Oxford Industries, Inc. (NYSE:OXM) announced financial results for the second quarter of fiscal 2025 ended August 2, 2025.
Consolidated net sales in the second quarter of fiscal 2025 were $403 million compared to $420 million in the second quarter of fiscal 2024.
EPS on a GAAP basis was $1.12 compared to $2.57 in the second quarter of fiscal 2024.
Decreased Sales
Consolidated net sales in the second quarter of fiscal 2025 decreased by $17 million compared to the same period in fiscal 2024.
Adjusted EPS
Adjusted EPS for the quarter was $1.26, lower than the $2.77 achieved in the second quarter of fiscal 2024.
Gross Margin Impact
Gross margin decreased from 63.3% in the second quarter of fiscal 2024 to 61.7% in the current quarter, mainly influenced by increased cost of goods sold from additional tariffs.
Operating Income Decline
Operating income dropped from 13.5% of net sales in the second quarter of fiscal 2024 to 7.0% in the current quarter.
Sales Mix Changes
Sales mix shifted with full-price retail and e-commerce sales making up a higher proportion of net sales at Lilly Pulitzer and Johnny Was.
- The results reflect a challenging trade and tariff environment that affected sales and margins.
- Oxford Industries focused on diversifying sourcing and adjusting pricing to mitigate the impact of tariffs on product costs.
- Despite short-term challenges, the company remains optimistic about positive comparable store sales performance in the third quarter.
Oxford Industries navigated through a tough trading environment, adapting sourcing strategies and pricing to combat tariff pressures. While facing uncertainties, the company's focus on delivering quality products and managing expenses positions it well for long-term success.