Genesco FY26 sales rise 5% as Journeys drives growth

For the 4th fourth (Q4), comparable income roseate by 9%, contributing to a 6% summation for the afloat fiscal year.

This maturation included a 6% emergence successful same-store income and a 4% summation successful e-commerce comparable sales.

Genesco Board chair, president and main enforcement serviceman Mimi E. Vaughn said: "We are precise pleased to adjacent retired Fiscal 2026 with different 4th of beardown performance, highlighted by our sixth consecutive 4th of affirmative comparable income growth, demonstrating the sustainability of our momentum, combined with a meaningful summation successful profitability.”

Genesco’s FY26 wide performance

During the fiscal twelvemonth ended 31 January 2026, Genesco generated $2.4bn successful nett sales, up 5% from $2.3bn successful the erstwhile year. Within its portfolio, Journeys recorded a 7% emergence successful sales, portion Schuh achieved a 4% gain.

Sales for the Johnston & Murphy marque were unchanged year-over-year, portion Genesco Brands reported a 4% decrease.

The yearly gross borderline declined to 46.3% from 47.2%, chiefly owed to accrued promotions astatine Schuh and little margins astatine Genesco Brands pursuing licence exits and ongoing tariff pressures.

Selling and administrative expenses arsenic a percent of income fell to 45.2% from 46.4%, reflecting cost-saving measures specified arsenic reduced occupancy costs and selling salaries.

On a GAAP basis, Genesco reported operating income of $17.3m, up from $13.9m (0.6% of sales) past year, portion adjusted operating income grew to $26.6m from $18.9m successful FY25.

Earnings from continuing operations improved to $13.3m successful FY26, compared to a nonaccomplishment of $19.5m past year.

Vaughn said: "Journeys erstwhile again led the mode with double-digit comp maturation connected apical of treble digits past year, fuelled by an exceptional vacation performance. Our strategical initiatives astir merchandise elevation and lawsuit acquisition proceed to resonate with teens, driving marketplace stock gains and positioning Journeys arsenic the wide destination for style-led footwear. At the aforesaid time, Johnston & Murphy’s comparable income improved successful each successive month, portion Schuh navigated a promotional U.K. situation and exited the twelvemonth with cleanable inventories.”

Q4 performance

In the quarter, nett income of Genesco roseate 7% to $800m, led by a 10% summation astatine Journeys and a 9% summation astatine Schuh.

The company’s gross borderline declined to 45.9% from 46.9%, chiefly owed to accrued promotions astatine Schuh and little margins astatine Genesco Brands tied to tariffs and transmission premix changes.

GAAP net from continuing operations for the 4th fourth were $47.5m, up from $33.6m successful the aforesaid play past year.