Genesco(GCO) - 2026 Q2 - Quarterly Report

FORM 10-Q Filing Information This section provides key administrative details regarding the company's Form 10-Q filing and stock information - Genesco Inc. (GCO) is an accelerated filer on the New York Stock Exchange[2] - As of August 29, 2025, there were 10.8 million shares of common stock outstanding[2] Part I. Financial Information This part presents the company's unaudited condensed consolidated financial statements and management's analysis Item 1. Financial Statements This section presents the unaudited condensed consolidated financial statements of Genesco Inc. and its subsidiaries, including balance sheets, statements of operations, comprehensive loss, cash flows, and equity, along with accompanying notes for the specified interim periods Condensed Consolidated Balance Sheets This section presents the company's financial position, including assets, liabilities, and equity at specific dates Condensed Consolidated Balance Sheet Highlights (in thousands) | Metric | August 2, 2025 | February 1, 2025 | August 3, 2024 | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $40,989 | $34,007 | $45,855 | | Total current assets | $645,891 | $608,756 | $606,720 | | Total Assets | $1,421,925 | $1,335,536 | $1,383,751 | | Total current liabilities | $414,355 | $379,782 | $395,663 | | Total liabilities | $915,553 | $788,566 | $851,129 | | Total equity | $506,372 | $546,970 | $532,622 | Condensed Consolidated Statements of Operations This section details the company's revenues, expenses, and net loss over specific interim periods Condensed Consolidated Statements of Operations Highlights (in thousands, except per share amounts) | Metric | Three Months Ended Aug 2, 2025 | Three Months Ended Aug 3, 2024 | Six Months Ended Aug 2, 2025 | Six Months Ended Aug 3, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net sales | $545,965 | $525,188 | $1,019,938 | $982,785 | | Gross margin | $249,949 | $245,639 | $471,130 | $461,920 | | Operating loss | $(14,440) | $(10,274) | $(42,585) | $(42,402) | | Net Loss | $(18,471) | $(9,992) | $(39,698) | $(34,339) | | Basic loss per common share | $(1.79) | $(0.91) | $(3.82) | $(3.14) | | Diluted loss per common share | $(1.79) | $(0.91) | $(3.82) | $(3.14) | Condensed Consolidated Statements of Comprehensive Loss This section presents the company's net loss and other comprehensive income or loss components Condensed Consolidated Statements of Comprehensive Loss Highlights (in thousands) | Metric | Three Months Ended Aug 2, 2025 | Three Months Ended Aug 3, 2024 | Six Months Ended Aug 2, 2025 | Six Months Ended Aug 3, 2024 | | :--- | :--- | :--- | :--- | :--- | | Net loss | $(18,471) | $(9,992) | $(39,698) | $(34,339) | | Total other comprehensive income | $280 | $1,393 | $7,004 | $458 | | Comprehensive Loss | $(18,191) | $(8,599) | $(32,694) | $(33,881) | - Foreign currency translation adjustments significantly increased to $6,811 thousand for the six months ended August 2, 2025, compared to $399 thousand for the same period in 2024[16] Condensed Consolidated Statements of Cash Flows This section outlines the company's cash inflows and outflows from operating, investing, and financing activities Condensed Consolidated Statements of Cash Flows Highlights (Six Months Ended, in thousands) | Cash Flow Activity | August 2, 2025 | August 3, 2024 | | :--- | :--- | :--- | | Net cash used in operating activities | $(14,693) | $(6,029) | | Net cash used in investing activities | $(33,580) | $(14,274) | | Net cash provided by financing activities | $54,886 | $30,922 | | Net increase in cash | $6,982 | $10,700 | | Cash at end of period | $40,989 | $45,855 | - Capital expenditures more than doubled to $33,580 thousand for the six months ended August 2, 2025, from $14,274 thousand in the prior year[19] Condensed Consolidated Statements of Equity This section details changes in the company's equity, including retained earnings and accumulated other comprehensive loss Condensed Consolidated Statements of Equity Highlights (in thousands) | Metric | Balance August 2, 2025 | Balance August 3, 2024 | | :--- | :--- | :--- | | Total Equity | $506,372 | $532,622 | | Retained Earnings | $212,977 | $251,351 | | Accumulated Other Comprehensive Loss | $(38,420) | $(39,166) | | Shares repurchased (6 months) | $(12,566) | $(9,349) | Notes to Condensed Consolidated Financial Statements This section provides detailed disclosures and explanations for the figures presented in the condensed consolidated financial statements, covering significant