First-quarter earnings topped expectations as sales exceeded plan, led by an 8 percent increase from Journeys Group, while expenses benefited from cost-containment efforts. The performance marked the company’s third consecutive quarter of positive comparable sales gains and guidance was reiterated for the year.
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Genesco Posts Double-Digit Q4 Comp Gain on E-Commerce Boost
A 1 percent net sales increase for the quarter reflects a 10 percent increase in comparable sales, including an 18 percent increase in e-commerce comparable sales and a 6 percent increase in same-store sales.
Genesco Inc. Names First Chief Human Resources Officer
The parent of Journeys, Schuh, Johnston & Murphy said Kyle Polischuk will report to Mimi Vaughn, Genesco’s board chair, president and CEO and serve on Genesco’s executive management committee. Her appointment was effective January 6.
Journeys Parent Genesco, Inc. Ups Guidance on Strong Q4, Nice Start to Q4
For the full year, the parent of Journeys, Schuh and Johnston & Murphy now expects total sales to be down 1 percent to flat compared to Fiscal 2024 versus prior expectations for a total sales decrease of 1 percent to 2 percent.
Genesco Names Sandra Harris as New CFO
Sandra Harris was appointed senior vice president, finance and chief financial officer, effective October 7, 2024. She succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024, to ensure an orderly transition. She joins the company with a strong working background as CFO and in finance leadership roles, including at VF Corp.
EXEC: Genesco CEO and CFO Share Journeys, Schuh and J&M Details from Q2
Although Q2 results were better than expected, the company continues to retain a cautious view and, as such, reiterated its most recent full-year EPS outlook of 60 cents to $1.00 per share. The soft guidance sent shares lower for the day.
EXEC: Genesco CEO Outlines the Journeys Turnaround Plan and Progress
As Journeys’ product advances and other strategic initiatives across the business take hold, Journeys’ parent expects momentum to build into fiscal 2026 but also warned of Q2 and Q3 challenges ahead.
Genesco, Inc. Sees Journeys Slide Continue in Q1 as Schuh and J&M Turn Negative
The parent of Journeys, Schuh and Johnston & Murphy, reported net sales for the first quarter of Fiscal 2025 amounted to $458 million, a 5 percent year-over-year decrease compared to $483 million in the first quarter of Fiscal 2024.
Genesco Inc. Q4 Comps Slip 4 Percent as Journeys Continues to Shrink
The overall 2 percent sales increase for Q4 was reportedly driven by a 6 percent increase at Schuh, a 9 percent gain at Johnston & Murphy and a 24 percent increase at Genesco Brands, partially offset by a decrease of 2 percent at Journeys.
Genesco Cuts Guidance as Journeys, Boots a Drag on Holiday Selling
With fourth quarter sales trending below our expectations, GCO now expects total year adjusted EPS to be in the range of 65 cents to 85 cents compared with the company’s prior view for a range of $1.50 to $2.00.
Genesco Appoints Chris Santaella as Chief Merchant of Journeys Group
Santaella joins Journeys from Foot Locker, where he worked for over three decades in successive roles, most recently as senior vice president and chief merchandising officer for Foot Locker, Kids Foot Locker and Champs Sports.
Journeys a Drag on Genesco Q3 Top-Line; Parent Reduces Guidance
Genesco, Inc. lowered its guidance for the year after October sales weakened, driving a shortfall in third-quarter results. In the quarter, Journey’s same-store and direct sales fell 8 percent.
Genesco Taps Foot Locker Exec as Journeys Group President
Genesco, Inc. appointed Andy Gray as president of the Journeys Group, effective January 3, 2024. He joins the company from Foot Locker, Inc., succeeding Mario Gallione, who announced his retirement plans in August.
Five Below Adds Genesco’s CEO to Board
Five Below, Inc. appointed Mimi Vaughn, currently president, chief executive officer and chair of the Board of Genesco Inc., as an independent member of its Board of Directors.
EXEC: Genesco Shares Surge as CEO Highlights an Improving Picture at Journeys
Board Chair, President and CEO Mimi Vaughn said that thus far in the third quarter, sales trends for the back-to-school season improved a little further with consumers shopping when there is a reason and much closer to need.
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