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Nov 02, 2024

Genesco Q3 2025 Earnings Report

Results exceeded expectations, driven by Journeys, with total comparable sales increased and fiscal 2025 guidance raised.

Key Takeaways

Genesco Inc. reported a 3% increase in total net sales, reaching $596 million, with comparable sales up by 6%. E-commerce sales represented 24% of retail sales. The company raises sales guidance to down 1% to flat compared to Fiscal 2024, or flat to up 1% excluding the 53rd week in Fiscal 2024 and adjusted EPS guidance to $0.80 to $1.00.

Total net sales increased 3% to $596 million; comparable sales increased 6%.

Comparable e-commerce sales increased 15%; comparable store sales increased 4%.

E-commerce sales represented 24% of retail sales compared to 21% last year.

Non-GAAP EPS was $0.61.

Total Revenue
$596M
Previous year: $579M
+2.9%
EPS
$0.61
Previous year: $0.57
+7.0%
Gross Margin
47.8%
Previous year: 48.1%
-0.6%
Direct-to-consumer sales
24%
Previous year: 21%
+14.3%
Gross Profit
$285M
Previous year: $278M
+2.5%
Cash and Equivalents
$33.6M
Previous year: $21.7M
+54.8%
Free Cash Flow
-$36.2M
Previous year: -$12.8M
+181.8%
Total Assets
$1.44B
Previous year: $1.49B
-3.8%

Genesco

Genesco

Genesco Revenue by Segment

Forward Guidance

The Company now expects total sales to be down 1% to flat compared to Fiscal 2024, or flat to up 1% excluding the 53rd week in Fiscal 2024. Now expects adjusted diluted earnings per share from continuing operations in the range of $0.80 to $1.00.

Revenue & Expenses

Visualization of income flow from segment revenue to net income