GENESCO (GCO) Company Report

GN Store Nord reported DKK 16.782 billion in revenue for 2025, with -1% organic revenue growth (excluding wind-down), and DKK 4.678 billion in Q4 2025 revenue with -2% organic revenue growth (excluding wind-down).
EBITA for 2025 was DKK 1.908 billion with an 11.4% margin, and DKK 627 million for Q4 2025 with a 13.4% margin.
The company generated DKK 1.112 billion in free cash flow excluding M&A for 2025, reducing net interest-bearing debt by DKK 0.8 billion and ending the year with a leverage of 3.8x.
GN Store Nord provided financial guidance for 2026, projecting organic revenue growth of 3% to 7% and an EBITA margin of 11.5% to 13.5%.
The company announced it will not pay out a dividend for the financial year 2025 and has paused share buyback programs to focus on reducing leverage towards a long-term target of 2.0x.

2 days ago

Press Release

GENESCO INC. Amends Credit Agreement, Extends Maturity Date

GCO

Debt Issuance

GENESCO INC. executed a Fourth Amendment to its Fourth Amended and Restated Credit Agreement on January 16, 2026, which extends the maturity date to January 16, 2031.
The amendment includes changes to interest rate benchmarks, replacing the Canadian Dollar Offered Rate with the Canadian Overnight Repo Rate Average ("Term CORRA") and reducing the Term SOFR interest rate for domestic borrowings by removing the credit spread adjustment.
The pricing grid for the Applicable Margin on the revolving credit facility was adjusted, with margins for Term SOFR, Term CORRA, and alternative currency loans ranging from 1.25% to 1.75%, and for domestic prime rate, U.S. index rate, and Canadian prime rate loans ranging from 0.25% to 0.75%.
The company is only required to comply with financial covenants if Excess Availability is less than the greater of $22.5 million or 10% of the loan cap, at which point a minimum fixed charge coverage ratio of 1.0:1.0 is required.

Jan 21, 2026, 9:48 PM

8-K

Genesco Reports Strong Holiday Sales, Updates FY 2025 EPS, and Outlines Strategic Growth Initiatives

GCO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Genesco reported strong holiday results with an overall comparable sales increase of 9% (on top of 10% last year), driven by Journeys' 12% comp and positive comps across all brands. This performance led to an updated FY 2025 EPS estimate of $1.30.
The company's strategic growth plan for Journeys, including the 4.0 store remodels, which are comping up 25%, is a key driver, with plans to roll out 80 remodels by year-end and reach 30-40% of the fleet in the next couple of years.
Genesco expects meaningful earnings growth next year despite anticipated lower sales due to timing gaps in the Genesco Brands Group and Schuh store closures. Long-term targets include operating income of ~$100 million (4% of sales) and $5-$6 EPS.

Jan 12, 2026, 2:30 PM

Transcript

Genesco Reports Strong Holiday Sales and Updates FY 2025 EPS Estimate

GCO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Genesco reported a 9% overall comparable sales increase for the holiday season, with its Journeys brand achieving a 12% comparable sales increase. This strong performance led to an updated FY 2025 EPS estimate of $1.30.
The company's Journeys brand has achieved its sixth consecutive quarter of positive comparable sales, driven by its strategic growth plan focusing on the teen consumer, product elevation, and brand building.
Genesco plans to accelerate the rollout of its Journeys 4.0 store remodels, which are currently performing up 25%, aiming to convert 30-40% of its fleet in the next couple of years.
Looking ahead, Genesco expects to drive meaningful earnings growth, targeting 100 basis points of SG&A leverage over time to reach historical operating income levels of approximately $100 million (4% of sales) and $5-$6 earnings per share.

Jan 12, 2026, 2:30 PM

Transcript

Genesco Reports Strong Holiday Results and Provides Outlook for FY 2025

GCO

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Genesco reported strong holiday results for FY 2025, with an overall comparable sales increase of 9% and Journeys achieving a 12% comp, leading to an updated EPS estimate of $1.30.
Strategic initiatives at Journeys, including the 4.0 store remodel program, are driving significant performance improvements, with remodeled stores showing a 25% increase in comparable sales. The company plans to expand the 4.0 format to 30%-40% of its fleet in the next couple of years.
Despite anticipated lower sales in the Genesco Brands Group and store optimization efforts for schuh, Genesco expects to recapture margin and drive meaningful earnings growth in the upcoming year.
The company projects that continued strategy implementation could lead to historical operating income levels of approximately $100 million (4% of sales) and earnings per share of $5-$6 over time.

