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Genesco(GCO) - 2025 Q1 - Quarterly Results
2024-05-31 11:06
Exhibit 99.1 GENESCO INC. REPORTS FISCAL 2025 FIRST QUARTER RESULTS Top and Bottom-Line Results Exceed Expectations, Led by Journeys Reaffirms Fiscal 2025 Outlook NASHVILLE, Tenn., May 31, 2024 --- Genesco Inc. (NYSE: GCO) today reported first quarter results for the three months ended May 4, 2024. First Quarter Fiscal 2025 Financial Summary • Total net sales decreased 5%; comparable sales decreased 5% • Comparable e-commerce sales increased 3%; comparable store sales decreased 7% • E-commerce sales represe ...
JOHNSTON & MURPHY UNVEILS NEW LOOK WITH LATEST BRAND CAMPAIGN
Prnewswire· 2024-04-15 13:12
"Through recent consumer research we discovered a unique opportunity to shift perceptions about our brand," said Johnston & Murphy SVP of Marketing and Ecommerce Jason Dasal. "We have made great strides in expanding our product offering into apparel and accessories, developing innovative comfort technology and creating a product line that is relevant for today's customer. With this campaign, we aim to solidify our position in the industry and inspire customers to see us from a fresh perspective." 'Not Your ...
Genesco(GCO) - 2024 Q4 - Annual Report
2024-03-27 15:04
Sales and Store Operations - Journeys Group accounted for 59% of net sales in Fiscal 2024, operating 1,063 stores and closing a net of 67 stores during the year[17][18]. - Schuh Group represented 21% of net sales in Fiscal 2024, operating 122 stores with no closures during the year[19][20]. - Johnston & Murphy Group accounted for 14% of net sales in Fiscal 2024, operating 156 retail shops and closing a net of 2 stores[21][22]. - Genesco Brands Group contributed 6% of net sales in Fiscal 2024, focusing on licensed footwear under brands like Levi's and Dockers[24]. - The company aims to optimize its store footprint, potentially reducing overall square footage and store count while improving productivity[14]. - The business is seasonal, with significant net sales and operating income generated during the fourth quarter[48]. Financial Performance - As of March 2, 2024, the wholesale backlog was approximately $49.0 million, down from $72.7 million as of February 25, 2023[29]. Strategic Initiatives - The company has made strategic acquisitions, including the Schuh Group and Togast, to leverage direct-to-consumer capabilities[15]. - The company anticipates pursuing synergistic acquisitions to drive growth and create shareholder value[14]. Workforce and Employee Engagement - Approximately 18,000 employees were reported as of February 3, 2024, with a workforce primarily consisting of retail-based, customer-facing employees[33]. - Annual employee engagement surveys indicate high participation rates and strong engagement scores, reflecting a commitment to listening to employees[38]. Diversity, Equity, and Inclusion - The company is committed to enhancing its diversity, equity, and inclusion (DEI) efforts, focusing on talent, business practices, and community impact[37]. - The board of directors comprises 67% diverse members as of February 3, 2024, reflecting the company's commitment to expanding board diversity[47]. Sustainability and Social Responsibility - The company is committed to sustainability initiatives and has joined the Leather Working Group to enhance environmental practices in its supply chain[31]. - The company published its inaugural Vendor Code of Conduct policy during Fiscal 2024 to promote responsible sourcing practices in its supply chain[39]. - A comprehensive human rights policy was published in 2021, guided by international standards to ensure integrity and respect in business operations[40]. - Community outreach initiatives support underserved communities, including programs like Cold Feet, Warm Shoes and partnerships with local organizations[46]. Compliance and Security - Significant investments have been made in information security, including hardware-based end-to-end encryption and multifactor authentication protocols[41]. - The company complies with complex regulatory standards such as GDPR and CCPA, ensuring the protection of personal data[44]. - The company is involved in environmental proceedings related to its former facilities, addressing compliance with federal and state regulations[51].
Genesco(GCO) - 2024 Q4 - Earnings Call Transcript
2024-03-08 15:48
Genesco Inc. (NYSE:GCO) Q4 2024 Earnings Conference Call March 8, 2024 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A Mimi Vaughn - Board Chair, President & Chief Executive Officer Tom George - Chief Financial Officer Conference Call Participants Jeff Lick - B. Riley Securities Corey Tarlowe - Jefferies Mitch Kummetz - Seaport Research Operator Good day, everyone, and welcome to the Genesco Fourth Quarter Fiscal 2024 Conference Call. Just a reminder, today's call is being record ...
Genesco(GCO) - 2024 Q4 - Earnings Call Presentation
2024-03-08 13:17
Exhibit 00.0 FOURTH QUARTER FY24 GENESCO Summary Results Safe Harbor Statement ...
Genesco Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Results
Businesswire· 2024-03-08 11:50
NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today reported fourth quarter and full fiscal year results for the three and twelve months ended February 3, 2024. Fourth Quarter Fiscal 2024 Financial Summary Net sales of $739 million this year (14 weeks) increased 2% compared to Q4FY23 (13 weeks) Comps down 4%, with stores down 7% and direct up 5% E-commerce sales represented 27% of retail sales compared to 25% last year GAAP EPS from continuing operations was $1.84 vs. $3.23 last year ...
Genesco(GCO) - 2024 Q4 - Annual Results
2024-03-07 16:00
Exhibit 99.1 GENESCO INC. REPORTS FISCAL 2024 FOURTH QUARTER AND FULL YEAR RESULTS Johnston & Murphy and Schuh Achieved Record Sales in FY24 Journeys Delivered Another Quarter of Sequential Comp Improvement Fourth Quarter E-Commerce Sales Increased 5% NASHVILLE, Tenn., March 8, 2024 --- Genesco Inc. (NYSE: GCO) today reported fourth quarter and full fiscal year results for the three and twelve months ended February 3, 2024. Fourth Quarter Fiscal 2024 Financial Summary • Net sales of $739 million this year ( ...
Genesco to Report Fourth Quarter Fiscal 2024 Results and Hold Conference Call on March 8, 2024
Businesswire· 2024-02-26 21:15
NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the fourth quarter fiscal 2024 on March 8, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investo ...
Genesco Reports Comparable Sales
Businesswire· 2024-01-08 11:50
NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) announced today that comparable sales, including both stores and direct sales, decreased by 4% for the quarter-to-date period ended December 30, 2023. Same store sales decreased 6% and sales for the Company’s e-commerce businesses increased 3% on a comparable basis for that period. Comparable sales changes for each retail business for the period were as follows: Quarter-to-Date (9 weeks ended December 30, 2023)     Comparable Sales ...
Genesco(GCO) - 2024 Q3 - Quarterly Report
2023-12-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarter Ended October 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission File No. 1-3083 Genesco Inc. (Exact name of registrant as specified in its charter) Tennessee 62-0211340 (State or other jurisdiction of incorporation or ...