Oxford Industries unexpectedly reported a loss in the fourth quarter, but revenue exceeded expectations

LootboxPhobia · 2026-03-27T05:32:54+00:00

Oxford Industries Inc. announced a net loss of $0.09 per share for the fourth quarter, with revenue of $374 million. Due to consumer environment and tariff pressures, revenue declined 4% compared to last year. The forecast for the fiscal year 2026 median earnings per share is $2.40, below expectations, while the revenue guidance meets market expectations. The CEO stated that the Tommy Bahama business is recovering.

LootboxPhobia

2026-03-27 05:32:54

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Atlanta - Oxford Industries Inc. (NYSE:OXM) reported a fourth-quarter adjusted loss per share of $0.09, worse than analysts’ expectations of $0.05, while revenue was $374 million, slightly above the market consensus of $372.33 million. In after-hours trading, the company’s stock price fell 1%.

The apparel company’s revenue decreased 4% from $391 million in the same period last year, impacted by an uneven consumer environment and rising tariff costs.

For fiscal year 2026, the company provided an adjusted earnings per share guidance of $2.10 to $2.70, with a midpoint of $2.40, below analysts’ consensus of $2.63. Revenue guidance is set at $1.48 billion to $1.53 billion, with a midpoint of $1.51 billion, in line with the market consensus of $1.50 billion. This outlook assumes that the IEEPA tariff rates will continue to be in effect for the remainder of the year, expected to have an impact of approximately $20 million, or $1.00 per share.

CEO Tom Chubb noted, “The momentum of our largest business, Tommy Bahama, has improved as the quarter progressed, with the trend strengthening since late January.” He added that the start of fiscal year 2026 is off to a good start, with Tommy Bahama maintaining mid-single-digit positive comparable sales in the important resort and early spring first quarter.

The company’s fourth-quarter adjusted gross margin narrowed to 58.0% from 60.8% a year ago, primarily due to an additional $30 million in tariff costs incurred over the year and a shift in the sales mix toward promotional activities. Tommy Bahama’s sales fell 4% to $229.2 million, while Johnny Was’ sales declined 20% to $37.9 million.

For the first quarter of fiscal year 2026, Oxford expects adjusted earnings per share of $1.20 to $1.30, compared to $1.82 in the same period last year, with revenue expected to be between $385 million and $395 million, compared to $393 million in the prior year. The company also raised its quarterly dividend by 1% to $0.70 per share.

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