UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended January 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to | --- | --- | --- | |----------------------------------------------------------------------------|------------------------------------------------------------------ ...

Genesco Inc. (NYSE:GCO) Q4 2023 Earnings Conference Call March 9, 2023 8:30 AM ET Company Participants Darryl MacQuarrie – Senior Director of FP&A and Investor Relations Mimi Vaughn – Board Chair, President, and Chief Executive Officer Tom George – Chief Financial Officer Conference Call Participants Mitch Kummetz – Seaport Research Operator Good day, everyone, and welcome to Genesco Fourth Quarter Fiscal 2023 Conference Call. Just as a reminder, today's call is being recorded. I will now turn the call over ...

FY23 Q4 GENESCO Summary Results March 9, 2023 Safe Harbor Statement This release contains forward-looking statements, including those regarding future sales, earnings, operating income, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, stores openings and closures, ESG progress and all other statements not addressing solely historical facts or present conditions. Forward-looking statements are usually identified by or are associated with such words as "intend," "expect ...

Genesco Inc. (NYSE:GCO) Q3 2023 Results Conference Call December 2, 2022 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A and Investor Relations Mimi Vaughn - Board Chair, President and Chief Executive Officer Tom George - Chief Financial Officer Conference Call Participants Steve Marotta - CL King Mitch Kummetz - Seaport Research Operator Good day, everyone, and welcome to the Genesco Third Quarter Fiscal 2023 Conference Call. Just a reminder, today's call is being recorded. I wi ...

Genesco Inc. (NYSE:GCO) Q2 2023 Earnings Conference Call September 1, 2022 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A and Investor Relations Mimi Vaughn - Board Chair, President and Chief Executive Officer Tom George - Chief Financial Officer Conference Call Participants Steve Marotta - CL King & Associates Corey Tarlowe - Jefferies Mitch Kummetz - Seaport Research Operator Good day, everyone, and welcome to Genesco Second Quarter Fiscal 2023 Conference Call. Just a reminder ...

Financial Data and Key Metrics Changes - Consolidated revenue for Q1 was $521 million, down 3% year-over-year, primarily due to the anniversary of significant stimulus last year [25] - Adjusted diluted earnings per share (EPS) was $0.44, compared to $0.79 last year and $0.33 in fiscal 2020 [30] - Adjusted operating income was $9 million, representing a 2% operating margin compared to $19 million or 3% last year [30] Business Line Data and Key Metrics Changes - Journeys revenue decreased by 16% due to inventory delays, while Schuh revenue increased by 28% and Johnston & Murphy (J&M) revenue rose by 46% [25] - Schuh achieved record first-quarter revenues, up 35% on a constant currency basis compared to last year, and up 14% over pre-pandemic levels [14] - J&M's revenue growth was driven by a shift towards casual and comfortable products, with sales almost on par with Q1 fiscal 2020 despite inventory levels being 30% below pre-pandemic [16] Market Data and Key Metrics Changes - Digital sales accounted for 19% of total retail sales, down from 25% last year but up from 11% in fiscal year 2020 [26] - Schuh's digital sales increased over 110% compared to pre-pandemic levels, indicating strong online performance [14] - The company ended the quarter with 30 fewer stores compared to a year ago, optimizing its store footprint [26] Company Strategy and Development Direction - The company is focused on a footwear strategy that emphasizes digital penetration, improving store economics, and growing branded sales [8] - Six strategic pillars are driving the business transformation, including investment in digital and omnichannel, deepening consumer insights, and pursuing synergistic acquisitions [20] - The company is optimistic about future growth despite current economic challenges, planning for a stronger second half of the fiscal year [19] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment has become increasingly challenging, with expectations for a more promotional environment compared to last year [34] - The company anticipates that the factors leading to strong full-price selling will not be sustained, and is preparing for potential consumer shifts due to rising costs [54] - Management reaffirmed fiscal 2023 full-year guidance for adjusted EPS to be between $7 and $7.75, with expectations for sales growth of 1% to 3% [34] Other Important Information - The company is making progress on ESG initiatives, including a North American carbon footprint assessment [18] - Inventory levels were reported at $401 million, 9% higher than fiscal year 2020, with significant receipts occurring late in Q1 [31] - The company repurchased $6.5 million of stock during the first quarter [32] Q&A Session Summary Question: Can you talk about the differential in gross margin between casual styles and fashion athletic? - Management indicated that casual brands typically have a better margin profile than athletic brands, and they expect positive margins from carryover winter styles received at last year's prices [40] Question: Did you feel similar tailwinds in other concepts as well in the quarter to date period? - Management noted that while Journeys faced inventory challenges, both Johnston & Murphy and Schuh experienced positive results, with Schuh benefiting from a fully open store environment [43] Question: Can you elaborate on the better access at Schuh? - Management explained that better access primarily refers to improved allocations within existing brands and moving up tiers, rather than new brands [64]