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May 03, 2025
Genesco Q1 2026 Earnings Report
Genesco posted better-than-expected Q1 results with improved top and bottom-line performance.
Key Takeaways
Genesco beat expectations in Q1 FY26, achieving revenue growth of 4% driven by strong comp sales at Journeys. Despite a net loss, adjusted profitability improved versus the prior year, and the company reiterated its full-year guidance.
Revenue increased 4% YoY to $473,973,000, led by 8% comp growth in Journeys.
GAAP EPS was ($2.02), with adjusted EPS at ($2.05), showing YoY improvement.
Net loss narrowed to $21,212,000 from $24,288,000 in Q1 FY25.
E-commerce represented 23% of retail sales, with 7% comp growth online.
Revenue by Segment
Forward Guidance
Genesco maintained its full-year adjusted EPS guidance of $1.30 to $1.70, factoring in current tariff impacts and modest top-line growth expectations.
Positive Outlook
- Full-year adjusted EPS guidance reiterated at $1.30 to $1.70.
- Comparable sales guidance narrowed upward to 2–3%.
- Foreign exchange now expected to have a favorable impact.
- Strong positioning to mitigate tariff impact due to diversified sourcing.
- Investments planned in product, marketing, and stores to support growth.
Challenges Ahead
- Tariff-related uncertainties remain a risk to margins.
- Consumer environment described as 'choppy' and increasingly uncertain.
- Gross margin declined 60 basis points YoY.
- Inventory levels increased 15% YoY, raising potential risk.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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