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.

Genesco Inc. announced that Parag D. Desai will transition from full-time employment to part-time status effective August 7, 2026, ceasing his role as an executive officer while retaining the title of Senior Vice President and Chief Strategy and Digital Officer during a transition period ending October 31, 2026. Mr. Desai will receive $10,000 per month for up to 32 hours of work monthly and remain eligible for a target bonus of $338,000 under the Fiscal 2027 Short-Term Incentive Plan with objectives deemed fully achieved as of August 7, 2026. His outstanding performance share units will receive retirement treatment without being treated as a termination event. Following his retirement on October 31, 2026, Mr. Desai will provide consulting services at $2,400 per day through January 31, 2027. Genesco Inc. operates in the footwear retail industry, offering branded lifestyle and fashion footwear through more than 1,200 retail stores and e-commerce websites.

Genesco Inc. announced the appointment of Jonathan Collins as Senior Vice President, Finance and Chief Financial Officer, effective August 3, 2026. Mr. Collins, a former Walmart Inc. executive, former Chief Financial Officer of America's Car-Mart, Inc., and a CPA, holds multiple degrees and holds a target compensation package of target $1,787,500. Mimi E. Vaughn, the current Interim CFO, Interim CFO role will end on the effectiveness date. Genesco Inc. operates in the fashion and lifestyle retail sector.