US-based footwear retailer Genesco reported higher fourth-quarter (Q4) sales and profit for the period ended 31 January 2026, supported by stronger comparable sales and performance at Journeys and Schuh banners.
Fourth-quarter net sales rose 7% to $799.9m in fiscal 2026.
Net earnings increased to $47.6m from $34.3m a year earlier while diluted earnings per share (EPS) rose to $4.43 from $3.06.
Operating income grew 11% to $51.3m.
The increase in revenue reflected a 9% rise in comparable sales, including a 9% gain in same-store sales and an 8% increase in e-commerce comparable sales, alongside favourable foreign exchange effects.
Decreased wholesale sales and the impact of net store closures partly offset the growth.
Journeys sales increased 10% in the quarter while Schuh posted a 9% rise and Johnston & Murphy recorded a 2% gain.
These gains were partly offset by a 27% decline, or $10m, at Genesco Brands. On a constant currency basis, Schuh sales increased 3%.
E-commerce represented 31% of retail sales, compared with 30% a year earlier.
During the quarter, the company opened six stores and closed 15, ending with 1,236 stores versus 1,278 in the prior year.
For fiscal 2026, net sales increased 5% to $2.43bn, while comparable sales rose 6%.
The company reported net earnings of $13.3m, compared with a net loss of $18.8m in fiscal 2025, with operating income rising 24% to $17.3m.
Genesco board chair, president and CEO Mimi E Vaughn said: “Journeys once again led the way with double-digit comp growth on top of double digits last year, fuelled by an exceptional holiday performance.
“At the same time, Johnston & Murphy’s comparable sales improved in each successive month while Schuh navigated a promotional UK environment and exited the year with clean inventories.”
For fiscal 2027, Genesco expects comparable sales growth of 1% to 2%, with total sales projected to range from down 1% to flat year-on-year.
Adjusted diluted earnings per share are forecast at $1.90 to $2.30.
“Genesco reports higher Q4 sales and profit on Journeys growth” was originally created and published by Retail Insight Network, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
