Genesco reports Q1 sales beat, raises FY2027 EPS outlook; launches $40-50M cost program

GENESCO INC

Net sales of $487M rose 3% YoY; comparable sales increased 2% with 3% same-store growth.
Journeys comparable sales +5%, Johnston & Murphy +7%; Schuh declined 9% due to promotion pullback.
GAAP operating loss improved to $15.4M from $28.1M; adjusted EPS loss of $2.18 per share.
Full-year adjusted EPS guidance raised to $2.00-$2.40 from prior $1.90-$2.30.
Company announces new cost reduction program targeting $40-$50M in savings by fiscal 2029.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENESCO INC updated its three months ended May 2, 2026 guidance (raised).

Period: three months ended May 2, 2026
Guidance: raised
Result: reported results

Exact text from the filing

On May 29, 2026, Genesco Inc. issued a press release announcing results of operations for the first fiscal quarter ended May 2, 2026.

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Source: SEC EDGAR

accession 0001193125-26-246280

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