales guidance reduction, but expects disciplined cost management and stable tariff rates to support profitability—signaling the company believes margin defense is achievable despite the sales shortfall, though execution at Lilly Pulitzer will be critical.
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Derived from 8-K filed 2026-06-10. Not investment advice. View the source filing on SEC.gov →