Tommy Bahama owner Oxford hikes outlook on Johnny Was acquisition Oxford Industries Inc. hiked its outlook late Monday following an announcement it closed on its acquisition of clothing brand Johnny Was. The company said inclusion of the $270 million acquisition and strong direct-to-consumer sales at its Tommy Bahama and Lilly Pulitzer brands boosted third-quarter expectations to adjusted earnings of $1.10 to $1.30 a share on sales of $295 million to $310 million, with about two-thirds of the hike coming from anticipated results of Johnny Was, and the rest from DTC sales performance. Analysts surveyed by FactSet expect earnings of $1.02 share on revenue of $275.5 million, based on Oxford''s previous forecast of 90 cents to $1.05 a share on revenue of $270 million to $280 million. For the full year, Oxford expects adjusted earnings of $10.25 to $10.60 a share on sales of $1.38 billion to $1.41 billion, while analysts estimate earnings of $10.02 a share on revenue of $1.32 billion. Shares of Oxford were flat after hours, following a 3.9% gain in the regular session to close at $90.02.