Genesco Q2 net sales +4% to $546M, beats expectations; raises FY sales outlook

GENESCO INC

2026-Q2 EPS reported -$3.82 revenue$1,019,938,000

Q2 GAAP EPS ($1.79) vs ($0.91) last year; Non-GAAP EPS ($1.14) vs ($0.83); operating loss $14.4M.
Comparable sales +4% (stores +5%, e-commerce +1%); Journeys comp +9% for 4th consecutive positive quarter.
Raises FY26 sales guidance: total sales now +3-4% (prior +1-2%), comps +4-5% (prior +2-3%).
Reiterates adjusted EPS guidance $1.30-$1.70; gross margin -100bps to 45.8% due to tariffs and promotions.
Back-to-school off to strong start in Q3 with Journeys comping positive; inventory up 11% YoY.

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