Footwear retailer Genesco's Q3 revenue slightly misses on consumer spending pullback

Genesco

04/12/2025 12:00

Overview

Genesco fiscal Q3 2026 rev grows 3% to $616 mln, slightly missing analyst expectations

Adjusted EPS for fiscal Q3 misses consensus, reported at $0.79

Company revises full-year outlook downward due to margin pressures at Schuh

Outlook

Genesco revises full-year sales growth to about 2%, down from 3% to 4%

Company lowers full-year adjusted EPS guidance to $0.95 from $1.30-$1.70

Guidance assumes no further share repurchases and a 34% tax rate

Result Drivers

JOURNEYS PERFORMANCE - Journeys segment delivered strong double-digit comp growth during back-to-school season, reinforcing strategic initiatives

SCHUH MARGIN PRESSURE - Margin pressures at Schuh due to difficult UK market conditions led to revised full-year outlook

CONSUMER SPENDING PULLBACK - Genesco experienced a meaningful pullback in consumer spending post back-to-school season

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Slight Miss*
$616 mln
$618.62 mln (3 Analysts)
Q3 Adjusted EPS
Miss
$0.79
$0.88 (3 Analysts)
Q3 EPS
$0.51


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $31.00, about 12.1% below its December 3 closing price of $35.25

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBwSfWQVa

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(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.)