earnings
confidence high
sentiment positive
materiality 0.70
Genesco Q1 sales +4% YoY, comparable sales +5%; loss narrows; reiterates FY adj EPS $1.30-$1.70
GENESCO INC
2026-Q1 EPS
reported -$2.02
vs consensus $3.62
▼ miss
(-155.8%)
- Net sales $474M (+4% YoY); comparable sales +5% with Journeys +8%, Schuh +1%, J&MG -2%.
- GAAP EPS ($2.02) vs ($2.22) last year; Non-GAAP EPS ($2.05) vs ($2.10); operating loss narrowed.
- SG&A leveraged 170 bps; gross margin 46.7% adjusted vs 47.6% prior year.
- FY2026 guidance: adj EPS $1.30-$1.70 reaffirmed; total sales growth raised to +1-2% (prior flat to +1%).
- Repurchased 604,531 shares for $12.6M; ended quarter with 1,256 stores (net -26).
item 2.02item 9.01