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Genesco Inc. (GCO)
NYSE:GCO
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
-2.06Last Year’s EPS
-2.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2025
|% Change Since: -35.40%
|Next Earnings Date:May 22, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong performance in the fourth quarter, driven by the success of the Journeys segment and significant digital growth. However, challenges remain in the Schuh and Johnston and Murphy businesses, along with expected gross margin pressures in the upcoming fiscal year.Company Guidance
During the Genesco Fourth Quarter Fiscal 2025 Conference Call, the company reported several key metrics reflecting robust performance and strategic growth initiatives. The fourth quarter saw revenue increase to $746 million, up approximately 1% despite one less week of sales and a reduced number of stores. Comparable sales grew by 10%, with store sales up 6% and digital sales soaring by 18%. The company achieved an adjusted EPS of $3.26, a $0.67 improvement from last year, despite the impact of the retail calendar's 53rd week. Gross margins expanded by 60 basis points, driven by strong full-price selling and fewer markdowns. For fiscal 2025, comparable sales returned to positive territory, rising 3%, with total sales at the high end of guidance despite more store closures than planned. Digital business grew by double digits, expanding its penetration to 25% and significantly growing membership in loyalty programs to over 10 million members. Looking ahead, Genesco anticipates a 2% to 4% increase in overall comp sales for fiscal 2026, despite a $30 million impact from store closures and a $14 million effect from a weaker pound sterling, with a focus on accelerating Journeys' growth through store remodels and strategic investments.Strong Performance in Fourth Quarter
The company delivered revenue and gross margins that exceeded expectations, with operating profit at the high end of the forecast. Comparable sales increased 10%, with stores up mid-single digits and digital up high teens.
Journeys Segment Success
Journeys' performance outpaced the overall market, with comparable sales accelerating to double digits for the second consecutive quarter. The turnaround was aided by strategic growth initiatives, leading to increased allocations and successful full-price selling.
Digital Business Growth
The digital business grew by double digits, expanding penetration to 25% and effectively doubling in size over the last five years to over half a billion dollars.
Loyalty Program Expansion
Membership in loyalty programs grew, reaching over 10 million members, enhancing data analytics and CRM capabilities.
Store Optimization
64 Journeys store closures were executed to align with shopping patterns, improving productivity and profitability.
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GCO Earnings History
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
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GCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 31, 2024 | $27.30 | $28.50 | +4.40% |
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.
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FAQ
When does Genesco Inc. (GCO) report earnings?
Genesco Inc. (GCO) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Genesco Inc. (GCO) earnings time?
Genesco Inc. (GCO) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GCO EPS forecast?
GCO EPS forecast for the fiscal quarter 2026 (Q1) is -2.06.
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