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Genesco(GCO) - 2025 Q1 - Earnings Call Transcript
2024-05-31 15:33
Genesco Inc. (NYSE:GCO) Q1 2025 Earnings Conference Call May 31, 2024 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A Mimi Vaughn - Board Chair, President & CEO Tom George - CFO Conference Call Participants Mitch Kummetz - Seaport Research Mantero Moreno-Cheek - Jefferies Operator Good day everyone and welcome to the Genesco First Quarter Fiscal 2025 Conference Call. Just a reminder, today's call is being recorded. I'll now turn the call over to Darryl MacQuarrie, Senior Director ...
Genesco(GCO) - 2025 Q1 - Earnings Call Presentation
2024-05-31 12:06
FY25 Q1 GENESCO S u m m a r y R e s u l t s M a y 3 1 , 2 0 2 4 Safe Harbor Statement This presentation contains forward-looking statements, including those regarding future sales, earnings, operating income, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, store openings and closures, cost reductions, ESG progress and all other statements not addressing solely historical facts or present conditions. Forward- looking statements are usually identified by or are associa ...
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 ...