Genesco Inc. reported third quarter results for the three months ended November 1, 2025.
Net sales increased by 3% compared to the same quarter last year, reaching $616 million.
Comparable sales rose by 3%, with stores showing a 5% increase and e-commerce representing 23% of retail sales.
Fifth Consecutive Quarter of Positive Comparable Sales Growth
Demonstrates the success of Genesco's strategic initiatives with consistent growth in comparable sales for five consecutive quarters.
Margin Pressure at Schuh Impacting Full-Year Outlook
Revised outlook with an expected adjusted earnings per share of approximately $0.95 due to margin pressure at Schuh and cautious sales projections.
Focus on Footwear Strategy for Future Growth
Plans to leverage success at Journeys, improve performance at Schuh, and drive top-line growth with enhanced profitability in the near and long-term.
- Sales trends improved during the Black Friday / Cyber Monday period after a pullback in the back half of the third quarter.
- Moderated growth assumptions for other businesses due to lower footwear consumer traffic and spending patterns on non-peak shopping days.
Genesco Inc. shows resilience and growth in the third quarter, leveraging strategic initiatives to drive positive sales results. Despite challenges in specific markets, the company remains optimistic about future growth potential and profitability.