Financial Performance - Fourth quarter net sales increased 1% to 746millioncomparedto739 million in Q4 FY24, with comparable sales up 10%[5] - GAAP EPS for the fourth quarter was 3.06,comparedto1.84 last year, while Non-GAAP EPS was 3.26,upfrom2.59[5] - Full year net sales for Fiscal 2025 were flat at 2.3billion,withtotalcomparablesalesincreasing3745.9 million, a slight increase from 738.9millioninQ42024,representingagrowthof1.42.33 billion, slightly up from 2.32billioninfiscalyear2024[36]−TotalnetsalesforFiscalYear2025reached2,325,062, a slight increase from 2,324,624inFiscalYear2024[40]ProfitabilityMetrics−Grossmarginforthefourthquarterwas46.946.1 million, up 23.5% from 37.3millioninQ42024,reflectingastrongeroperationalperformance[34]−Earningsfromcontinuingoperationsincreasedto33.6 million in Q4 2025, compared to 20.3millioninQ42024,markingagrowthof65.560,866,000, which is 8.2% of sales, compared to 52,510,000or7.118,910,000, up from 16,780,000inthepreviousfiscalyear[59]−ThegrossmarginforthefiscalyearendedFebruary1,2025,wasreportedat1,096,813,000, or 47.2% of sales, slightly down from 47.3% in the prior year[60] Cost Management - Selling and administrative expenses decreased to 40.5% of sales in Q4 FY25 from 41.1% last year, reflecting cost savings initiatives[12] - The company achieved total expense savings of 45to50 million through its cost reduction program initiated in Fiscal 2024[26] - The company ended the fourth quarter with zero total debt, down from 34.7millionattheendofthepreviousyear[23]StoreOperations−Thecompanyclosed28storesduringthefourthquarter,resultinginatotalof1,278stores,adecreaseof5141.2 million in Q4 2025 from 146.1millioninQ42024,adeclineof3.51.4 million in Q4 2025, recovering from an operating loss of 0.3millioninQ42024[38]−OperatingincomefortheJourneysGroupimprovedto26,345, compared to 11,072inFiscalYear2024,markingasignificantincrease[40]−TheJourneysGroupreportedoperatingincomeof43,152,000 in Q4 2025, an increase from 32,337,000inQ42024[56]−TheSchuhGroup′soperatingincomeincreasedto5,637,000 in Q4 2025 from 9,325,000inQ42024[56]−CorporateandOthersegmentreportedanoperatinglossof8,873,000 in Q4 2025, compared to a loss of 9,013,000inQ42024[56]FutureOutlook−ForFiscal2026,thecompanyexpectstotalsalestobeflattoup11.30 and 1.70[28]−Thecompanyanticipatescontinuedfocusondigitalgainsandmarketshareexpansionintheupcomingquarters[30]−Thecompanyforecastsearningsfromcontinuingoperationsforfiscal2026tobebetween13.2 million and 18.2million,translatingtoapersharerangeof1.18 to 1.61[62]−Adjustedforecastedearningsfromcontinuingoperationsforfiscal2026areestimatedtobebetween14.6 million and 19.2million,or1.30 to 1.70pershare[62]ImpairmentsandAdjustments−Thecompanyrecordedagoodwillimpairmentchargeof28,453 in Fiscal Year 2024, which was not present in Fiscal Year 2025[40] - The company recorded total asset impairments and other adjustments of 1.0millionforhighguidanceand1.4 million for low guidance in fiscal 2026[62] E-commerce Performance - E-commerce comparable sales rose 18%, representing 30% of total retail sales, up from 27% last year[5] - The company experienced a significant increase in comparable e-commerce sales, which rose by 12% for the fiscal year, compared to 8% in the previous year[48] - Comparable sales for the total company increased by 10% in Quarter 4 of Fiscal Year 2025, compared to a decline of 4% in the same quarter of the previous year[48]
Genesco(GCO)2025-03-07 12:01