accounting policies, segment information, and other relevant financial details Note 1: Summary of Significant Accounting Policies This note describes the company's key accounting principles, business segments, and recent tax law impacts - Genesco operates four reportable business segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands Group, distributing footwear, apparel, and accessories through retail stores and e-commerce[24][25] - The company is exiting the licensed Levi's brand business during Fiscal 2026 due to license expiration[25] - A new multi-year licensing agreement was signed with Kontoor Brands, Inc. for Wrangler footwear, with the first collection launching in Fall 2026[26] - The One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025, which is expected to materially decrease the U.S. current tax liability and effective income tax rate for Fiscal 2026[34] - The effective income tax rate for the first six months of Fiscal 2026 was 13.2%, down from 28.5% in Q1 Fiscal 2026 before the OBBBA enactment[34] Note 2: Goodwill and Other Intangible Assets This note provides details on the company's goodwill and other intangible assets Goodwill and Net Other Intangibles (in thousands) | Metric | August 2, 2025 | February 1, 2025 | | :--- | :--- | :--- | | Goodwill | $9,336 | $8,863 | | Net Other Intangibles | $27,408 | $26,059 | Note 3: Inventories This note details the composition and valuation of the company's inventory balances Total Inventories (in thousands) | Metric | August 2, 2025 | February 1, 2025 | | :--- | :--- | :--- | | Wholesale finished goods | $80,610 | $82,784 | | Retail merchandise | $420,398 | $342,440 | | Total Inventories | $501,008 | $425,224 | Note 4: Fair Value This note presents the fair value measurements of the company's financial instruments Fair Value of Long-Term Debt (in thousands) | Metric | August 2, 2025 (Fair Value) | February 1, 2025 (Fair Value) | | :--- | :--- | :--- | | U.S. Revolver Borrowings | $57,775 | $— | | U.K. Revolver Borrowings | $13,289 | $— | | Total Long-Term Debt | $71,064 | $— | - The company held $6.7 million in investments measured using Level 1 inputs within the fair value hierarchy as of August 2, 2025[38] Note 5: Long-Term Debt This note outlines the company's long-term debt obligations and available credit facilities - Total revolver borrowings outstanding as of August 2, 2025, were $70.952 million, comprising $53.4 million U.S., $4.3 million CAD, and $13.3 million U.K. borrowings[39] - Excess availability under the Credit Facility was $268.6 million at August 2, 2025[39] Note 6: Earnings Per Share This note details the calculation of basic and diluted earnings per share and share repurchase activity Weighted-Average Shares Outstanding (in thousands) | Period | August 2, 2025 | August 3, 2024 | | :--- | :--- | :--- | | Three Months Ended (Basic & Diluted) | 10,294 | 10,942 | | Six Months Ended (Basic & Diluted) | 10,394 | 10,936 | - The company repurchased 604,531 shares of common stock for $12.6 million (average $20.79/share) during the first six months of Fiscal 2026[41] - As of August 2, 2025, $29.8 million remained under the expanded share repurchase authorization[41] Note 7: Legal Proceedings This note discloses information regarding the company's legal and environmental contingencies - The company has accrued $2.0 million for environmental contingencies as of August 2, 2025[43] - Future obligations related to environmental matters are not expected to have a material effect on consolidated financial condition or results of operations[42][44] Note 8: Business Segment Information This note provides detailed financial performance data for each of the company's operating segments Segment Sales and Operating Income (Loss) - Three Months Ended August 2, 2025 (in thousands) | Segment | Sales | Segment Operating Income (Loss) | | :--- | :--- | :--- | | Journeys Group | $318,189 | $(4,999) | | Schuh Group | $126,595 | $(11) | | Johnston & Murphy Group | $68,789 | $(1,782) | | Genesco Brands Group | $32,392 | $653 | | Corporate & Other | $— | $(8,301) | | Consolidated | $545,965 | $(14,440) | Segment Sales and Operating Income (Loss) - Six Months Ended August 2, 2025 (in thousands) | Segment | Sales | Segment Operating Income (Loss) | | :--- | :--- | :--- | | Journeys Group | $590,823 | $(20,282) | | Schuh Group | $222,510 | $(6,142) | | Johnston & Murphy Group | $145,628 | $(1,282) | | Genesco Brands Group | $60,977 | $1,351 | | Corporate & Other | $— | $(16,230) | | Consolidated | $1,019,938 | $(42,585) | - North