Genesco (NYSE:GCO) reported fourth-quarter and full-year fiscal 2026 results on Friday that significantly outpaced the prior year, driven by a powerful holiday performance at its Journeys and Johnston & Murphy banners.
The Nashville-based footwear retailer posted fourth-quarter net sales of $800 million, a 7% increase year-over-year.
The results were highlighted by a 9% surge in comparable sales, reflecting a robust recovery in brick-and-mortar traffic alongside steady 8% growth in e-commerce.
For the full fiscal year ended January 31, 2026, Genesco’s revenue climbed 5% to $2.4 billion.
The company demonstrated significant operational leverage, with selling and administrative expenses improving by 120 basis points for the year.
This efficiency helped swing the bottom line back to profitability, with GAAP earnings reaching $1.25 per share compared to a loss of $1.80 in fiscal 2025.
On a non-GAAP basis, full-year earnings of $1.45 per share comfortably beat the $0.94 recorded in the previous year, as the company benefited from reduced inventory markdowns and a more streamlined retail footprint.