The earnings call highlighted Genesco's strong sales growth and effective cost management, particularly with Journeys' continued market share gains and successful store remodels. However, challenges persist with tariff impacts, declining comps at Johnston & Murphy, and inventory-related cash flow issues. Despite these challenges, the company remains optimistic about its strategic initiatives and growth prospects.
Company Guidance
During the Genesco First Quarter Fiscal 2026 Conference Call, management provided optimistic guidance based on strong performance in the first quarter, with sales and operating income exceeding expectations. Comparable sales increased by 5%, driven by an 8% rise in Journeys' comps, contributing to an adjusted earnings per share (EPS) improvement over the previous year. The company emphasized its strategic focus on enhancing product assortments, resulting in increased average selling prices, particularly in athletic footwear. Despite ongoing challenges in the consumer environment and uncertainties surrounding tariffs, Genesco maintained its full-year EPS guidance of $1.30 to $1.70, projecting a 1% to 2% increase in total sales and a 2% to 3% rise in comp sales. The call highlighted efforts to mitigate tariff impacts through strategic sourcing and price adjustments, with a commitment to maintaining gross margins. Additionally, the company discussed initiatives such as store remodels and marketing investments aimed at strengthening brand positioning and driving future growth.
Strong Sales and Operating Income
First quarter sales growth outpaced the industry with a 5% comparable sales increase, led by strong Journeys results. Operating income and EPS improved year-over-year due to higher sales and better expense management.
Journeys Performance and Market Share Gain
Journeys comps increased by 8%, marking the third consecutive quarter of strong performance and market share gain. The brand's strategic plan to accelerate growth continues to show momentum.
Successful Cost Management
Operating expenses were leveraged by 170 basis points due to ongoing cost reduction efforts. The company plans to continue optimizing its cost structure.
Store Remodel Success
The new 4.0 store design has driven a sales lift of more than 25%. The company plans to remodel over 75 stores by year-end, aiming to enhance customer experience.
Genesco (GCO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GCO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jun 04, 2025
$22.35
$22.29
-0.27%
Mar 07, 2025
$32.40
$27.11
-16.33%
Dec 06, 2024
$37.41
$40.95
+9.46%
Sep 06, 2024
$29.50
$25.97
-11.97%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Genesco Inc. (GCO) report earnings?
Genesco Inc. (GCO) is schdueled to report earning on Nov 28, 2025, Before Open (Confirmed).
What is Genesco Inc. (GCO) earnings time?
Genesco Inc. (GCO) earnings time is at Nov 28, 2025, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.