Oxford Industries reports Q1 adjusted EPS $1.82, consensus $1.82

Reports Q1 revenue $392.9M, consensus $384.77M. Inventory increased $18M, or 12%, on a LIFO basis and $20M, or 9%, on a FIFO basis compared to the end of the first quarter of fiscal 2024. Tom Chubb, Chairman and CEO, commented, “We were able to deliver sales and adjusted EPS within our guidance ranges for the first quarter despite uncertain tariff and trade dynamics that are significantly impacting our industry and operating landscape. Despite the increasing headwinds, we were led by a low double digit increase at Lilly Pulitzer as the brand’s current assortment is resonating strongly with its core consumer, and overall sales were only modestly lower than last year. At the same time, we were able to maintain strong gross margins above 64%.”