Oxford Industries (OXD) AI Stock Analysis

Company Guidance

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.