Genesco Inc. (NYSE: GCO) Q1 2026 Earnings Call | 6/4/2025

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Genesco Inc. (NYSE: GCO) reported Q1 2026 results on June 4, 2025, delivering both top- and bottom-line results that exceeded expectations. Net sales rose 4% year-over-year to $474 million, with comparable sales up 5%, led by an 8% surge at the Journeys brand. Store sales increased 5% and e-commerce sales climbed 7%, now representing 23% of total retail sales. Gross margin came in at 46.7%, down slightly from 47.3% last year, reflecting changes in brand mix and increased promotional activity, particularly at Schuh. Selling and administrative expenses improved, leveraging 170 basis points year-over-year, as cost controls and store optimization initiatives took effect. The company reported a GAAP operating loss of $28.1 million (5.9% of sales), an improvement from last year’s $32.1 million loss. GAAP EPS was $(2.02) and non-GAAP EPS was $(2.05), both narrowing from $(2.22) and $(2.10) a year ago. Journeys was the standout performer, with comparable sales up 8%, while Schuh and Genesco Brands saw modest gains and Johnston & Murphy declined 3%. Genesco repurchased 604,531 shares for $12.6 million during the quarter and ended Q1 with $21.7 million in cash and $121 million in debt, as inventory rose 15% to meet Journeys demand. Management reaffirmed full-year fiscal 2026 guidance, expecting adjusted diluted EPS of $1.30–$1.70 and total sales growth of 1–2%, including the impact of current tariffs. CEO Mimi Vaughn cited the company’s strong strategic positioning and adaptability as key to navigating ongoing consumer and tariff uncertainty. Outlook: FY26 adjusted EPS: $1.30–$1.70 (including tariff impact) FY26 sales growth: 1–2% Focus on cost discipline, digital growth, and market share gains #Genesco #GCO #EarningsCall #Q12026 #Journeys #RetailStocks #Footwear #StockMarket #Investing #InsideTicker