Earnings ·
Genesco raises full-year adjusted EPS guidance to high end of $2.00-$2.40 range as Q3 GAAP diluted EPS hits $0.32
GCOGenesco Inc
Genesco Inc. reported second quarter fiscal 2027 results for the period ended August 1, 2026. Net sales decreased 3% to $530 million, while comparable sales declined 1%. GAAP diluted EPS was $0.32 compared to a loss of ($1.79) in the prior year, driven by $22.5 million in tariff refunds. Adjusted diluted EPS was ($0.83), an improvement from ($1.14) last year. The company raised its full-year adjusted EPS guidance to the high end of the $2.00 to $2.40 range and increased total comparable sales expectations to flat versus prior positive 1% to 2%. Journeys reported 2% comparable sales growth, Johnston & Murphy grew 4%, while Schuh declined 9%. Genesco Inc. operates in the footwear retail industry, selling branded lifestyle footwear through its Journeys, Johnston & Murphy, and other brands.