Genesco ( (GCO) ) has released its Q1 earnings. Here is a breakdown of the information Genesco presented to its investors.
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Genesco Inc., a Nashville-based company, specializes in retail and lifestyle footwear brands, operating over 1,250 retail stores and e-commerce platforms across the U.S., Canada, and the U.K. In its fiscal 2026 first quarter earnings report, Genesco Inc. exceeded expectations with a 4% increase in net sales to $474 million and a 5% rise in comparable sales, driven by strong performance from its Journeys brand. The company reported a GAAP EPS of ($2.02) and a Non-GAAP EPS of ($2.05), showing improvement from the previous year. Key highlights include a 7% increase in e-commerce sales and a reduction in selling and administrative expenses by 170 basis points. Despite a challenging consumer environment and tariff impacts, Genesco remains confident in its strategic positioning and cost management efforts. Looking ahead, Genesco reiterates its full-year EPS outlook, expecting adjusted diluted earnings per share to range between $1.30 and $1.70, reflecting its resilience and strategic investments in growth initiatives.