Genesco Q4 Earnings Jump to $4.44 on 7% Sales Growth and 10% Journeys Rise
Genesco's Q4 net earnings rose to $47.6 million, or $4.44 per diluted share, from $34.4 million a year earlier, beating estimates of $3.73 per share. Net sales climbed 7% to $799.9 million, driven by 10% growth at Journeys and 9% comparable sales, sending shares up nearly 20% pre-market.
1. Q4 Financial Results
Genesco reported net earnings of $47.6 million, or $4.44 per diluted share, up from $34.4 million, or $3.13 per share, in the prior year. Net sales increased 7% to $799.9 million, exceeding analyst sales estimates of $777.8 million and earnings forecasts of $3.73 per share.
2. Segment Sales Performance
The holiday period at Journeys delivered a 10% sales increase, while Schuh rose 9% and Johnston & Murphy added 2%. E-commerce comparable sales grew 8%, and favorable foreign exchange contributed to an overall 9% comparable sales gain. Genesco Brands declined 27%, subtracting $10 million from sales.
3. Store Count and Footprint
During the quarter, Genesco opened six stores and closed 15, ending with 1,236 locations versus 1,278 a year ago, a 3% reduction. Total retail square footage declined 2% year-over-year as the company optimized its store portfolio.
4. Fiscal Year 2026 Highlights
For the full fiscal year, net sales reached $2.4 billion, up 5% from $2.3 billion, while net earnings swung to a $13.3 million profit from an $18.9 million loss. Comparable sales rose 6%, including a 4% gain in e-commerce, offsetting the impact of 42 net store closures and lower wholesale volumes.