Oxford Industries, Inc. announced its financial results for the first quarter of fiscal 2025, which ended on May 3, 2025. Consolidated net sales for the quarter were $393 million, a decrease from $398 million in the first quarter of fiscal 2024. GAAP EPS was $1.70, down from $2.42 in the prior year, and adjusted EPS was $1.82, compared to $2.66 in the first quarter of fiscal 2024.
The company's inventory increased by $18 million on a LIFO basis and $20 million on a FIFO basis compared to the prior year, primarily due to accelerated purchases ahead of anticipated tariff increases and the capitalization of higher costs after tariffs were implemented. Cash used in operations was $4 million, a shift from $33 million provided in the prior year, reflecting lower net earnings and working capital needs. Borrowings outstanding increased to $118 million.
Oxford Industries significantly revised its full-year fiscal 2025 sales guidance to a range of $1.475 billion to $1.515 billion. Adjusted EPS guidance for fiscal 2025 was lowered to between $2.80 and $3.20, a substantial reduction from the previous forecast. This revised guidance includes an estimated $40 million in additional tariff costs, which translates to approximately $2.00 per share on an after-tax basis. The company declared a quarterly cash dividend of $0.69 per share.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.