06:25 AM EDT, 09/11/2025 (MT Newswires) -- Oxford Industries ( OXM ) shares jumped early Thursday as the clothing company reiterated its full-year outlook and reported better-than-expected fiscal second-quarter earnings.

The owner of Tommy Bahama and Lilly Pulitzer clothing brands continues to project adjusted earnings to be in between $2.80 and $3.20 per share for fiscal 2025 and sales to be in a range of $1.48 billion to $1.52 billion, it said late Wednesday. The current consensus on FactSet is for non-GAAP EPS of $2.87 and sales of nearly $1.5 billion.

The stock climbed 17% in the most recent premarket activity.

The company anticipates incremental tariffs of about $80 million during the ongoing fiscal year, based on current policies. The retailer estimates it has been able to mitigate roughly half of this full-year exposure through already implemented measures, such as accelerating product receipts and shifting its sourcing.

"Through additional vendor concessions and select second half price increases, our current annual guidance reflects a net tariff impact of approximately $25 million to $35 million, or approximately $1.25 to $1.75 per share after tax," Chief Financial Officer Scott Grassmyer said during an earnings call, according to a FactSet transcript. In June, Oxford Industries ( OXM ) expected tariffs to have a per-share impact of $2 on adjusted earnings after tax.

For the three months through Aug. 2, adjusted EPS fell to $1.26 from $2.77 last year, but came in ahead of the Street's view for $1.18. Sales declined 4% to $403.1 million, missing the average analyst estimate of $406.1 million.

"Our teams executed well in a dynamic trade and tariff environment, delivering sales within our guidance range and an adjusted EPS above our guidance range for the second quarter driven by better-than-expected gross margins," Chief Executive Tom Chubb said in the earnings release. "We have moved quickly to diversify our sourcing as well as to pull some inventory receipts forward and calibrate pricing with care to help partially offset the impact on product costs from the incremental tariffs and evolving trade environment that has emerged this year."

Sales from Tommy Bahama decreased to $229 million from $245.1 million in the prior-year quarter, while Lilly Pulitzer ticked down 1.5% to $90.3 million. Revenue from emerging brands advanced 17% to $38.5 million, while Johnny Was logged a 9.7% drop in sales.

For the ongoing quarter, Oxford Industries ( OXM ) is forecasting an adjusted loss of $0.85 to $1.05 a share on a sales range of $295 million to $310 million. The Street is looking for a non-GAAP loss of $0.78 per share and sales of $308.7 million.

The company is "encouraged" by its comparable store sales performance so far in the third quarter, with the metric "modestly positive" in the low-single-digit range, according to Chubb. "While tariffs and macro uncertainty remain near-term headwinds across our industry, we are focused on what we can control," the CEO added.