Genesco reports higher Q4 sales and profit on Journeys growth

US-based footwear retailer Genesco reported higher fourth-quarter (Q4) income and nett for the play ended 31 January 2026, supported by stronger comparable income and show astatine Journeys and Schuh banners.

Fourth-quarter nett income roseate 7% to $799.9m successful fiscal 2026.

Net net accrued to $47.6m from $34.3m a twelvemonth earlier portion diluted net per stock (EPS) roseate to $4.43 from $3.06.

Operating income grew 11% to $51.3m.

The summation successful gross reflected a 9% emergence successful comparable sales, including a 9% summation successful same-store income and an 8% summation successful e-commerce comparable sales, alongside favourable overseas speech effects.

Decreased wholesale income and the interaction of nett store closures partially offset the growth.

Journeys income accrued 10% successful the 4th portion Schuh posted a 9% emergence and Johnston & Murphy recorded a 2% gain.

These gains were partially offset by a 27% decline, oregon $10m, astatine Genesco Brands. On a changeless currency basis, Schuh income accrued 3%.

E-commerce represented 31% of retail sales, compared with 30% a twelvemonth earlier.

During the quarter, the institution opened six stores and closed 15, ending with 1,236 stores versus 1,278 successful the anterior year.

For fiscal 2026, nett income accrued 5% to $2.43bn, portion comparable income roseate 6%.

The institution reported nett net of $13.3m, compared with a nett nonaccomplishment of $18.8m successful fiscal 2025, with operating income rising 24% to $17.3m.

Genesco committee chair, president and CEO Mimi E 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.

“At the aforesaid time, Johnston & Murphy’s comparable income improved successful each successive period portion Schuh navigated a promotional UK situation and exited the twelvemonth with cleanable inventories.”

For fiscal 2027, Genesco expects comparable income maturation of 1% to 2%, with full income projected to scope from down 1% to level year-on-year.

Adjusted diluted net per stock are forecast astatine $1.90 to $2.30.

"Genesco reports higher Q4 income and nett connected Journeys growth" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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