Genesco

Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.

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Genesco Corporation reports challenging Q1 earnings, focuses on profitability

Genesco Corporation's Q1 2023 earnings call highlighted the success of Johnston & Murphy and Schuh, while expressing dissatisfaction with Journeys' performance. The company is taking actions to mitigate challenges, manage P&L, and respond to the consumer environment. Revised guidance reflects a more conservative view, with expectations of muted consumer demand and lower sales.

GCO reports challenges for Journeys but anticipates improved margins

GCO's Q2 performance showed challenges for Journeys but improvements in sales trends and inventory management. The company is focused on strengthening customer engagement, driving digital growth, and optimizing the store footprint. GCO anticipates continued inventory improvement and cost savings initiatives.

GCO reports Q3 revenue decline but sees positive shifts in comps

GCO faced challenges from inflationary pressures and economic uncertainty, impacting discretionary spending. However, positive shifts in comps for Journeys and strong sales from Schuh present opportunities for growth. The company's focus on digital business and loyalty programs also bode well for future performance.

Genesco reports strong FY 2023, eyes digital growth in FY 2024

Genesco's fiscal year 2023 showcased strength in certain brands while facing challenges in others. The company is strategically focusing on digital growth and consumer engagement for fiscal year 2024, with opportunities for improvement in the latter half of the year.

Genesco reports mixed Q1 results, focuses on cost-saving initiatives

Genesco's Q1 performance reflected challenges in Journeys but strengths in other brands like Johnston & Murphy and Schuh.
The company is taking actions to reposition products, identify store closures, and focus on newness to meet consumer demand.
Guidance revision indicates expectations of sales decrease but with opportunities for cost savings and growth in premium and off-mall locations.
Overall, Genesco remains focused on responding to consumer trends and driving profitability as sales improve.

Genesco reports mixed Q2 results, focuses on repositioning Journeys

Genesco's Q2 2024 performance saw a decline in revenue but improved gross margin. Record sales at Johnston & Murphy and Schuh offset pressure at Journeys.
Challenges include anticipated sales decline, inventory reductions, and industry-wide athletic inventory overhang. Strategic focus on digital growth and cost savings initiatives.
Opportunities lie in repositioning Journeys, enhancing margins, and driving growth through customer engagement. Cautious outlook for fiscal '24 with a focus on mitigating profit pressure.

Genesco reports Q3 challenges, showcases brand strength, and eyes growth

Genesco's Q3 performance reflects resilience amidst challenges, with strategic efforts driving sales improvements and operational efficiencies across brands.
While facing headwinds from promotional activities and consumer demand uncertainties, the company's diversified brand portfolio and proactive measures position it for long-term success.
By focusing on customer engagement, digital growth, and operational optimization, Genesco aims to navigate challenges, capitalize on opportunities, and drive sustainable growth in a competitive retail landscape.

Genesco tackles consumer behavior challenges, eyes growth in key segments

Genesco faces challenges from changing consumer behavior but is strategically focusing on improving key segments like Journeys. Record sales from Schuh and Johnston & Murphy provide a strong foundation for growth.

Genesco beats Q1 expectations, eyes growth through customer loyalty

Genesco's Q1 performance exceeded guidance, with Journeys leading the way. Challenges in the U.K. were offset by strong Easter sales. Despite lower sales, improved margins and customer loyalty are driving profitability. Cost-saving initiatives and cautious outlook for Q2 are in place.

Genesco surpasses Q2 expectations driven by Journeys' growth

Genesco's Q2 performance exceeded expectations, with a focus on driving growth in Journeys and the digital business.
Challenges faced by Schuh and Johnston & Murphy were offset by opportunities to improve performance and profitability.
Cost reduction efforts and strategic initiatives position Genesco well for future growth and navigating market challenges.
Maintaining a cautious outlook for certain segments while remaining optimistic about Journeys' momentum and the holiday season.

Genesco reports strong Q3 earnings driven by Journeys' success

Genesco's Q3 earnings call highlighted strong performance led by Journeys, with total comp growth of 6% and adjusted EPS exceeding projections.
While challenges were faced by Schuh and Johnston & Murphy, opportunities exist in optimizing strategies and enhancing consumer experiences across brands.
The company's focus on cost reduction, digital initiatives, and store optimization positions it well for continued growth and market resilience.
Strategic planning and a commitment to enhancing consumer experiences signal a positive outlook for Genesco's future performance and market positioning.

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Genesco, Inc. engages in sourcing and design, marketing, and distribution of footwear, apparel, and accessories. It operates through the following business segments: Journeys Group, Schuh Group, Johnston and Murphy Group, and Genesco Brands Group. The Journeys Group segment operates the Journeys, Journeys Kidz, and Little Burgundy retail stores retail footwear chain. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston and Murphy Group segment operates the wholesale distribution of products under the Johnston and Murphy brand. The Genesco Brands Group segment is involved in licensed Dockers, Levi's, and G.H. Bass brands. The company was founded in 1924 and is headquartered in Nashville, TN.

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below statement to urge fellow shareholders to focus on the need for further change in the Company's boardroom following Institutional Shareholder Services, In

Legion Partners Urges Genesco Shareholders to Focus on the Need for Further Board Change Following Contradictory ISS Recommendation

NASHVILLE, Tenn., July 6, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today announced that Institutional Shareholder Services ("ISS"), a leading independent provider of proxy research and vote recommendations to the institutional investment community, has recommended that Genesco shareholders vote the BLUE proxy card "FOR ALL " nine of the Company's director nominees at Genesco's Annual Meeting of Shareholders to be held on July 20, 2021.

