Oxford Industries, Inc. announced its financial results for the second quarter of fiscal 2025, which ended on August 2, 2025. Consolidated net sales for the quarter were $403 million, a decrease from $420 million in the second quarter of fiscal 2024. GAAP EPS was $1.12, down from $2.57 in the prior year, while adjusted EPS was $1.26, compared to $2.77 in the second quarter of fiscal 2024.
The company's adjusted EPS exceeded its guidance range, driven by better-than-expected gross margins. Management highlighted proactive measures taken to diversify sourcing, accelerate inventory receipts, and calibrate pricing to partially offset the impact of incremental tariffs. Inventory levels increased by $27 million on a LIFO basis and $29 million on a FIFO basis, partly due to accelerated purchases to minimize tariff impacts and $5 million in capitalized tariff costs.
Oxford Industries affirmed its full-year fiscal 2025 sales guidance of $1.475 billion to $1.515 billion and adjusted EPS guidance of $2.80 to $3.20. The company estimates that it has mitigated roughly half of the approximately $80 million in incremental tariff exposure for fiscal 2025 through sourcing shifts and accelerated receipts. The net tariff impact on current annual EPS guidance is estimated at $25 million to $35 million, or approximately $1.25 to $1.75 per share. The company declared a quarterly cash dividend of $0.69 per share.
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