Oxford Industries, the parent company of Tommy Bahama, Lilly Pulitzer, and Johnny Was brands, exceeded earnings estimates by reporting second-quarter adjusted earnings per share of $1.26. Despite a 4% decrease in sales to $403.1 million, the company saw a 17% sales increase in its Emerging Brands. CEO Tom Chubb expressed optimism about current quarter same-store sales, despite facing $80 million in tariff costs this year. Shares of Oxford Industries jumped over 20% following the positive earnings report.

Read more at Yahoo Finance: Tommy Bahama Owner Oxford Stock Pops on Strong Profit, Positive Q3 Same-Store Sales