America accounted for 77% of net sales in Q2 FY26 and 78% in the first six months of FY26, with the U.K. (including ROI) making up the remainder[45][49] Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This section provides management's perspective on the company's financial condition, results of operations, and cash flows, offering insights into performance drivers, key trends, and future outlook Summary of Results of Operations This section summarizes the company's financial performance, including sales, margins, and net loss for the period - Net sales increased 4.0% to $546.0 million in Q2 FY26, driven by a 4% increase in comparable sales (5% store, 1% e-commerce) and favorable foreign exchange[55] - Gross margin decreased as a percentage of net sales from 46.8% in Q2 FY25 to 45.8% in Q2 FY26, primarily due to increased promotional activity at Schuh Group and lower margins at Genesco Brands Group[56] - Operating margin was (2.6)% in Q2 FY26, down from (2.0)% in Q2 FY25, reflecting decreased gross margin as a percentage of net sales, partially offset by decreased expenses[58] - Net loss in Q2 FY26 was $18.5 million, or $1.79 diluted loss per share, compared to a net loss of $10.0 million, or $0.91 diluted loss per share, in Q2 FY25[61] - The effective income tax rate in Q2 FY26 was (15.0)%, compared to 15.2% in Q2 FY25, due to the impact of the OBBBA tax law changes[60] Critical Accounting Estimates This section discusses the company's significant accounting estimates and policies - There have been no significant changes in critical accounting estimates or significant accounting policies since the end of Fiscal 2025[64] Key Performance Indicators This section defines and lists the primary metrics used to evaluate the company's operational performance - Key performance indicators include comparable sales, net sales, gross margin, operating income, and operating margin[65] - Comparable sales are defined as sales from stores open longer than one year ('same store sales') and sales from websites/catalogs operated longer than one year ('comparable e-commerce sales')[66] Results of Operations – Second Quarter of Fiscal 2026 Compared to Second Quarter of Fiscal 2025 This section provides a detailed analysis of the financial performance of each business segment and corporate expenses for the second quarter of Fiscal 2026 compared to the prior year Journeys Group This section analyzes the Journeys Group's sales, gross margin, and operating income for the second quarter Journeys Group Performance (Three Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $318,189 | $298,846 | 6.5% | | Gross margin % of sales | 48.8% | 48.6% | +0.2 pp | | Operating loss | $(4,999) | $(11,151) | 55.2% | | Operating margin | (1.6)% | (3.7)% | +2.1 pp | - Comparable sales increased 9%, driven by strength in product assortment across athletic and casual brands, with noteworthy gains in conversion and transaction size[68] - Operating margin improved by 210 basis points, primarily due to a 190 basis point decrease in selling and administrative expenses as a percentage of net sales, reflecting expense leverage and cost savings initiatives[70] - The group operated 984 stores at the end of Q2 FY26, a decrease from 1,039 stores in Q2 FY25, reflecting store optimization efforts[69] Schuh Group This section analyzes the Schuh Group's sales, gross margin, and operating income for the second quarter Schuh Group Performance (Three Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $126,595 | $124,561 | 1.6% | | Gross margin % of sales | 38.9% | 42.1% | -3.2 pp | | Operating income (loss) | $(11) | $7,339 | NM | | Operating margin | (0.0)% | 5.9% | -5.9 pp | - Net sales included a favorable foreign exchange impact of $6.8 million, but total comparable sales decreased 4% (4% decrease on a local currency basis) due to a challenging U.K. retail environment[71] - Operating margin decreased by 590 basis points, driven by a 320 basis point decrease in gross margin (due to increased promotional activity and brand mix changes) and a 270 basis point increase in selling and administrative expenses as a percentage of net sales (due to deleverage on lower store sales)[72] - E-commerce remains a key channel, accounting for over 40% of sales[71] Johnston & Murphy Group This section analyzes the Johnston & Murphy Group's sales, gross margin, and operating income for the second quarter Johnston & Murphy Group Performance (Three Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $68,789 | $71,037 | (3.2)% | | Gross margin % of