Genesco Inc. reported second-quarter Fiscal 2026 net sales of $546 million, an increase of 4% compared to the prior year, surpassing analyst consensus estimates. The company achieved positive comparable sales growth, with its Journeys business continuing to show strong momentum.
The adjusted loss per share for the quarter was $1.14, which was better than analyst consensus estimates. However, the GAAP loss for the quarter was $18.5 million, or $1.79 per share, indicating a wider loss compared to the previous year.
Despite facing margin pressures and challenges in the UK market, Genesco reaffirmed its full-year Fiscal 2026 adjusted earnings per share guidance of $1.30 to $1.70. This reiteration signals management's confidence in its strategic initiatives and ability to manage external headwinds, including tariff impacts, through the remainder of the fiscal year.
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