Genesco Posts 5% FY26 Sales Growth to $2.4B, Journeys Up 7%
Genesco generated FY26 net sales of $2.4 billion, up 5% from $2.3 billion, led by a 7% rise at Journeys and 4% gain at Schuh. Fourth-quarter comparable sales climbed 9%, with Q4 net sales at $800 million and full-year earnings from continuing operations swinging to a $13.3 million profit from a $19.5 million loss.
1. Full-Year FY26 Results
For the fiscal year ended January 31, 2026, Genesco generated net sales of $2.4 billion, a 5% increase from $2.3 billion a year earlier. The company achieved its sixth consecutive quarter of positive comparable sales growth, with same-store comps up 6% and e-commerce comps rising 4%.
2. Segment Performance
Journeys led portfolio growth with a 7% rise in annual sales, while Schuh sales increased 4%. Johnston & Murphy sales were flat year-over-year, and Genesco Brands saw a 4% decline influenced by license exits and tariff impacts.
3. Profitability and Margins
Gross margin for the year fell to 46.3% from 47.2%, driven by increased promotions at Schuh and lower margin mix at Genesco Brands. Selling and administrative expenses declined to 45.2% of sales from 46.4%, contributing to GAAP operating income growing to $17.3 million from $13.9 million and adjusted operating income rising to $26.6 million.
4. Q4 Highlights
In Q4, net sales rose 7% to $800 million, led by a 10% increase at Journeys and 9% at Schuh. Fourth-quarter gross margin narrowed to 45.9% from 46.9% due to promotional activity and channel mix, while GAAP earnings from continuing operations climbed to $47.5 million from $33.6 million.