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Get filing alertsOxford Industries Q2 sales slip 2.2% to $394M; GAAP EPS jumps on $2.07 tariff refund, FY26 guidance cut
Filed September 3, 2026 · Period ending September 3, 2026 · ~1 min read
Key Changes
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Q2 FY2026 net sales fell 2.2% to $394 million from $403 million a year earlier, with declines at Lilly Pulitzer, Johnny Was, and Emerging Brands partly offset by a slight Tommy Bahama increase.
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GAAP EPS was $3.25 versus $1.12 last year, boosted by a one-time $2.07 per share tariff refund; adjusted EPS rose 6.1% to $1.34 from $1.26.
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Full-year FY2026 guidance was lowered: net sales now expected at $1.430–$1.470 billion (vs. $1.478 billion in FY2025) and adjusted EPS at $1.60–$2.00 (vs. $2.11).
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Q3 FY2026 guidance calls for net sales of $280–up to $300 million (vs. $307 million last year) and an adjusted loss per share of $1.20–$1.40, wider than the prior-year adjusted loss of $0.92.
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Summary
Oxford Industries reported fiscal 2026 second quarter results on September 3, 2026. Consolidated net sales declined 2.2% year-over-year to $394 million, with softness concentrated at Lilly Pulitzer, Johnny Was, and Emerging Brands, while Tommy Bahama posted a slight increase.
GAAP earnings per share of $3.25 more than doubled from $1.12 a year ago, but the gain was driven by a one-time $2.07 per share tariff refund; excluding that item, adjusted EPS was $1.34, up 6.1% from $1.26.
Third-quarter guidance also points to continued pressure, with sales of $280–up to $300 million and an adjusted loss per share of $1.20–$1.40, wider than the prior-year adjusted loss of $0.92. The company cited internal headwinds and ongoing macro-economic consumer pressure. For retail holders, the key takeaway is that underlying profitability improved modestly despite lower sales, but the outlook has been trimmed across both sales and adjusted EPS. The tariff refund flatters the GAAP comparison and should not be read as operating momentum. The reduced guidance, particularly the wider expected Q3 loss, signals management expects softness to persist into the back half of the year.
Section-by-Section Diff
Event · Item 2.02 — Results of Operations and Financial Condition
Oxford Industries issued a press release announcing its fiscal 2026 second quarter financial results.
Added in current filing · verify on EDGAR →
On September 3, 2026, Oxford Industries, Inc. issued a press release announcing, among other things, its financial results for the fiscal 2026 second quarter ended August 1, 2026.
The company announced its financial results for the fiscal 2026 second quarter ended August 1, 2026, via a press release attached as Exhibit 99.1. The 8-K itself does not include the quantitative results; those are in the exhibit.
Event · Exhibit 99.1
Oxford Industries reports Q2 FY2026 results with lower sales, higher GAAP EPS due to tariff refunds, and reduced FY2026 guidance.
Added in current filing · view on EDGAR →
Consolidated net sales in the second quarter of fiscal 2026 were $394 million compared to $403 million in the second quarter of fiscal 2025.
Total company sales declined 2.2% year-over-year, with declines at Lilly Pulitzer, Johnny Was, and Emerging Brands partially offset by a slight increase at Tommy Bahama. The company attributes softness to internal headwinds and ongoing macro-economic consumer pressure.
Added in current filing · view on EDGAR →
On an adjusted basis, EPS was $1.34 compared to $1.26 in the second quarter of fiscal 2025.
Adjusted EPS grew 6.1% year-over-year, reflecting modest underlying earnings improvement despite lower sales. The adjusted figure excludes the tariff refund, LIFO adjustments, and other one-time items.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 4, 2026 · How we verify