Jan 12, 2026, 2:30 PM

Transcript

Genesco Reports Q4-to-Date Comparable Sales and Updates Fiscal 2026 EPS Guidance

GCO

Guidance Update

Revenue Acceleration/Inflection

Genesco Inc. reported that comparable sales for the fourth fiscal quarter-to-date period, ended December 27, 2025, increased 9% year-over-year.
During this period, same store sales rose 10%, and comparable e-commerce sales increased 9%.
The Journeys Group achieved a 12% comparable sales increase, the Schuh Group saw a 6% increase, and the Johnston & Murphy Group recorded a 1% increase.
Based on its strong holiday performance, Genesco now expects full year adjusted earnings for Fiscal 2026 to be at least $1.30 per share.

Jan 12, 2026, 2:15 PM

8-K

Genesco Reports Strong Quarter-to-Date Comparable Sales and Raises Fiscal 2026 EPS Guidance

GCO

Guidance Update

Revenue Acceleration/Inflection

Genesco announced that comparable sales, including both stores and direct sales, increased 9% for the quarter-to-date period ended December 27, 2025, with the Journeys Group leading with a 12% increase.
Based on strong holiday performance, the company now expects its fiscal 2026 adjusted earnings per share to be at least $1.30, a meaningful improvement from its previous outlook.
The Schuh Group's sales were above expectations but were driven by increased discounting, leading to additional margin pressure over the remainder of the fourth quarter.

Jan 12, 2026, 11:50 AM

Press Release

Genesco Discusses Q3 Performance, Strategic Initiatives, and Market Headwinds

GCO

Guidance Update

Revenue Acceleration/Inflection

Demand Weakening

Genesco's Journeys business achieved a 6% comparable sales growth in Q3, with over 50% growth in operating income, driven by strong back-to-school demand and a focus on premium product and new brands like Nike.
The company is rolling out a Journeys 4.0 store concept, with remodeled stores experiencing over 25% pickup in sales, increased traffic, and higher conversion, and plans to refresh 80 stores by year-end.
Schuh in the UK is navigating a more promotional and less robust consumer environment, which led to an adjustment in annual guidance and impacted margins. The company intends to implement strategies similar to those used for Journeys to improve Schuh's positioning.
Tariffs acted as a headwind in Q3, primarily impacting Genesco's branded businesses, and are expected to contribute to 100 basis points of margin compression for the year.
Johnston & Murphy is evolving into a lifestyle brand with 50% non-footwear offerings and recently launched a successful marketing campaign with Peyton Manning, generating 84 million impressions and boosting store traffic.

Dec 11, 2025, 3:30 PM

Transcript

Genesco Discusses Consumer Trends, Journeys' Growth, and Schuh's Challenges

GCO

Guidance Update

Demand Weakening

New Projects/Investments

Genesco (GCO) reported a "peaks and troughs" consumer environment, with strong demand during shopping seasons, notably a record back-to-school for Journeys with double-digit comparable sales.
Journeys achieved 6% comparable sales growth and over 50% growth in operating income in Q3. Strategic initiatives include targeting the underserved teen girl, expanding brand assortments with new brands like Nike , and 4.0 store remodels which have shown 25%+ sales pickup and attracted new customers.
The company adjusted its annual guidance due to a more promotional environment in the UK for Schuh, driven by less robust consumer demand and competitive pressure.
Tariffs were a headwind, primarily for branded businesses, contributing to an expected 100 basis points of margin compression for the year, with 50 basis points attributed to Genesco Brands Group and tariffs.
Management highlighted the significant upside potential due to the leverage in their business model, where small improvements can lead to substantial earnings per share (EPS) results.

Dec 11, 2025, 3:30 PM

Transcript

Genesco Discusses Q3 Performance, Brand Strategies, and Outlook at KeyBanc Conference

GCO

Guidance Update

Demand Weakening

New Projects/Investments

Journeys achieved a 6% comparable sales growth in the third quarter, with over 50% growth in operating income, driven by a record back-to-school season and strategic initiatives. These initiatives include expanding its target market, introducing new brands like Nike (launched November 12th), increasing brand awareness, and rolling out 80 4.0 store remodels by year-end, which have shown a 25%+ pickup in sales in remodeled locations.
The Schuh business in the U.K. is experiencing a less robust consumer environment and increased promotional activity, which contributed to adjusted annual guidance. Genesco plans to address these headwinds by applying similar strategies that proved successful for Journeys, focusing on marketing, brand relationships, and inventory management.
Johnston & Murphy is repositioning as a lifestyle brand, incorporating technology into its products, and launched a collaboration with Peyton Manning in October, which generated 84 million impressions and led to increased brand awareness and foot traffic.
Genesco expects 100 basis points of margin compression this year, with 50 basis points attributed to tariffs and Genesco Brands Group, and 40 basis points to promotional issues at Schuh. However, the company sees significant earnings potential from small improvements across its businesses due to the leverage in its operating model.