GENESCO INC GCO
Genesco Inc., incorporated in 1934 in the State of Tennessee, is a leading retailer and wholesaler of branded footwear, apparel and accessories with net sales for Fiscal 2026 of $2.4 billion. During Fiscal 2026, we operated four reportable business segments (not including corporate): (i) Journeys Group, comprised of the Journeys®, Journeys Kidz® and Little Burgundy® retail footwear chains and e-commerce operations; (ii) Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations; (iii) Johnston & Murphy Group, comprised of Johnston & Murphy® retail operations, e-commerce operations and wholesale distribution of products under the Johnston & Murphy® brand; and (iv) Genesco Brands Group, comprised of the licensed Dockers® ("Dockers") and Levi's® ("Levi's") brands, as well as other brands we license for footwear. We also source, design, market and distribute footwear, apparel and accessories at wholesale, primarily under our Johnston & Murphy brand, the licensed Dockers® brand, the licensed Levi's® brand and other brands that we license for footwear to over 900 retail accounts in the United States, including a number of leading department, discount, and specialty stores as well as e-commerce retailers. Our license with Levi's expires in May 2026 and we are in the process of exiting that business.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $2.44B | $2.33B | $2.32B | $2.38B | $2.42B | $1.79B | $2.20B | $2.19B | $2.13B |
| Cost of revenue | — | $1.31B | $1.23B | $1.23B | $1.25B | $1.24B | $982.1M | $1.13B | $1.14B | $1.12B |
| Gross profit | — | $1.13B | $1.10B | $1.10B | $1.14B | $1.18B | $804.5M | $1.06B | $1.05B | $1.01B |
| SG&A | — | $1.10B | $1.08B | $1.08B | $1.04B | $1.03B | $813.8M | $966.4M | $962.1M | $929.2M |
| Operating income | — | $17.3M | $13.9M | -$13.5M | $93.2M | $155.6M | -$107.2M | $83.3M | $81.8M | $74.4M |
| Interest expense | — | $4.1M | $4.2M | $7.8M | $2.9M | $2.4M | $5.1M | $1.3M | $4.1M | $5.4M |
| Pre-tax income | — | $12.6M | $9.3M | -$21.8M | $90.1M | $153.0M | -$111.7M | $82.4M | $78.3M | $69.0M |
| Income tax | — | $685.0K | $28.8M | $1.9M | $17.8M | $38.0M | $55.6M | $20.7M | $27.0M | $32.3M |
| Net income | — | $13.0M | -$19.0M | -$17.0M | $72.0M | $115.0M | -$56.4M | $61.4M | -$51.9M | -$111.8M |
| EPS, basic | — | 1.28 | -1.74 | -1.50 | 5.77 | 8.11 | -3.97 | 3.95 | -2.68 | -5.82 |
| EPS, diluted | — | 1.25 | -1.74 | -1.50 | 5.66 | 7.92 | -3.97 | 3.92 | -2.66 | -5.80 |
| Shares, diluted (wtd. avg.) | — | $10.6M | $10.8M | $11.2M | $12.7M | $14.5M | $14.2M | $15.7M | $19.5M | $19.3M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $105.4M | $34.0M | $35.2M | $48.0M | $320.5M | $215.1M | $81.4M | $167.4M | $39.9M |
| Receivables | — | $39.8M | $48.9M | $53.6M | $40.8M | $39.5M | $31.4M | $29.2M | $132.4M | $33.6M |
| Inventory | — | $433.9M | $425.2M | $379.0M | $458.0M | $278.2M | $291.0M | $365.3M | $366.7M | $388.4M |
| Total current assets | — | $618.5M | $608.8M | $507.4M | $572.7M | $709.8M | $667.6M | $508.2M | $731.0M | $693.1M |
| Property, plant and equipment | — | $237.7M | $228.0M | $240.3M | $233.7M | $216.3M | $207.8M | $238.3M | $277.4M | $298.5M |
| Goodwill | — | $9.5M | $8.9M | $9.6M | $38.1M | $38.6M | $38.5M | $122.2M | $93.1M | $100.3M |
| Other intangibles | — | $27.9M | $26.1M | $27.2M | $27.4M | $29.9M | $30.9M | $36.4M | $943.0K | $1.3M |
| Total assets | — | $1.39B | $1.34B | $1.33B | $1.46B | $1.56B | $1.59B | $1.68B | $1.18B | $1.32B |
| Accounts payable | — | $156.7M | $168.1M | $114.6M | $145.0M | $152.5M | $150.4M | $135.8M | $158.6M | $123.3M |
| Short-term debt | — | — | — | — | $0 | $0 | $0 | $0 | $9.0M | $1.8M |
| Total current liabilities | — | $376.3M | $379.8M | $319.5M | $360.8M | $431.7M | $402.9M | $361.9M | $276.2M | $255.1M |
| Long-term debt | — | $3.4M | $0 | $34.7M | $44.9M | $15.7M | $33.0M | $14.4M | $56.8M | $86.6M |
| Total liabilities | — | $825.9M | $788.6M | $758.7M | $849.5M | $959.6M | $1.02B | $1.06B | $443.5M | $484.6M |
| Retained earnings | — | $265.8M | $265.9M | $296.8M | $346.9M | $350.2M | $320.9M | $378.6M | $508.6M | $603.9M |
| Total equity | — | $567.0M | $547.0M | $571.2M | $607.0M | $602.5M | $566.8M | $619.3M | $737.6M | $830.7M |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | $145.8M | $87.9M | $94.8M | -$164.9M | $239.9M | $157.7M | $117.2M | $237.1M | $164.6M |
| Depreciation and amortisation | — | $53.3M | $52.5M | $49.4M | $42.8M | $43.0M | $46.5M | $49.6M | $76.9M | $78.3M |
| Stock-based compensation | — | $12.2M | $12.9M | $14.0M | $14.0M | $9.1M | $8.5M | — | — | — |
| Capital expenditure | — | $62.1M | $41.1M | $60.3M | $59.9M | $53.9M | $24.1M | $29.8M | $57.2M | $127.9M |
| Investing cash flow | — | -$62.1M | -$41.1M | -$60.0M | -$59.9M | -$33.9M | -$24.0M | $53.3M | -$56.5M | -$127.6M |
| Financing cash flow | — | -$13.3M | -$47.0M | -$47.6M | -$45.5M | -$101.2M | -$3.2M | -$256.5M | -$52.8M | -$47.4M |
| Buybacks | — | $12.6M | $9.8M | $32.0M | $77.5M | $78.1M | $0 | $190.4M | $44.9M | $16.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-251478.
Others in SIC 5661
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|---|---|---|---|---|
| BOOT | Boot Barn Holdings, Inc. | $4.67B | 21.0x | 17.9% |
| SHOE | SHOE STATION GROUP INC | $382.0M | 7.4x | -5.6% |
| DBI | Designer Brands Inc. | $264.3M | — | -3.9% |