Genesco(US:GCO)2019-09-06 14:01Financial Performance - Q2 FY20 - Net sales remained relatively flat at $486.6 million compared to $487.0 million in FY19[22] - Total comparable sales increased by 3%, driven by a 20% increase in comparable direct sales, but lower than the 6% increase in the previous year[21] - GAAP earnings per diluted share was $0.05, while adjusted earnings per diluted share was $0.15[44] Financial Performance - YTD FY20 - Total net sales increased by 1% to $982.2 million from $973.2 million in the previous year[25] - Comparable sales increased by 4%, consistent with the previous year[19] - GAAP earnings per diluted share was $0.43, while adjusted earnings per diluted share was $0.49[19] Segment Performance - Q2 FY20 - Journeys Group's comparable sales increased by 4%, lower than the 10% increase in the previous year[21] - Schuh Group's comparable sales were flat at 0%, a decline from the (7)% in the previous year[21] - Johnston & Murphy Group's comparable sales increased by 1%, significantly lower than the 8% increase in the previous year[21] Inventory and Store Count - Total inventory increased by 2% year-over-year to $445 million[32] - The company operated 1,494 stores as of August 3, 2019, a decrease of 10 stores from May 4, 2019[34] FY20 Outlook - The company expects Non-GAAP EPS to be in the range of $3.80 to $4.20 per share[36] - Total sales are projected to change from (1)% to +1%, and comparable sales are expected to increase by 2% to 3%[36]