Oxford Industries

Q1 FY2027 EarningsQ1 FY26 net sales were $391.4M, down 0.4% YoY, as growth in Tommy Bahama (+3.9%) and Emerging Brands (+12.8%) was offset by declines in Lilly Pulitzer (-8.8%) and Johnny Was (-12.9%). Gross margin contracted 190bps to 62.3%, severely impacted by $11M in additional IEEPA tariffs and a $4M higher LIFO charge. Operating margin fell from 9.2% to 5.7% due to the gross margin squeeze and a 2.5% increase in SG&A. Net earnings decreased 42.8% YoY to $15.0M, resulting in diluted EPS of $1.00.