Genesco Inc. Q1 Results: Net Sales Up 4%, Comparable Sales Rise 5%, GAAP EPS Improves to ($2.02) from ($2.22) Last Year

Reuters
06-04
Genesco Inc. Q1 Results: Net Sales Up 4%, Comparable Sales Rise 5%, GAAP EPS Improves to ($2.02) from ($2.22) Last Year

Genesco Inc. reported a 4% increase in net sales for the first quarter of fiscal 2026, totaling $474 million compared to the same period last year. The company's comparable sales rose by 5%, with a notable 8% increase driven by the Journeys brand. E-commerce sales accounted for 23% of retail sales, demonstrating a 7% increase. Selling and administrative expenses improved by 170 basis points from the previous year. Genesco's GAAP earnings per share $(EPS)$ was reported at ($2.02), an improvement from last year's ($2.22). The company reiterated its full-year adjusted EPS guidance, projecting a range of $1.30 to $1.70, including the impact of current tariffs. The company highlighted its strategic efforts to accelerate growth and enhance market share, alongside initiatives to optimize its cost structure and store operations, contributing to improved operating income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genesco Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250603347779) on June 04, 2025, and is solely responsible for the information contained therein.

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