We were pleased to deliver a very strong finish to the year, highlighted by revenue and gross margins that exceeded our expectations and operating profit at the high end of our forecast.
— Mimi Vaughn
03Detailed Report
GCO
Company GCO
Period
Q4 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 5, 2026
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Executive Summary
Genesco delivered a disciplined QQ4 2025 performance characterized by a solid revenue base, expanding gross margins, and a strong contribution from Journeys which continued to outpace the market. The quarter featured revenue of $745.95 million, up about 1% year over year, with comparable sales up 10% and Journeys comps up 14%, underscoring the continued effectiveness of the Journeys growth plan and digital acceleration. Gross margins expanded by approximately 60 basis points, supported by stronger full-price sell-through and better cost management across Journeys and the branded GBG portfolio, though Schuh faced margin pressure from the UK promotional environment. Adjusted EPS for the quarter was $3.26, up from $2.59 a year earlier, and GAAP net income was $34.38 million. Importantly, Genesco highlighted the impact of the 53rd week in the prior year and a shift of a high-volume week out of QQ4 this year, which muted total revenue growth but did not deter positive momentum in earnings.
Key Performance Indicators
Revenue
Increasing
745.95M
QoQ: 25.09% | YoY: 63.01%
Gross Profit
Increasing
349.64M
46.87% margin
QoQ: 22.57% | YoY: 61.66%
Operating Income
Increasing
46.12M
QoQ: 351.68% | YoY: 246.17%
Net Income
Increasing
34.38M
QoQ: 281.60% | YoY: 241.21%
EPS
Increasing
3.06
QoQ: 273.86% | YoY: 237.22%
Revenue Trend
Margin Analysis
Financial Highlights
Key QQ4 2025 metrics (GAAP and management-adjusted where noted): Revenue $745.95M (+~1% YoY; 53rd week impact noted) ; Gross margin 46.87% (+60 bps YoY); Operating income $46.12M (+~24% YoY); EBIT/EBITDA $60.83M (EBITDA margin ~8.15%); Net income $34.38M; GAAP EPS $3.06; Diluted EPS $3.13; Adjusted EPS $3.26 vs $2.59 prior year; Comps +10% (Journeys +14%, Schuh +2%, J&M flat); Journeys store count ended at 1,278 stores; Net store closures: 63 fewer stores YoY; 16 Journeys 4.0 remodels opened since Oct; 64 closures during the year; Digital penetration 25% (Journeys); Loyalty program members >10 million; Free cash flow for Q4 $103.26M; Operating cash flow for QQ4 $116.99M; Ended QQ4 with cash at $34.01M; Total debt $485.09M; Net debt $451.08M; Inventory up 12% YoY; Positive cadence in full-year guidance albeit with FX and tariff headwinds.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
745.95M
63.01%
25.09%
Gross Profit
349.64M
61.66%
22.57%
Operating Income
46.12M
246.17%
351.68%
Net Income
34.38M
241.21%
281.60%
EPS
3.06
237.22%
273.86%
Key Financial Ratios
Gross Profit Margin
Good
46.90%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Fair
6.18%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Fair
4.61%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
2.57%
Return on assets suggests inefficient capital allocation
Return on Equity
Fair
6.29%
Return on equity is acceptable but below top-tier companies
Current Ratio
Healthy
1.60
Current ratio shows adequate liquidity to meet short-term obligations
Genesco Inc. (GCO) QQ1 2026 Results Analysis: Journeys-led Rebound Amid Tariff Headwinds with Strategic Store Transformation and Brand Diversification...