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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.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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