Oxford Industries reports Q2 adjusted EPS $1.26, consensus $1.18

Reports Q2 revenue $403.1M, consensus $406.12M. Inventory increased $27M, or 19%, on a LIFO basis and $29M, or 13%, on a FIFO basis compared to the end of the second quarter of fiscal 2024. Tom Chubb, chairman and CEO, commented, “Our teams executed well in a dynamic trade and tariff environment, delivering sales within our guidance range and an adjusted EPS above our guidance range for the second quarter driven by better-than-expected gross margins. We have moved quickly to diversify our sourcing as well as to pull some inventory receipts forward and calibrate pricing with care to help partially offset the impact on product costs from the incremental tariffs and evolving trade environment that has emerged this year. The results of our efforts allowed us to continue to offer the product assortment our customer expects from our brands while maintaining our strong margin profile.”