Genesco
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Genesco (GCO) investor relations material

Genesco Q4 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2026 earnings summary6 Mar, 2026

Executive summary

  • Achieved sixth consecutive quarter of positive comparable sales growth, with Q4 comparable sales up 9% and Journeys leading with 12% comp growth; full-year comp growth was 6% overall and 9% at Journeys.

  • Q4 net sales rose 7% year-over-year to $800 million; full-year net sales increased 5% to $2.4 billion.

  • E-commerce accounted for 31% of Q4 retail sales and 25% for the full year, reflecting strong digital growth.

  • Exited the year with momentum, clean inventories, and a focus on evolving strategies for fiscal 2027.

  • Operating income increased 11% in Q4 and 24% for the full year, reflecting improved profitability.

Financial highlights

  • Q4 revenue grew 7% year-over-year to $800 million; comparable sales up 9%.

  • Q4 GAAP EPS was $4.43, non-GAAP EPS $3.74 (up 15% YoY); full-year GAAP EPS was $1.25, non-GAAP EPS $1.45 (up 54% YoY).

  • Q4 adjusted operating income was $56 million, up 17% YoY; full-year adjusted operating income was $26.6 million.

  • Q4 gross margin was 45.9% (down 100 bps YoY); adjusted gross margin was 46.0% (down 90 bps).

  • SG&A expense leveraged 140 basis points YoY to 39.1% of sales.

Outlook and guidance

  • Fiscal 2027 comparable sales expected to increase 1%-2%; total sales projected flat to down 1% due to store closures and license exits.

  • Gross margin to improve 50-60 bps, mainly from Schuh margin recovery and lapping liquidation at Genesco Brands.

  • Adjusted operating income guidance: $32M-$38M; adjusted EPS: $1.90-$2.30.

  • Capital expenditures planned at $65M-$70M, focused on Journeys remodels and new stores; 90% allocated to stores.

  • No share repurchases assumed in guidance; average share count ~10.9 million; tax rate guidance at 30%.

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Frequently asked questions

Genesco Inc. is an old-fashioned shoe and boot maker that operates as a retailer and wholesaler of footwear, apparel, and accessories. The company sells fashion-oriented shoes under a range of brand names, including Johnston & Murphy, Dockers, Nautica Footwear, Laredo Western Boots, and Old Friend Footwear! It also licenses and markets its brands to foreign companies. Genesco sells its merchandise under various names through more than 2,500 retail stores in the US and Canada. Genesco Inc. was incorporated in 1924 and is headquartered in Nashville, Tennessee.

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