The earnings call reflects a cautiously optimistic outlook. While there are significant positives such as robust sales growth, especially in the Journeys segment, and effective cost management, challenges remain in the form of a choppy consumer environment, tariff uncertainties, and margin pressures. The company is implementing strategic initiatives to navigate these challenges and capitalize on growth opportunities.

Company Guidance -

Q2 2026

During the Genesco First Quarter Fiscal 2026 Conference Call, the company provided guidance that included several metrics. First quarter sales increased by 5%, surpassing expectations and outpacing the industry, with strong performance from Journeys, which saw an 8% comparable sales increase. All channels posted positive growth, with store sales up mid-single digits, online sales up high-single digits, and wholesale channel growth at 5%. Operating expenses leveraged by 170 basis points, and operating income and EPS improved year-over-year, with EPS potentially $0.05 higher without share buybacks. The full-year EPS guidance range was reiterated at $1.30 to $1.70, despite uncertainties like tariffs, which could result in unmitigated cost increases of roughly $15 million. The company plans a strategic approach with mitigation efforts, including accelerating inventory management and diversifying sourcing. Additionally, the company expects second-quarter operations to reflect some challenges, but anticipates leveraging key shopping periods in the second half of the year to drive growth.

Strong Sales Growth

First quarter sales growth outpaced the industry with an overall 5% comparable sales increase, led by strong Journeys results with an 8% increase in comps.

Positive Operating Income and EPS Improvement

Operating income and EPS improved year-over-year due to higher sales and better expense management. Operating expense leveraged 170 basis points.

Journeys Transformation Success

New leadership and strategic growth plans led to a significant improvement in Journeys' performance, with a focus on product assortment and premium athletic brands.

Effective Cost Management

SG&A expense was 52.5% of sales, 170 basis points better than the prior year, driven by reduced occupancy and bonus expenses, along with cost savings initiatives.

Store Optimization and Remodel Success

The new 4.0 store design delivered strong results with a sales lift of more than 25%, and 39 stores have been remodeled since the program started.

Genesco (GCO) Earnings, Revenues Date & History

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GCO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2026 (Q2)	-1.25 / -	-0.83	―	―	―
Jun 04, 2025	2026 (Q1)	-2.09 / -2.05	-2.1	2.38% (+0.05)
Mar 07, 2025	2025 (Q4)	3.31 / 3.26	2.59	25.87% (+0.67)
Dec 06, 2024	2025 (Q3)	0.29 / 0.61	0.57	7.02% (+0.04)
Sep 06, 2024	2025 (Q2)	-1.11 / -0.83	-0.85	2.35% (+0.02)
May 31, 2024	2025 (Q1)	-2.66 / -2.10	-1.59	-32.08% (-0.51)
Mar 08, 2024	2024 (Q4)	2.97 / 2.59	3.06	-15.36% (-0.47)
Dec 01, 2023	2024 (Q3)	1.66 / 0.57	1.65	-65.45% (-1.08)
Aug 31, 2023	2024 (Q2)	-1.23 / -0.85	0.59	-244.07% (-1.44)
May 25, 2023	2024 (Q1)	-1.10 / -1.59	0.44	-461.36% (-2.03)

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.