Oxford Industries Q2 revenue slightly misses estimates on Lilly Pulitzer weakness, cuts FY26 net sales outlook

Oxford Industries

03/09/2026 21:20

Overview
U.S. apparel maker's fiscal Q2 revenue declined 2%, slightly missing analyst expectations
Adjusted EPS for fiscal Q2 rose year-over-year and beat analyst expectations
Company lowered full-year guidance due to softness at Lilly Pulitzer and macroeconomic pressures

Outlook
Oxford Industries lowers fiscal 2026 net sales outlook to $1.43 bln-$1.47 bln
Company expects fiscal 2026 adjusted EPS of $1.60-$2.00, down from $2.11 in fiscal 2025
Oxford Industries sees Q3 net sales of $280 mln-$300 mln, adjusted loss per share of $1.40-$1.20

Result Drivers
TARIFF REFUNDS - Gross margin benefited from $42 mln in tariff refund claims recognized as a reduction of cost of goods sold
LILLY PULITZER SOFTNESS - Sales declines at Lilly Pulitzer attributed to product and marketing challenges, per CEO Tom Chubb
MACROECONOMIC PRESSURE - Company cited ongoing macroeconomic consumer pressure as contributing to lower guidance

Company press release: ID:nGNX7mH2ZH

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
$394 mln
$394.56 mln (6 Analysts)
Q2 Adjusted EPS
Beat
$1.34
$1.31 (6 Analysts)
Q2 EPS
 
$3.25
 
Q2 Gross Margin
 
73.8%
 
*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 $40.00, about 6% above its September 2 closing price of $37.74
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Sept 3 - Digital apparel retailer Lands End Q2 revenue slightly beats estimates
Sept 3 - Victoria's Secret Q2 profit beats on stronger regular-price selling
Sept 2 - PVH Q2 revenue falls on wholesale weakness

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.)