Overview

* Genesco ( GCO ) fiscal Q2 sales rise 4%, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q2 beats consensus, despite tariff and promotional pressures

* Co raises full-year sales outlook, indicating confidence in continued growth

Outlook

* Genesco ( GCO ) raises full-year 2026 sales outlook to 3%-4% growth

* Company expects 2026 comparable sales to rise 4%-5%

* Genesco ( GCO ) maintains full-year adjusted EPS guidance of $1.30 to $1.70

* Company cites tariffs and UK market as ongoing challenges

Result Drivers

* JOURNEYS PERFORMANCE - Journeys Group saw a 9% increase in comparable sales, driving overall sales growth

* STRATEGIC FOCUS - Product elevation and enhanced customer experience contributed to positive sales momentum

* TARIFF AND PROMOTIONAL PRESSURE - Higher tariffs and a promotional UK market pressured margins, but were offset by increased sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $546 mln $532.40

Revenue mln (3

Analysts

)

Q2 Beat -$1.14 -$1.25

Adjusted (3

EPS Analysts

)

Q2 EPS -$1.79

Q2 Gross 45.8%

Margin

Q2 -2.6%

Adjusted

Operatin

g Margin

Q2 -$14.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the apparel & accessories retailers peer group is "buy."

* Wall Street's median 12-month price target for Genesco Inc ( GCO ) is $25.00, about 32% below its August 27 closing price of $32.99

* The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)