Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh ...
Genesco Inc. is a Nashville, Tennessee-based specialty retailer and wholesaler of footwear, apparel, and accessories. Incorporated in 1934, the company has a rich history dating back to 1924 when it was founded as Jarman Shoe Company. Genesco operates through four primary segments: Journeys Group, Schuh Group, Johnston & Murphy Group, ...Genesco Inc. is a Nashville, Tennessee-based specialty retailer and wholesaler of footwear, apparel, and accessories. Incorporated in 1934, the company has a rich history dating back to 1924 when it was founded as Jarman Shoe Company. Genesco operates through four primary segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands Group. The Journeys Group offers footwear and accessories for young men, women, and children through retail chains like Journeys, Journeys Kidz, and Little Burgundy, as well as e-commerce. The Schuh Group operates Schuh retail footwear stores in the UK and Ireland, selling casual and athletic footwear online and in-store. Johnston & Murphy Group focuses on men's footwear, apparel, and accessories through retail, e-commerce, and wholesale. Genesco Brands Group markets footwear under licensed brands such as Levi's, Dockers, and others. The company serves customers through multiple e-commerce platforms including journeys.com, schuh.co.uk, johnstonmurphy.com, and others. With over 1,400 stores across the US, Canada, UK, and Republic of Ireland, Genesco employs approximately 16,000 people. Financially, the company reported net sales of $2.4 billion in fiscal 2023, with digital revenue accounting for 25% of retail sales. Key financial metrics include a market cap of around $422 million, a beta of 1.83, and a trailing PE ratio of about 19.8. The company has a gross profit margin of 46.3%, and its debt-to-equity ratio is 1.04. Led by CEO Mimi E. Vaughn, who also serves as Board Chair, Genesco emphasizes omnichannel capabilities and a diversified brand portfolio to drive growth and customer engagement. The company's long-term vision focuses on becoming the leading footwear company by leveraging its distinct brands and digital innovation.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.4B
+4.8%
+8.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$13.3M
+170.2%
+200.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+46.3%
-1.9%
+9.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+1.0%
+41.2%
+151.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+0.5%
+167.0%
+191.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$83.7M
+79.0%
-152.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+3.4%
+70.9%
-148.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
91.9%
+3.7%
+13.3%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.64x
+2.5%
+11.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, everyone, and welcome to Genesco Second Quarter Fiscal 27 Conference Call. Just a reminder, today's call is being recorded. I will now turn the call over to Darryl MacQuarrie, Senior Director of FP and A and Investor Relations. Please go ahead, sir.
Darryl MacQuarrie: Good morning, everyone, and thank you for joining us to discuss our second quarter fiscal 27 results. During today's call, participants expect to make forward looking statements that reflect our expectations as of today. And actual results could differ materially. Genesco refers you to this morning's earnings release and the company's SEC filings, including its most recent 10 ks and 10 Q filings, for some of the factors that could cause actual results to differ the expectations reflected in the forward looking statements made today. We also expect to refer to certain adjusted financial measures during the call. All non GAAP financial measures are reconciled to their GAAP counterparts in the attachments to this morning's press release and in the schedules available on the company's website in the Quarterly Results section. Have also posted a presentation summarizing our results there as well. With me on the call today is Mimi Eckel Vaughn, board chair, president, and chief executive officer. And Jonathan Collins, Senior Vice President, Finance and Chief Financial Officer. Now I would like to turn the call over to Mimi.
Mimi Eckel Vaughn: Thanks, Darryl. Good morning, everyone, and thank you for joining our second quarter fiscal 27 earnings call. Before I get into our results and progress on strategy and initiatives, I would like to start by welcoming Jonathan Collins, who joined Genesco in early August as our Chief Financial Officer. Jonathan brings more than 30 years of exceptional financial experience. His senior leadership roles in major global retail and e commerce businesses include CFO of Walmart Africa and CAO of India's Flipkart Group, and he was most recently chief financial officer of America's Car Mart. Jonathan's public company leadership multichannel retail experience and capital markets expertise make him a strong fit for Genesco as we continue executing our footwear first strategy and generating shareholder value. I am confident he will be an excellent partner to me, our leadership team, and the board as we drive our next phase of growth. Welcome, Jonathan. Jonathan's arrival along with our appointment of Tomas Petersson as president of Schuh, following Colin Temple's retirement, which I will touch on in more detail shortly, reflect our strong belief in the direction we are headed and our determination to keep accelerating our progress. Turning now to Q2, I am very pleased to report that we delivered bottom line results that were significantly better than last year and well ahead of our expectations with every business achieving gains versus plan. The quarter once again highlights that our strategy is working and our momentum is building. We have …