Genesco reports Q1 non-GAAP EPS ($2.05) vs. ($2.10) last year

Reports Q1 revenue $474M vs. $458M last year. Cash as of May 3, was $21.7M, compared with $19.2M as of May 4, 2024. Mimi E. Vaughn, Genesco’s (GCO) Board Chair, President and CEO, said, “Following the significant momentum in last year’s back half, we are pleased with our start to FY26 with both sales and profitability coming in above our expectations. Our Q1 performance was highlighted by our third consecutive quarter of positive comparable sales increases, with results once again driven by Journeys, as our strategic plan to accelerate growth and increase market share continues to gain traction. At the same time, the work we’ve done realigning our cost structure including our ongoing store optimization initiatives, helped drive a nice year-over-year improvement in operating income.”