Oxford Industries Cuts FY26 Outlook as Lilly Pulitzer Weakness Persists
OXM is trading near its 52-week low of $30.566 (0.7% above the low).
Summary
Oxford Industries reported Q2 revenue of $394 million, slightly below consensus, while adjusted EPS of $1.34 beat expectations. The company cut its full-year net sales outlook to $1.43-$1.47 billion and now expects adjusted EPS of $1.60-$2.00, down from $2.11 last year. Lilly Pulitzer sales fell 5.6% due to product and marketing challenges, and the company cited macroeconomic consumer pressure. Q3 guidance implies a significant adjusted loss per share of $1.20-$1.40. The stock is trading near its 52-week low, and this guidance cut reinforces the negative trend from Q1's 43% earnings drop.
At the time of this announcement, OXM was trading at $30.79 on NYSE in the Trade & Services sector, with a market capitalization of approximately $546.9M. The 52-week trading range was $30.57 to $51.61. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.