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May 03
Oxford Q1 2025 Earnings Report
Oxford reported a decline in revenue and profitability amid tariff headwinds in Q1 2025.
Key Takeaways
Oxford Industries delivered results within guidance despite a 1.3% year-over-year revenue decline, pressured by new tariffs and rising costs. Lilly Pulitzer showed strong growth, but operating income and EPS dropped compared to the previous year.
Consolidated revenue declined to $392,861,000 from $398,184,000 a year ago.
Net income fell to $26,181,000 from $38,373,000 in Q1 FY2024.
Gross margin remained strong at 64.2% despite increased freight and tariff-related costs.
Lilly Pulitzer segment posted 12% year-over-year revenue growth, offsetting declines in other segments.
Oxford
Oxford
Oxford Revenue by Segment
Revenue by Segment
Tommy Bahama Revenue
CapyFin.comLilly Pulitzer Revenue
CapyFin.comJohnny Was Revenue
CapyFin.comEmerging Brands Revenue
CapyFin.com Forward Guidance
Oxford revised its FY2025 guidance downward, anticipating lower revenue and EPS due to $40 million in additional tariff costs.
Positive Outlook
- Lilly Pulitzer expected to continue strong performance.
- Company plans to open 15 net new full-price stores including 3 Marlin Bars.
- Anticipates capital expenditures of $120 million, with $70 million for new distribution center.
- Maintains strong balance sheet to support long-term growth.
- Plans to navigate trade-related challenges by shifting supply chain.
Challenges Ahead
- FY2025 GAAP EPS guided between $2.28 and $2.68, down from $5.87 in FY2024.
- FY2025 adjusted EPS guided between $2.80 and $3.20, down from $6.68 last year.
- Tariff costs expected to increase by $40 million, reducing EPS by $2.00 per share.
- Q2 revenue guidance below last year’s actuals ($395M–$415M vs. $420M).
- Interest expense projected to rise to $8 million in FY2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income