Oxford Industries Q1 revenue slightly misses as Lilly Pulitzer underperforms

Oxford Industries

10/06/2026 21:20

Overview
U.S. apparel firm's fiscal Q1 revenue slipped slightly, missing analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations, aided by stronger gross margins
Company cited softness at Lilly Pulitzer and macroeconomic pressures as headwinds

Outlook
Company expects fiscal 2026 net sales of $1.475 bln to $1.505 bln
Oxford Industries sees fiscal 2026 adjusted EPS between $2.30 and $2.70
Company expects macroeconomic pressures to continue weighing on consumer sentiment

Result Drivers
TOMMY BAHAMA GROWTH - Mid-single-digit positive comparable sales at Tommy Bahama supported overall sales, per CEO Tom Chubb
LILLY PULITZER WEAKNESS - Softer than expected results at Lilly Pulitzer weighed on overall performance, per CEO Tom Chubb
HIGHER TARIFF COSTS - Incremental tariff costs of $11 mln reduced gross margin and earnings

Company press release: ID:nGNX6H60FD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$391 mln
$391.75 mln (6 Analysts)
Q1 Adjusted EPS
Beat
$1.39
$1.29 (6 Analysts)
Q1 EPS
 
$1
 
Q1 Gross Margin
 
62.3%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Oxford Industries Inc is $42.50, about 1.5% below its June 9 closing price of $43.16
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)