Leading Independent Proxy Advisory Firm ISS Recommends Genesco Shareholders Vote "For All" Nine Of Genesco's Highly Qualified Directors On Blue Proxy Card

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LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below statement in an effort to address the Company's July 1st press release and focus shareholders' attention on the need for boardroom change. Legion Partner

Legion Partners Reinforces the Need for Additional Board Change at Genesco Following the Company's Latest Attempt to Distract and Mislead Shareholders

NASHVILLE, Tenn., July 1, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today provided an update to highlight its increased share price resulting from the successful execution of its footwear focused strategy under the current Board and management team.

Genesco Highlights Increased Share Price Driven By Strong Operational Performance

NASHVILLE, Tenn., July 1, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today issued the following statement: Legion Partners Asset Management LLC ("Legion") and their director slate recently issued two investor presentations consisting of collectively over 200 pages of misinformation, misleading claims, and superficial suggestions, as well as a press release with inaccurate assertions regarding Genesco's commitment to ESG and DE&I, which the Company believes demonstrate a lack of understanding of Genesco's business and the industry and a disregard for long-term value creation.

Genesco Sets The Record Straight

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today announced that its four highly-qualified and independent director candidates – Marjorie L. Bowen, Margenett Moore-Roberts, Dawn H. Robertson and Hobart P. Sichel – have i

Legion Partners' Four Highly-Qualified Director Candidates Issue Letter to Genesco Shareholders

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below statement in response to the Company's decision to publicize a disingenuous private letter issued by its Board of Directors (the “Board”) roughly six wee

Legion Partners Addresses Genesco's Desperate Attempt to Divert Attention Away From the Urgent Need for Boardroom Change

NASHVILLE, Tenn., June 28, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today released a letter from its Board of Directors to Legion Partners Asset Management, LLC ("Legion") dated May 19, 2021 in response to Legion's recent mischaracterizations of the actions Genesco took to avoid a proxy fight at this year's Annual Meeting.

Genesco Responds To Legion Partners' Recent Mischaracterizations By Releasing May 19, 2021 Letter Detailing Genesco's Significant Efforts To Work Collaboratively With Legion To Avoid Proxy Fight

Genesco (GCO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Genesco (GCO) Hits 52-Week High, Can the Run Continue?

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued a new presentation that addresses the apparent distortions and misrepresentations included in the materials released by the Company on June 23, 2021. Visit www.GCO

Legion Partners Releases Presentation to Rebut Genesco's Distortions and Reinforce the Need to Replace Four Long-Tenured Directors

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below statement regarding the Company's Environmental, Social and Governance (“ESG”) and Diversity, Equity and Inclusion (“DEI”) opportunities. As a reminder,

Legion Partners Highlights the Need for Credible ESG and DEI Initiatives at Genesco Following Superficial Pledges and Years of Neglect

NASHVILLE, Tenn., June 23, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today filed an investor presentation with the Securities and Exchange Commission detailing the Company's proven track record of execution, strong footwear focused strategy, and fit for purpose Board of Directors.

Genesco Files Investor Presentation

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today released an extensive presentation that details its case for change in the Company's boardroom. Visit www.GCOForward.com to learn more about Legion Partners' campaign to

Legion Partners Releases Presentation Outlining the Case for Further Boardroom Change at Genesco

NASHVILLE, Tenn., June 18, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today sent a letter to shareholders highlighting the collective strength of its Board of Directors, which has been significantly refreshed and comprises the right mix of skills and experience to advance Genesco's footwear focused strategy, deliver long-term value to shareholders, and position the Company for sustainable growth.

Genesco Sends Letter to Shareholders Highlighting Strength of its Board and Strategy

As of late, it has definitely been a great time to be an investor in Genesco Inc. (GCO).

Genesco's (GCO) Shares March Higher, Can It Continue?

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below open letter to shareholders regarding the Company's misaligned executive compensation structure. Learn more about Legion Partners' case for change and th

Legion Partners Issues Letter to Genesco Shareholders Regarding the Company's Misaligned Executive Compensation Structure

Genesco (GCO) Hits Fresh High: Is There Still Room to Run?

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today announced that it has filed its definitive proxy statement with the U.S. Securities and Exchange Commission and sent a letter to its fellow shareholders. Legion Partners

Legion Partners Files Definitive Proxy Statement and Sends Letter to Genesco Shareholders

NASHVILLE, Tenn., June 7, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today filed definitive proxy materials with the Securities and Exchange Commission ("SEC") in connection with the Company's Annual Meeting of Shareholders (the "Annual Meeting"), which is scheduled to be held on July 20, 2021.

Genesco Files Definitive Proxy Materials and Issues Letter to Shareholders

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LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE: GCO) (“Genesco” or the “Company”), today issued the below statement. Learn more about Legion Partners' case for change and its four-member slate of director candidates by visiting www.gcoforward.com. Chris Kiper

Legion Partners Reiterates Call for Genesco to Agree to the Utilization of a Universal Proxy Card

Genesco Inc. (GCO) CEO Mimi Vaughn on Q1 2022 Results - Earnings Call Transcript

Genesco (GCO) delivered earnings and revenue surprises of 238.60% and 21.61%, respectively, for the quarter ended April 2021. Do the numbers hold clues to what lies ahead for the stock?

Genesco (GCO) Q1 Earnings and Revenues Surpass Estimates

NASHVILLE, Tenn., May 27, 2021 /PRNewswire/ -- First Quarter Fiscal 2022 Financial Summary Net sales increased 93% from last year to $539 million Net sales increased 9% over the first quarter two years ago with stores open about 90% of days GAAP operating income increased 71% over first quarter two years ago Non-GAAP operating income increased 125% over first quarter two years ago Comparable direct sales increased 43% Inventory down 23% GAAP EPS from continuing operations was $0.60 vs.

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