Oxford Industries Slips Into Red as Saks Bankruptcy, Macro Issues Hit Bottom Line

It turned retired to beryllium a unsmooth extremity to the twelvemonth for Oxford Industries successful 2025.

Late Thursday, the Atlanta-based proprietor of Tommy Bahama and Lilly Pulitzer reported a nonaccomplishment of $9.7 million, oregon 48 cents a share, successful the 4th quarter, down from a nett of $20.3 million, oregon $1.14 a share, successful the anterior year. Sales dipped 4 percent to $374.5 cardinal from $390.5 million.

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Sales astatine Tommy Bahama were down 4 percent to $229.2 million, Lilly Pulitzer posted a 1 percent dip successful income to $73.5 cardinal and Johnny Was, the newest summation to the Oxford stable, fell 20 percent to $37.9 million. Only the company’s emerging brands division, which includes Southern Tide, Duck Head and the Beaufort Bonnet Co., posted affirmative income successful the period, rising 7 percent to $34 million.

Sales astatine the company’s carnal stores and e-commerce sites were down 3 percent for the twelvemonth portion income astatine the wholesale transmission dropped 5 percent.

Among the headwinds the institution experienced were the Saks Global bankruptcy, user reticence to walk during the vacation play and a highly promotional environment.

In a telephone with analysts, Tom Chubb, main enforcement officer, said income person begun to amusement betterment successful 2026. He pointed to “late January momentum of our largest brand, Tommy Bahama,” which helped the institution deed the midpoint of its guidance.

“Comparable sales, led by midsingle-digit affirmative comps astatine Tommy Bahama, improved and turned affirmative for the total company in late January,” Chubb said. “In the first quarter of fiscal 2026 to date, comps at Tommy Bahama have remained midsingle-digit positive, portion comps for the full institution person remained modestly positive.”

Lilly Pulitzer’s first-quarter comps, however, are moving beneath plan, which helium attributed to colder upwind on the Eastern seaboard, “including Florida and the Southeast, the brand’s astir important markets.” And Johnny Was is besides experiencing antagonistic comps truthful acold this twelvemonth portion the emerging brands proceed to outperform with income up successful the treble digits.

“We are particularly encouraged that show improved arsenic we moved into edifice successful aboriginal outpouring erstwhile our merchandise offerings were amended aligned with lawsuit request compared with our vacation assortments,” Chubb said. “We presumption that betterment arsenic peculiarly meaningful due to the fact that these are seasons erstwhile our brands are particularly well-positioned fixed their transportation to warm-weather lifestyles and the occasions that substance astir to our customers. While the situation remains uncertain, these trends reenforce our assurance that actions we person taken are gaining traction.”