Genesco Inc., parent of the Journeys, Schuh and Johnston & Murphy retail brands, is reporting that total comparable sales, including both stores and direct sales, increased 10 percent for the quarter-to-date period ended December 28, 2024.
The company said sales trends at Journeys accelerated somewhat more than than management anticipated following a good start to the holiday season, led by strong full price selling in the weeks leading up to Christmas, culminating in a 14 percetn increase in comp store sales for the eight-week period.
Same-store sales increased 6 percent and sales for the company’s e-commerce businesses increased 20 percent on a comparable basis for the period.
Comparable sales changes for each retail business for the period were as follows:
“Thanks to the incredible efforts and execution of our teams, we are pleased with our overall comparable sales results quarter-to-date which are highlighted by double-digit total comp growth with both stores and digital performing well,” offered Mimi E. Vaughn, Board chair, president and CEO, Genesco Inc. “Total sales for the year will reflect this performance, which triggered additional incentive compensation expense, and an acceleration in store closures as we continue to optimize the fleet.”
Vaughn added that based on the performance and the increased efforts to close more stores in the fourth quarter, they were reaffirming prior expectation for full year EPS to be in the range of 80 cents to $1.00 per share.
“Looking ahead to fiscal 2026, we are excited to build on our recent progress elevating the Journeys business and continue our work driving growth and improved profitability across the company,” she concluded.
Image courtesy Journeys Group/Genesco, Inc.
