Key Highlights

  • Oxford declared a quarterly cash dividend of $0.70 per share, payable October 30, 2026, to holders of record October 16.
  • Second-quarter net sales were $394 million, and GAAP EPS was $3.25, including a $2.07 tariff-related refund impact.
  • Adjusted EPS was $1.34, compared with $1.26, and first-half cash from operations was $97 million, compared with $80 million.
  • Borrowings outstanding decreased to $73 million at the end of the second quarter of fiscal 2026.

Oxford Industries, Inc. (NYSE:OXM), the owner of Tommy Bahama, Lilly Pulitzer and Johnny Was, declared a quarterly cash dividend of $0.70 per share in its September 3, 2026 earnings release. The dividend is payable on October 30 to shareholders of record on October 16. The company paid $22 million in dividends in the first half of fiscal 2026.

Dividend Program and Shareholder Returns

The board declared a quarterly cash dividend of $0.70 per share. It is payable on October 30, 2026, to shareholders of record as of the close of business on October 16, 2026, which is also the ex-dividend date. The declaration was part of the company’s release dated September 3, 2026.

The release cites dividend payments of $22 million in the first half of fiscal 2026. The cash flow statement shows no repurchases of common stock in the first half.

About the Company

Oxford Industries, Inc. describes itself as a leader in the apparel industry. Its brands include Tommy Bahama, Lilly Pulitzer and Johnny Was, along with its Emerging Brands. Its stock has traded on the New York Stock Exchange since 1964 under the symbol OXM.

Financial Performance Behind the Payout

Fiscal second-quarter net sales, for the quarter ended August 1, 2026, were $394 million, compared with $403 million. GAAP diluted EPS was $3.25, compared with $1.12 in the second quarter of fiscal 2025, and included a $2.07 tariff-related refund impact. Adjusted EPS, a non-GAAP measure, was $1.34, compared with $1.26. GAAP net earnings were $48.967 million for the quarter and $63.955 million for the first half.

By brand, Tommy Bahama net sales were $230.9 million, up 0.8%, with a low-single-digit comparable sales gain. Lilly Pulitzer net sales were $85.2 million, down 5.6%, Johnny Was net sales were $41.4 million, down 8.8%, and Emerging Brands net sales were $37.1 million, down 3.7%.

Cash provided by operations was $97 million in the first half, compared with $80 million a year earlier. Cash and cash equivalents were $9.0 million, and inventories, net, were $147.1 million at August 1, 2026. Inventory decreased $20 million, or 12%, on a LIFO basis.

Tariff Refunds and the Gap Between GAAP and Adjusted EPS

The second-quarter GAAP result includes a $2.07 per share tariff-related refund impact. The release reports $42 million of tariff refund claims recognized as a reduction of cost of goods sold and a $12.8 million tariff receivable on the balance sheet.

For the first half of fiscal 2026, GAAP diluted EPS was $4.25 and adjusted diluted EPS was $2.73. The release also states that first-half cash flow, “along with tariff refunds received to-date,” was used to significantly reduce debt.

Outlook

Oxford’s guidance for the third quarter of fiscal 2026 is net sales of $280 million to $300 million, compared with $307 million in the prior-year quarter. GAAP loss per share is guided at $1.47 to $1.27, and adjusted loss per share at $1.40 to $1.20.

For the full fiscal year 2026, net sales are guided at $1.430 billion to $1.470 billion, GAAP earnings per share at $3.07 to $3.47, and adjusted EPS at $1.60 to $2.00. Capital expenditures are guided at approximately $60 million, compared with $108 million in fiscal 2025.

Comparable sales by brand, tariff refunds, borrowings, operating cash flow and the board’s quarterly declarations are the relevant factors for the dividend.