Genesco Q2 FY27 EPS returns to profit at $0.32; net sales fall 3% to $530 million
GCO•Brand performance and updated outlook
Journeys comparable sales increased 2% for an eighth straight quarter of positive total comps; Johnston & Murphy comps rose 4%.
Adjusted EPS guidance was lifted to the high end of $2.00 to $2.40; comparable sales outlook cut to flat, implying total sales down about 2%.
Quarterly results return to profitability
Genesco posted GAAP net earnings of $3.48 million, swinging from a year-ago GAAP loss; GAAP EPS was $0.32.
Net sales fell 3% to $530 million from a year earlier; comparable sales slipped 1% with stores up 1% and e-commerce down 6%.
Gross margin rose 560 basis points to 51.4% on tariff refunds; operating income turned positive at $3.6 million.
