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Genesco Q2 revenue slips to $530 million, down 3% year over year
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Genesco Q2 revenue slips to $530 million, down 3% year over year

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  • Genesco (NYSE:GCO) reported second quarter fiscal 2027 net sales of $530 million, down 3% year over year.
  • The company improved operating margins and reported GAAP EPS of $0.32 compared with a $1.79 loss last year.
  • Genesco raised adjusted EPS guidance to the high end of its $2.00 to $2.40 range for fiscal 2027.

Genesco (NYSE:GCO) reported second quarter fiscal 2027 results for the three months ended August 1, 2026, with net sales of $530 million, down 3% compared with the prior-year period.

Comparable sales declined 1% year over year, with store sales increasing 1% while e-commerce sales decreased 6% during the quarter.

Genesco reported GAAP earnings per share of $0.32 compared with a GAAP loss per share of $1.79 in the prior-year quarter, while Non-GAAP EPS was a loss of $0.83 compared with a loss of $1.14.

The company’s gross margin improved 560 basis points year over year due to tariff refunds, while adjusted gross margin increased 140 basis points, and operating margin improved 330 basis points with adjusted operating margin rising 100 basis points.

Looking ahead, Genesco raised its adjusted EPS guidance to the high end of its previous $2 to $2.40 range, compared with the midpoint of the range provided in its prior update.

The company operates retail brands focused on footwear and accessories, with performance driven by store sales, e-commerce activity, product margins, and operating costs.

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