Genesco

Genesco presented a growth plan centered on footwear, store rollouts and margin improvement at the Goldman Sachs retail conference. Journeys delivered eight consecutive quarters of positive same-store sales and is driving expansion with the 4.0 store format, which achieves about a 25% performance uplift; the digital business has also doubled. The company is targeting a 4% operating margin, sees risks for the second half of 2026 due to high gasoline costs but expects improvement in 2027; it also plans $40–50 million of structural cost savings by 2029 and is prioritizing further store openings, technology investments and buybacks. » Más en de.investing.com

Genesco reported Q2 revenue down 3% to $530 million while cutting its adjusted operating loss to $8 million and raising full-year earnings guidance to the top of the range. Journeys delivered its eighth consecutive positive comp quarter and its 4.0 store format is boosting sales significantly, while Johnston & Murphy posted its third straight positive comp. Drag came from Schuh in the UK, where comps fell 9% after management reduced discounting; companywide inventory rose and sales are now expected to decline about 2% for the year with Q3 comps seen down 4–4.5%. » Más en finance.yahoo.com

Genesco delivered Q2 results above expectations despite lower sales, citing gross margin recapture and disciplined expense management. Journeys posted its eighth consecutive quarter of positive comps and the company plans to accelerate Journeys 4.0 to about 180 stores by year-end, while Schuh faces ongoing sales pressure from reduced discounting and a promotional UK market. Management raised full-year EPS guidance toward the high end of $2.00–$2.40, expects up to $20 million in fiscal 2027 structural savings as part of a $40–$50 million multi-year program, and repurchased roughly 3% of shares year-to-date; inventory rose 8% to support Journeys growth. » Más en finance.yahoo.com