Genesco reports Q2 decline
US-based footwear retailing group Genesco has reported second-quarter fiscal 2027 sales of $530 million (€452 million), down 3% year on year, while comparable sales decreased 1%.
Sales at Journeys were flat and increased 5% at Johnston & Murphy, partially offset by a 10% decline at Schuh and a 21% decrease at Genesco Brands.
Adjusted gross margin improved to 47.2%, while adjusted operating loss narrowed to $8.3 million (€7.1 million), compared with $14.3 million (€12.2 million) a year earlier. The company also received $22.5 million (€19.2 million) in tariff refunds during the quarter.
Genesco raised its full-year adjusted EPS outlook to the high end of its $2.00-$2.40 range, although it now expects comparable sales to be flat and total sales to decline by approximately 2%.