sales | 54.0% | 52.5% | +1.5 pp | | Operating loss | $(1,782) | $(403) | (342.2)% | | Operating margin | (2.6)% | (0.6)% | -2.0 pp | - Net sales decreased primarily due to decreased wholesale sales and a 3% decrease in average store count, despite a 1% increase in total comparable sales[73] - Operating margin decreased by 200 basis points, mainly due to a 360 basis point increase in selling and administrative expenses as a percentage of net sales (deleverage from decreased revenue, higher depreciation, credit card, and occupancy expenses)[76] - Gross margin as a percentage of net sales increased by 150 basis points, reflecting improved costs from sourcing optimization, lower retail markdowns, and price increases[76] Genesco Brands Group This section analyzes the Genesco Brands Group's sales, gross margin, and operating income for the second quarter Genesco Brands Group Performance (Three Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $32,392 | $30,744 | 5.4% | | Gross margin % of sales | 25.3% | 34.8% | -9.5 pp | | Operating income | $653 | $2,672 | (75.6)% | | Operating margin | 2.0% | 8.7% | -6.7 pp | - Net sales increased primarily due to higher sales of Levi's and private label footwear, partially offset by decreased Dockers and other licensed footwear sales[77] - Operating margin decreased by 670 basis points, mainly due to a significant decrease in gross margin as a percentage of net sales from higher closeout sales related to license exits and tariff impacts[78] Corporate, Interest Expenses and Other Charges This section details corporate overhead, net interest expense, and other unallocated charges for the second quarter - Corporate and other expense was $8.3 million in Q2 FY26, a slight decrease from $8.7 million in Q2 FY25, excluding asset impairment and severance charges[79] - Net interest expense increased 8.5% to $1.5 million in Q2 FY26, primarily due to increased revolver borrowings in the U.K.[80] Results of Operations – First Six Months of Fiscal 2026 Compared to First Six Months of Fiscal 2025 This section provides a detailed analysis of the financial performance of each business segment and corporate expenses for the first six months of Fiscal 2026 compared to the prior year Journeys Group This section analyzes the Journeys Group's sales, gross margin, and operating income for the first six months Journeys Group Performance (Six Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $590,823 | $558,291 | 5.8% | | Gross margin % of sales | 48.8% | 48.9% | -0.1 pp | | Operating loss | $(20,282) | $(29,973) | 32.3% | | Operating margin | (3.4)% | (5.4)% | +2.0 pp | - Comparable sales increased 9%, with gains in both store and e-commerce channels, driven by strong product assortment and improved conversion and transaction size[88] - Operating margin improved by 200 basis points, primarily due to decreased selling and administrative expenses as a percentage of net sales, reflecting expense leverage from increased revenue and cost savings initiatives[89] Schuh Group This section analyzes the Schuh Group's sales, gross margin, and operating income for the first six months Schuh Group Performance (Six Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $222,510 | $216,910 | 2.6% | | Gross margin % of sales | 39.3% | 41.8% | -2.5 pp | | Operating income (loss) | $(6,142) | $1,443 | NM | | Operating margin | (2.8)% | 0.7% | -3.5 pp | - Net sales increased 2.6%, including a $9.1 million favorable foreign exchange impact, but total comparable sales decreased 2% (2% decrease on a local currency basis) due to a challenging U.K. retail environment[90] - Operating margin decreased by 350 basis points, primarily due to decreased gross margin (increased promotional activity and brand mix changes) and increased selling and administrative expenses as a percentage of net sales (deleverage)[91] - E-commerce accounted for over 40% of sales[90] Johnston & Murphy Group This section analyzes the Johnston & Murphy Group's sales, gross margin, and operating income for the first six months Johnston & Murphy Group Performance (Six Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $145,628 | $150,244 | (3.1)% | | Gross margin % of sales | 53.8% | 53.2% | +0.6 pp | | Operating income (loss) | $(1,282) | $1,952 | NM | | Operating margin | (0.9)% | 1.3% | -2.2 pp | - Net sales decreased 3.1% due to lower same-store sales, decreased wholesale sales, and a 3% decrease in average store count, while total comparable sales were flat[92] - Operating margin decreased by 220 basis points, primarily