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Nov 01, 2025
Genesco Q3 2026 Earnings Report
Genesco reported third quarter fiscal 2026 results, with top and bottom-line growth in line with the lower end of expectations, driven by strong comparable sales increases at Journeys Group.
Key Takeaways
Genesco Inc. delivered its fifth consecutive quarter of positive comparable sales growth in Q3 FY26, with net sales increasing 3% to $616 million. Diluted EPS was $0.51, and Non-GAAP EPS was $0.79. The Journeys Group showed strong double-digit comparable sales growth, reinforcing its position in the footwear market, despite a pullback in consumer spending in the latter half of the quarter.
Net sales increased 3% to $616 million compared to Q3 FY25.
Comparable sales increased 3%, with stores up 5% and e-commerce representing 23% of retail sales.
GAAP diluted EPS was $0.51, and Non-GAAP diluted EPS was $0.79.
Journeys Group delivered strong double-digit comparable sales growth during the back-to-school season.
Revenue by Segment
Forward Guidance
For Fiscal 2026, Genesco Inc. has revised its outlook, now expecting total sales to be up about 2% and adjusted diluted earnings per share to be around $0.95, reflecting a more cautious view on sales and margin pressure at Schuh.
Positive Outlook
- Anticipates continued top and bottom-line growth compared to Fiscal 2025.
- Journeys Group's strategic plan is expected to drive improved performance.
- Footwear-focused strategy is projected to fuel top-line growth.
- Accelerating profitability is expected over the near- and long-term.
- Sales trends improved during the Black Friday / Cyber Monday period, indicating a positive start to Q4.
Challenges Ahead
- Total sales guidance revised down to up about 2% from 3%-4%.
- Comparable sales guidance revised down to up about 3% from 4%-5%.
- Adjusted diluted EPS guidance lowered to around $0.95 from $1.30-$1.70.
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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