By Kelly Cloonan

Oxford Industries had a lower profit in its latest quarter as tariff costs dragged on its bottom line.

The apparel company also pointed to weaker-than-expected results at its Lilly Pulitzer brand and warned that it expects economic pressures to continue weighing on consumers going forward.

The stock slid 10%, to $38.88, in after-hours trading Wednesday. Through market close, shares are up 27% year to date.

The company, which owns brands like Tommy Bahama and Lilly Pulitzer, said fiscal first-quarter profit fell to $15 million, or $1 a share, from $26.2 million, or $1.70 a share, a year earlier.

Profit in the latest quarter was dented by additional tariff costs of $11 million compared to the year-ago quarter, as well as a $4 million higher LIFO accounting charge, the company said.

Adjusted earnings per share were $1.39, compared with estimates of $1.29 a share according to analysts polled by FactSet.

Sales ticked down 0.4% to $391.4 million, compared with analyst estimates of $391.8 million.

Sales at Tommy Bahama-the company's biggest brand-rose 3.9%, offset by declines at Lilly Pulitzer and Johnny Was. Sales at the company's emerging brands also increased.

Chief Executive Tom Chubb said the results were hurt by softer-than-expected performance at Lilly Pulitzer and a challenging environment, pointing to weak consumer sentiment and higher energy prices.

"As we look to the remainder of the year, we expect macroeconomic pressures to continue weighing on consumer sentiment, and we are allowing time for our corrective actions at Lilly Pulitzer to gain traction," Chubb said.

For the fiscal year, the company now projects adjusted earnings per share of $2.30 to $2.70, raising the midpoint from its prior range of $2.10 to $2.70. It lowered the midpoint of its sales forecast, now guiding for $1.48 billion to $1.51 billion, compared with $1.48 billion to $1.53 billion previously.

For the current quarter, Oxford forecasts adjusted earnings per share of $1.20 to $1.40 and sales of $380 million to $400 million. Analysts expect adjusted per-share earnings of $1.46 and sales of $413.9 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

June 10, 2026 16:47 ET (20:47 GMT)

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