Genesco Q1 Sales Rise on Journeys Growth
(NYSE:GCO) reported first-quarter fiscal 2026 results on June 4, 2025, with revenue rising 4% year-over-year (YoY) to $474 million and comparable sales up 5%, driven primarily by an 8% year-over-year comparable sales increase at its Journeys banner. Management reaffirmed adjusted earnings per share (EPS) guidance of $1.30 to $1.70 for fiscal 2026 (period ending Jan. 31, 2026), citing strong cost control, aggressive tariff mitigation efforts, and continued strategic transformation in the Journeys business.
The Journeys banner achieved an 8% comparable sales increase in the quarter, marking the third consecutive period of strong gains. Athletic footwear now exceeds one-third of Journeys sales, and average selling prices climbed 12% YoY. Across the company, both in-store and e-commerce channels registered mid- to high-single-digit growth.
The breadth of Journeys’ comp growth across brands and channels, alongside a 12% increase in average footwear selling prices, signals management’s successful repositioning towards higher-value, trend-responsive consumer segments.
Source Fool.com
