Apparel and footwear retailer Genesco Q2 sales beat analyst expectations

Genesco

28/08/2025 11:59

Overview

Genesco fiscal Q2 sales rise 4%, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q2 beats consensus, despite tariff and promotional pressures

Co raises full-year sales outlook, indicating confidence in continued growth

Outlook

Genesco raises full-year 2026 sales outlook to 3%-4% growth

Company expects 2026 comparable sales to rise 4%-5%

Genesco maintains full-year adjusted EPS guidance of $1.30 to $1.70

Company cites tariffs and UK market as ongoing challenges

Result Drivers

JOURNEYS PERFORMANCE - Journeys Group saw a 9% increase in comparable sales, driving overall sales growth

STRATEGIC FOCUS - Product elevation and enhanced customer experience contributed to positive sales momentum

TARIFF AND PROMOTIONAL PRESSURE - Higher tariffs and a promotional UK market pressured margins, but were offset by increased sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$546 mln
$532.40 mln (3 Analysts)
Q2 Adjusted EPS
Beat
-$1.14
-$1.25 (3 Analysts)
Q2 EPS
-$1.79
Q2 Gross Margin
45.8%
Q2 Adjusted Operating Margin
-2.6%
Q2 Operating Income
-$14.40 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

Wall Street's median 12-month price target for Genesco Inc is $25.00, about 32% below its August 27 closing price of $32.99

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw5NFTwCa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)