Oxford Industries (OXD) Q2 2026 Earnings Report
DE:OXD Q2 2026 EPS Results
- Actual EPS
- EUR 1.20
- Consensus EPS
- EUR 1.17
- Beat/Miss
- Beat by +EUR 0.03
- One Year Ago EPS
- EUR 1.13
DE:OXD Q2 2026 Revenue Results
- Actual Revenue
- EUR 353.12M
- Expected Revenue
- EUR 353.28M
- Beat/Miss
- Missed by -EUR 159.38K
- YoY Revenue Growth
- -2.17%
Earnings Announcement Details
- Quarter
- Q2 2026
- Date
- 09/03/2026
- Time
- After Close
- Conference Call
- Thursday, September 3, 2026
Oxford Industries's next earnings date is estimated for December 9, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
The call was mixed. Oxford delivered adjusted EPS growth, meaningful gross margin expansion, improved Johnny Was profitability, strong operating cash flow, and substantial debt reduction in the second quarter. However, persistent Lilly Pulitzer assortment and marketing issues, softer sales across several businesses, cautious consumer demand, and materially lower full-year sales and EPS guidance weighed on the outlook.
For fiscal 2026, the company expects a low single-digit negative comp for the total company and sales between $1.43 billion and $1.47 billion, or a decline of 3% to relatively flat, with low single-digit decreases in direct-to-consumer channels, a high single-digit decrease in wholesale, and a low double-digit increase in food and beverage; the plan includes a sales decrease in Lilly Pulitzer and Johnny Was, partially offset by a sales increase in Tommy Bahama and growth in the Emerging Brands, while Tommy Bahama comps are expected to be slightly positive for the year. Excluding tariff refund-related impact, gross margin is expected to increase approximately 50 basis points for the year and approximately 100 basis points in both Q3 and Q4 fiscal '26, SG&A is expected to grow in the low single-digit range, royalties and other income are expected to be approximately $2 million, interest expense is expected to be $6 million, the tax rate is expected to be between 27% and 28%, and adjusted EPS guidance is $1.60 to $2 versus adjusted EPS of $2.11 last year. Q3 sales are expected to be $280 million to $300 million, based on a mid-single-digit negative to low single-digit negative comp assumption and relatively flat wholesale sales, with gross margin expected to expand approximately 100 basis points, SG&A to grow in the low single-digit range, royalty income of approximately $3 million, interest expense of $1 million, an effective tax rate of approximately 24%, and adjusted loss per share between $1.40 and $1.20; Q4 includes a comp assumption of relatively flat to slightly positive. Capital expenditures for the year are expected to be approximately $60 million.
- Adjusted EPS Growth and Results Within ExpectationsSecond-quarter results were within expectations, with year-over-year adjusted EPS growth and a low single-digit comparable sales gain at Tommy Bahama.
- Adjusted Gross Margin ExpansionAdjusted gross margin expanded 140 basis points to 63.1%, driven primarily by updated assortment, sourcing, and pricing strategies that resulted in higher IMUs, along with a lower proportion of off-price wholesale sales. These benefits were partially offset by more promotional DTC sales.
- Tommy Bahama Comparable Sales GrowthTommy Bahama delivered a low single-digit positive comparable sales gain in its DTC channels, which helped offset pressure elsewhere in the portfolio. The company expects Tommy Bahama comparable sales to be slightly positive for the full year.
- Improvement in Florida and Women's Tommy BahamaTommy Bahama returned to positive comparable sales in Florida, a key market that had been softer in recent periods. Men's sales were up, while women's sales were up more than men's.
- Johnny Was Profitability ImprovementJohnny Was significantly increased EBITDA in the second quarter, driven by higher gross margin from tighter inventory management and fewer promotions, together with disciplined SG&A management. Management said the brand is progressing on its turnaround plan.
- Food and Beverage Sales GrowthFood and beverage sales increased 11%, driven primarily by non-comparable locations.
- Adjusted EBITDA and Margin GrowthAdjusted EBITDA increased to $45 million from $43 million, while adjusted EBITDA margin improved to 11.4% from 10.7% in the prior year.
- Tariff Refunds Supported Debt ReductionThe company recorded a $42 million reduction to cost of goods sold for previously paid tariffs and received substantially the entire balance during the second quarter or shortly thereafter. The refunds contributed to debt reduction, although their impact was excluded from adjusted results.
- Significant Debt ReductionLong-term debt ended the quarter at $73 million, down $70 million from $143 million at the end of the first quarter, down from $81 million at the end of the second quarter of fiscal 2025, and down from $116 million at fiscal year-end 2025.
- Higher Operating Cash Flow and Lower Capital ExpendituresCash flow from operations was $97 million in the first half of fiscal 2026, compared with $80 million in the first half of fiscal 2025. Capital expenditures declined to $32 million from $55 million, and the company paid $22 million in dividends.
- Inventory ReductionOn a FIFO basis, inventory decreased $9 million, or 4%, compared with the second quarter of fiscal 2025, with decreases in Emerging Brands, Lilly Pulitzer, and Johnny Was.
- Lower Effective Tax Rate and Interest OutlookThe second-quarter effective tax rate declined to 27.5% from 29.6% in the prior year due to discrete items that were more significant in the prior year. Full-year interest expense is now expected to be $6 million, lower than the previous estimate due to the recent debt reduction.
- Expected Gross Margin ImprovementExcluding tariff-refund impacts, the company expects approximately 50 basis points of gross margin improvement for fiscal 2026. Gross margins are expected to improve approximately 100 basis points in both the third and fourth quarters, supported by improved IMUs and a higher proportion of DTC sales.
- Lower Full-Year Capital Expenditure PlanFiscal 2026 capital expenditures are expected to be approximately $60 million, including $32 million spent in the first half, compared with $108 million in fiscal 2025.
- Enterprise Efficiency and Technology InitiativesOxford initiated a broader review aimed at meaningfully enhancing operating margins over the next few years through business simplification, improved efficiency, and sharper resource allocation. Actions underway include ramping the Lyons, Georgia, distribution center, simplifying the IT stack, and advancing data analytics and AI capabilities.
- Store Fleet and Emerging Brands ActionsThe company is optimizing its store fleet, including converting selected Southern Tide and Johnny Was locations to Lilly Pulitzer where management believes the market and location are better suited. Oxford also appointed a new Southern Tide leader and consolidated finance, planning, and operations oversight within Emerging Brands.
DE:OXD Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Dec 09, 2026 | 2026 (Q3) | -1.16- | -0.82 | ― | ― |
| Sep 03, 2026 | 2026 (Q2) | 1.171.20 | 1.13 | 6.35% (+0.07) | |
| Jun 10, 2026 | 2026 (Q1) | 1.151.24 | 1.63 | -23.63% (-0.39) | |
| Mar 26, 2026 | 2025 (Q4) | 0.02-0.08 | 1.23 | -106.57% (-1.31) | |
| Dec 10, 2025 | 2025 (Q3) | -0.84-0.82 | -0.1 | -736.36% (-0.73) | |
| Sep 10, 2025 | 2025 (Q2) | 1.061.13 | 2.48 | -54.51% (-1.35) | |
| Jun 11, 2025 | 2025 (Q1) | 1.631.63 | 2.38 | -31.58% (-0.75) | |
| Mar 27, 2025 | 2024 (Q4) | 1.131.23 | 1.7 | -27.89% (-0.47) | |
| Dec 11, 2024 | 2024 (Q3) | -0.06-0.10 | 0.9 | -110.89% (-1.00) | |
| Sep 11, 2024 | 2024 (Q2) | 2.692.48 | 3.09 | -19.71% (-0.61) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
