Oxford Industries (OXM) Cut Its Outlook Despite a $42 Million Tariff Refund. Can Margins Hold?

Oxford Industries, Inc. (NYSE:OXM) reported fiscal second-quarter net sales of $394.4 million, down 2.2%. Full-price direct-to-consumer sales declined 1%, while wholesale sales fell 14%, primarily reflecting lower off-price sales. GAAP gross margin increased to 73.8% from 61.4% after Oxford Industries, Inc. (NYSE:OXM) recognized approximately $42 million of tariff refund claims as a reduction of cost […]

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