earnings
confidence high
sentiment positive
materiality 0.80
Genesco Q2 adjusted EPS -$0.83 vs -$1.14, raises FY27 EPS guidance to high end $2.00-$2.40
GENESCO INC
- Net sales $530M, down 3% YoY; comparable sales -1% (stores +1%, e-commerce -6%).
- GAAP EPS $0.32 vs -$1.79; adjusted EPS -$0.83 vs -$1.14; operating income $3.6M vs -$14.4M.
- Journeys comp +2%, Johnston & Murphy +4%, Schuh -9%; total comp -1%.
- Received $22.5M tariff refunds; cost savings program targets $40-50M through FY29.
- Raises FY27 adjusted EPS to high end $2.00-$2.40; comps now flat, sales down ~2%.