OXM quarterly earnings meet expectations as full-year guidance is lowered
OXM reported second-quarter results that met expectations, with adjusted EPS growth and margin expansion. The company lowered full-year guidance amid Lilly Pulitzer assortment challenges, despite cash-flow strength and Tommy Bahama positive comps.
Second quarter results met expectations with adjusted EPS growth and margin expansion, driven by Tommy Bahama's positive comps and strong cash flow, while Lilly Pulitzer underperformed due to assortment issues.
Full-year guidance was lowered, with gross margin improvement expected despite ongoing p…