due to increased selling and administrative expenses as a percentage of net sales (deleverage from decreased revenue, higher depreciation, and compensation expenses, and increased marketing)[93] - Gross margin as a percentage of net sales increased, reflecting improved initial margins from sourcing optimization and price increases[93] Genesco Brands Group This section analyzes the Genesco Brands Group's sales, gross margin, and operating income for the first six months Genesco Brands Group Performance (Six Months Ended, in thousands) | Metric | August 2, 2025 | August 3, 2024 | % Change | | :--- | :--- | :--- | :--- | | Net sales | $60,977 | $57,340 | 6.3% | | Gross margin % of sales | 27.8% | 32.4% | -4.6 pp | | Operating income | $1,351 | $1,686 | (19.9)% | | Operating margin | 2.2% | 2.9% | -0.7 pp | - Net sales increased 6.3%, primarily driven by increased sales of Levi's and private label footwear[94] - Operating margin decreased by 70 basis points, mainly due to decreased gross margin as a percentage of net sales from higher closeout sales related to license exits, tariff impacts, and unfavorable sales mix[95] Corporate, Interest Expenses and Other Charges This section details corporate overhead, net interest expense, and other unallocated charges for the first six months - Corporate and other expense was $16.2 million in the first six months of Fiscal 2026, a decrease from $17.5 million in the prior year, excluding asset impairment and severance charges, primarily due to decreased professional fees and performance-based compensation[96] - Net interest expense increased 25.2% to $2.8 million in the first six months of Fiscal 2026, primarily due to increased revolver borrowings in the U.K. and North America[97] Liquidity and Capital Resources This section discusses the company's liquidity sources, working capital trends, and future capital needs, including cash flow changes, credit facilities, tax refunds, capital expenditures, and share repurchases Working Capital This section discusses the company's working capital trends and cash flow activities - The business is seasonal, with working capital investment typically peaking in summer and fall for back-to-school and holiday selling seasons[98] Cash Flow Changes (Six Months Ended, in thousands) | Cash Flow Activity | August 2, 2025 | August 3, 2024 | Increase (Decrease) | | :--- | :--- | :--- | :--- | | Net cash used in operating activities | $(14,693) | $(6,029) | $(8,664) | | Net cash used in investing activities | $(33,580) | $(14,274) | $(19,306) | | Net cash provided by financing activities | $54,886 | $30,922 | $23,964 | | Net increase in cash | $6,982 | $10,700 | $(3,718) | - Cash used in investing activities increased by $19.3 million, primarily due to increased capital expenditures for retail stores[100] - Cash provided by financing activities increased by $24.0 million, reflecting increased net borrowings, partially offset by increased share repurchases[101] Sources of Liquidity and Future Capital Needs This section identifies the company's primary liquidity sources and projected capital requirements - Principal sources of liquidity are cash flow from operations, cash on hand, and credit facilities[102] - As of August 2, 2025, the company had $53.4 million in U.S. revolver borrowings, $4.3 million in Canadian revolver borrowings, and $13.3 million in U.K. revolver borrowings[103] - The company received $58.3 million of a $60.2 million U.S. Federal tax refund during Q2 FY26, with the remaining $1.9 million expected within 12 months[107] - Management believes current liquidity sources will be sufficient to support needs in Fiscal 2026 and the foreseeable future[106] Contractual Obligations This section outlines the company's contractual commitments and their changes over time - Contractual obligations increased 21% at August 2, 2025, compared to February 1, 2025, primarily due to increased long-term debt and lease obligations[108] Capital Expenditures This section details the company's planned capital investments for the current fiscal year - Total capital expenditures for Fiscal 2026 are expected to be approximately $55 million to $65 million, with 75% allocated to new stores and renovations[109] Common Stock Repurchases This section reports on the company's share repurchase activities and remaining authorization - The company repurchased 604,531 shares of common stock for $12.6 million during the first six months of Fiscal 2026[110] - As of August 2, 2025, $29.8 million remained under the expanded share repurchase