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1. Company Snapshot

1.a. Company Description

Oxford Industries, Inc., an apparel company, designs, sources, markets, and distributes products of lifestyle and other brands worldwide.The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel and swimwear under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women and youth products under the Southern Tide brand.It also designs, sources, markets, and distributes premium childrenswear, including bonnets, hats, apparel, swimwear, and accessories through thebeaufortbonnetcompany.com and wholesale specialty retailers; men's apparel, which include pants, shorts, and tops through duckhead.com and wholesale specialty retailers.


In addition, the company licenses Tommy Bahama brand for various products, such as indoor and outdoor furniture, beach chairs, bedding and bath linens, fabrics, leather goods and gifts, headwear, hosiery, sleepwear, shampoo, toiletries, fragrances, cigar accessories, distilled spirits, and other products; Lilly Pulitzer for stationery and gift products, home furnishing products, and eyewear; and Southern Tide trademark for bed and bath product.Oxford Industries, Inc.offers products through its retail stores, department stores, specialty stores, multi-branded e-commerce retailers, off-price retailers, and other retailers, as well as e-commerce sites.


As of January 29, 2022, it operated 186 brand-specific full-price retail stores; 21 Tommy Bahama food and beverage locations; and 35 Tommy Bahama outlet stores.Oxford Industries, Inc.was founded in 1942 and is headquartered in Atlanta, Georgia.

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1.b. Last Insights on OXM

Here is a 90-word analysis of the negative drivers behind Oxford Industries' recent stock performance: Oxford Industries' Q3 results were marred by a loss of $0.11 per share, missing revenue estimates, and a lowered FY24 outlook. Weaker-than-expected performance was attributed to inflation, cautious consumer spending, hurricanes, and a competitive market. Internal factors, such as product and assortment issues, are likely contributing more to the challenges than macroeconomic conditions. Rising costs, capital expenditures, and SG&A expenses pose significant challenges to margin recovery, despite management's focus on cost control.

1.c. Company Highlights

2. Oxford Industries' Q2 FY2025 Earnings Update

Oxford Industries reported Q2 FY2025 net sales of $403 million, down from $420 million in Q2 FY2024, with adjusted EPS of $1.26, beating estimates of $1.21. The company's gross margin was impacted by tariffs, reducing it by 160 bps to 61.7%. Adjusted SG&A rose 5% to $224 million, driven by new store openings.

Publication Date: Sep -23

📋 Highlights
  • Acceleration vs. Tariff Impact: The performance boost was primarily from acceleration, with Q3 tariffs yet to affect results.
  • Price Increases: Selective low-to-mid-single-digit hikes were implemented, with plans for higher spring adjustments (non-cumulative vs. fall), targeting gross margin recovery.
  • Wholesale & Direct Dynamics: Specialty accounts reduced fall purchases, while major accounts drove strong direct-to-consumer performance.
  • CapEx Projections: $120M in 2023 for the Lyons DC project, down to $75M in 2024 post-completion, with slower store growth (15 new units vs. 30 in 2023).
  • Store Strategy: Expansion will focus on Marlin Bars, Tommy/Lilly stand-alones, and limited Southern Tide openings, with Johnny Was pausing new stores.

Brand Performance

Lilly Pulitzer drove growth with positive DTC comp sales, fueled by new products. Tommy Bahama faced softness due to flawed spring assortments but showed early success with product adjustments. Emerging Brands grew revenue amid challenging conditions, while Johnny Was remained underperforming despite strategic adjustments.

Tariff Impact and Mitigation

Tariffs reduced gross margins, though mitigated by inventory shifts and sourcing changes. The company expects a $25–$35 million impact from tariffs for the full year. Selective price increases, averaging low to mid-single digits, were implemented to offset tariff impacts.

Guidance and Outlook

Full-year sales guidance remains $1.475–$1.515 billion, reflecting 3–0% declines. Gross margins are expected to contract 200 bps due to tariffs and promotions. The Lyons, Georgia, distribution center remains on track for late FY2025/FY2026 completion, with 3 new Marlin Bars and 15 net new stores planned by year-end.

Valuation Metrics

Oxford Industries' current valuation metrics include a P/E Ratio of 8.12, P/S Ratio of 0.42, EV/EBITDA of 6.37, and a Dividend Yield of 6.31%. The company's ROE stands at 17.68%, while its Net Debt / EBITDA is 2.63. These metrics indicate a relatively stable valuation, with a focus on dividend yield and reasonable profitability.

