From Yahoo Finance: 2025-06-04 10:41:00

Genesco Inc. reported mixed first-quarter 2026 results, with an adjusted loss per share of $2.05, missing estimates. Quarterly sales of $473.973 million increased 4% year over year. Net sales were driven by increases at Journeys, Schuh, and Genesco Brands, offset by a decline at Johnston & Murphy. Comparable sales rose 5%.

The first quarter’s gross margin fell to 46.7% from 47.6% due to brand mix shifts at Journeys and Schuh. Genesco reported a GAAP operating loss of $28.1 million, down from $32.1 million a year ago. The company held $21.7 million in cash as of May 3, 2025, with total debt rising to $121 million.

Genesco repurchased 604,531 shares for $12.6 million during the quarter. Capital expenditures totaled $19 million, with the company opening four new stores and closing 26. Genesco reaffirmed its full-year adjusted EPS guidance of $1.30 to $1.70, factoring in tariffs. The company expects adjusted diluted EPS between $1.30 and $1.70 for fiscal 2026.

Total sales are projected to rise 1%–2% due to favorable foreign exchange. Comparable sales outlook narrowed to up 2% to 3%. GCO shares are trading higher by 1.39% to $22.66. Genesco acknowledges the impact of tariffs but stands by its guidance.

Read more: Genesco Acknowledges ‘More Pronounced’ Tariff Impact, Stands By Guidance