authorization[110] Environmental and Other Contingencies This section addresses potential financial impacts from environmental and legal contingencies - The company is subject to loss contingencies related to environmental and legal matters, as disclosed in Note 7 of the financial statements[111] New Accounting Pronouncements (MD&A) This section refers to disclosures on new accounting standards in the financial statements notes - Descriptions of recently issued and adopted accounting pronouncements are included in Note 1 to the Condensed Consolidated Financial Statements[112] Item 3. Quantitative and Qualitative Disclosures about Market Risk This section incorporates by reference the market risk disclosures from the company's Annual Report on Form 10-K for Fiscal 2025, stating no material changes to market risk exposure - There have been no material changes to the company's exposure to market risks since the Annual Report on Form 10-K for Fiscal 2025[113] Item 4. Controls and Procedures This section confirms the effectiveness of the company's disclosure controls and procedures as of August 2, 2025, and reports no material changes in internal control over financial reporting during the second quarter of Fiscal 2026 Evaluation of Disclosure Controls and Procedures This section confirms the effectiveness of the company's disclosure controls and procedures - The principal executive officer and principal financial officer concluded that disclosure controls and procedures were effective as of August 2, 2025[115] Changes in Internal Control Over Financial Reporting This section reports on any material changes to the company's internal control over financial reporting - No changes in internal control over financial reporting occurred during Q2 FY26 that materially affected, or are reasonably likely to materially affect, internal control over financial reporting[116] Part II. Other Information This part includes additional disclosures on legal matters, risk factors, equity sales, and exhibits Item 1. Legal Proceedings This section incorporates by reference the legal proceedings information from Note 7 of the Condensed Consolidated Financial Statements, which states that no material effect on financial condition or results of operations is expected from current legal matters - Information regarding legal proceedings is incorporated by reference from Note 7 to the Condensed Consolidated Financial Statements[119] Item 1A. Risk Factors This section refers to the risk factors outlined in the company's Annual Report on Form 10-K for Fiscal 2025 and highlights new or updated risks, particularly concerning government actions and tariffs - Government actions and regulations, including tariffs, export restrictions, and other trade protection measures, may materially increase costs, reduce margins, and potentially reduce consumer demand[122] - The company is actively mitigating cost pressure by diversifying suppliers, re-sourcing to lower-tariff countries, identifying cost reductions, and planning strategic price increases[122] - The specific impact of current and potential tariffs on business, results of operations, cash flows, and financial condition is uncertain but could be material[123] Item 2. Unregistered Sales of Equity Securities and Use of Proceeds This section details the company's equity security repurchases, specifically shares withheld for taxes, and the remaining authorization under its share repurchase program - 23,765 shares were withheld from vested restricted stock to satisfy tax requirements in July 2025, at an average price of $20.83 per share[125] - As of August 2, 2025, $29.755 million remained under the share repurchase authorization[125] Item 5. Other Information This section states that no directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the second quarter of Fiscal 2026 - No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the second quarter of Fiscal 2026[126] Item 6. Exhibits This section lists the exhibits filed as part of the Form 10-Q, including certifications, performance share unit agreements, and XBRL formatted financial data - Exhibits include certifications from the CEO and CFO pursuant to the Sarbanes-Oxley Act[127] - The financial statements are formatted in Inline XBRL (eXtensible Business Reporting Language)[127] Signature This section provides the official signature and date of filing for the Form 10-Q report - The report was signed by Cassandra E. Harris, Senior Vice President - Finance and Chief Financial Officer, on September 11, 2025[130]