By Katherine Hamilton

Oxford Industries swung to a profit in the fourth quarter, but its outlook missed expectations amid deteriorating consumer sentiment.

The owner of Tommy Bahama and Lilly Pulitzer on Thursday posted a profit of $17.9 million, or $1.13 a share, in the fourth quarter, compared with a loss of $60.1 million, or $3.85 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.37, ahead of the $1.27 a share forecast by analysts, according to FactSet.

Revenue fell 3% to $390.5 million. Analysts surveyed by FactSet forecast revenue of $384 million.

Oxford Chief Executive Tom Chubb said the company had a successful holiday season, but demand has moderated starting in January, in part due to a deterioration in consumer sentiment.

He expects that slower demand to continue in the first half of fiscal 2025, with shoppers more hesitant in between occasions like Easter and Mother's Day. Oxford's brands have developed plans to try to respond to that trend, Chubb said.

Oxford guided for first-quarter sales of $375 million to $395 million, below analysts' expectations of $401 million. It anticipates earnings per share of $1.61 to $1.81.

For the full year, Oxford expects revenue of $1.49 billion to $1.53 billion, wider than its previous guidance for $1.5 billion to $1.52 billion, and falling short of the $1.54 billion expected by analysts.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 27, 2025 16:41 ET (20:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.