3. NewsRoom

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Oxford to Release Third Quarter Fiscal 2025 Results on December 10, 2025

Nov -24

Source: globenewswire.com

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Oxford Industries Continues To Struggle But Trades At More Than 15x Earnings

Sep -12

Source: seekingalpha.com

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Oxford Industries Q2 Earnings: Not Much To Celebrate

Sep -11

Source: seekingalpha.com

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Oxford Industries shares surge after profit beat and tariff mitigation moves

Sep -11

Source: invezz.com

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Why Oxford Industries Stock Jumped 23% Today

Sep -11

Source: fool.com

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Tommy Bahama Owner Oxford Stock Pops on Strong Profit, Positive Q3 Same-Store Sales

Sep -11

Source: investopedia.com

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Oxford Industries, Inc. (OXM) Q2 2025 Earnings Call Transcript

Sep -11

Source: seekingalpha.com

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Oxford Industries (OXM) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Sep -10

Source: zacks.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.61%)

6. Segments

Tommy Bahama

Expected Growth: 4.5%

Tommy Bahama's 4.5% growth is driven by its strong brand recognition, increasing e-commerce sales, and strategic expansion into new markets. The brand's focus on experiential retail, including restaurant and bar concepts, also contributes to its growth. Additionally, Oxford Industries' effective inventory management and supply chain optimization have helped to improve profitability.

Lilly Pulitzer

Expected Growth: 4.8%

Lilly Pulitzer's 4.8% growth is driven by its strong brand reputation, increased online presence, and strategic wholesale partnerships. The brand's resort wear and women's apparel segments have seen significant growth, with a focus on comfort and versatility. Additionally, the company's efforts to expand its direct-to-consumer channel and improve supply chain efficiency have contributed to its growth momentum.

Johnny Was

Expected Growth: 4.2%

Johnny Was, a subsidiary of Oxford Industries, Inc., has achieved 4.2% growth driven by its strong brand reputation, expanding e-commerce presence, and strategic wholesale partnerships. Additionally, the brand's focus on bohemian-inspired fashion and high-quality products has resonated with consumers, contributing to its growth momentum.

Emerging Brands

Expected Growth: 5.5%

Oxford Industries' emerging brands, such as Tommy Bahama and Lilly Pulitzer, drive 5.5% growth through strategic e-commerce investments, expanded product offerings, and targeted marketing efforts. Strong brand recognition, quality products, and effective supply chain management also contribute to this growth.

Corporate and Other

Expected Growth: 3.8%

Oxford Industries' Corporate and Other segment growth of 3.8% is driven by effective cost management, strategic investments in e-commerce and digital marketing, and a strong balance sheet enabling opportunistic acquisitions. Additionally, the company's diversified portfolio and disciplined capital allocation contribute to its growth momentum.

7. Detailed Products

Lanier Apparel

Lanier Apparel is a leading manufacturer of uniform apparel for the hospitality, healthcare, and food service industries.

Duck Head

Duck Head is a popular brand of outdoor apparel, offering a range of casual, comfortable clothing for men and women.

Ben Sherman

Ben Sherman is a British-inspired fashion brand, offering a range of stylish, high-quality clothing and accessories for men and women.

Oxford Golf

Oxford Golf is a leading manufacturer of high-quality, stylish golf apparel for men and women.

Billy London

Billy London is a fashion brand offering a range of stylish, high-quality clothing and accessories for men and women.

8. Oxford Industries, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for Oxford Industries, Inc. is medium due to the availability of alternative products in the market.

Bargaining Power Of Customers

The bargaining power of customers is high due to the presence of large retailers and wholesalers who can negotiate prices and terms.

Bargaining Power Of Suppliers

The bargaining power of suppliers is low due to the company's large scale of operations and ability to negotiate prices.

Threat Of New Entrants

The threat of new entrants is medium due to the moderate barriers to entry in the industry, including regulatory hurdles and capital requirements.

Intensity Of Rivalry

The intensity of rivalry is high due to the presence of several established players in the industry, leading to intense competition.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 14.34%
Debt Cost 3.95%
Equity Weight 85.66%
Equity Cost 11.78%
WACC 10.66%
Leverage 16.74%

11. Quality Control: Oxford Industries, Inc. passed 7 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

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Jerash Holdings

A-Score: 6.6/10

Value: 7.2

Growth: 2.6

Quality: 5.5

Yield: 9.0

Momentum: 7.0

Volatility: 8.7

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G-III Apparel

A-Score: 4.9/10

Value: 8.9

Growth: 5.6

Quality: 6.8

Yield: 0.0

Momentum: 3.5

Volatility: 4.7

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Superior Group of Companies

A-Score: 4.8/10

Value: 6.9

Growth: 5.1

Quality: 3.9

Yield: 7.0

Momentum: 1.5

Volatility: 4.3

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Oxford Industries

A-Score: 4.7/10

Value: 5.7

Growth: 5.3

Quality: 5.8

Yield: 8.0

Momentum: 0.5

Volatility: 2.7

1-Year Total Return ->

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Culp

A-Score: 4.1/10

Value: 9.8

Growth: 1.2

Quality: 5.0

Yield: 1.0

Momentum: 2.0

Volatility: 5.3

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Lakeland Industries

A-Score: 3.5/10

Value: 9.0

Growth: 2.1

Quality: 3.7

Yield: 1.0

Momentum: 2.0

Volatility: 3.3

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

40.81$

Current Price

40.81$

Potential

-0.00%

Expected Cash-Flows