Slide 1: Exposing Genesco's Most Recent Attempts to Mislead Shareholders
Exposing Genesco’s Most Recent Attempts to Mislead Shareholders July 2026 Presented by the Radoff-Jumana Group
Slide 2: Disclaimer
Disclaimer The materials contained herein (the “Materials”) represent the opinions of Bradley L. Radoff, Jumana Capital Investments LLC, Christopher R. Martin and the other participants named in their proxy solicitation (collectively, the “Radoff-Jumana Group” or “we”) and are based on publicly avai
Slide 3: The Board Is Artificially Juicing Genesco's Awful Share Price Performance
The Board Is Artificially Juicing Genesco’s Awful Share Price Performance The Company’s presentation artificially inflates Genesco’s awful share price performance by measuring performance as of a cherry- picked June 11, 2026 date instead of as of the unaffected date. Genesco’s July 1, 2026 Presentat
Slide 4: The Board Is Artificially Juicing Genesco's Awful Share Price Performance (cont'd)
The Board Is Artificially Juicing Genesco’s Awful Share Price Performance (cont’d) Genesco’s stock has fallen significantly since June 11, 2026, raising an important question: was the Company buying back shares in the weeks and months prior to June 11, 2026 to support its underperforming share price
Slide 5: The Board Cannot Hide from its Record of Value Destruction
The Board Cannot Hide from its Record of Value Destruction Shareholders should be aware of the immense value that has been destroyed during the lengthy tenures of Chair and CEO Mimi Vaughn (-18% over 6 years), Nominating and Governance Committee Chair Joanna Barsh (-50% over 13 years) and director T
Slide 6: 'Mimi Math' Still Does Not Add Up
'Mimi Math’ Still Does Not Add Up Ms. Vaughn continues to tout her record on share buybacks – but her presentation does not stack up to reality. Under her leadership, the Company has historically repurchased shares at an average price that exceeded the market, which we view as a wasteful use of shar
Slide 7: Ms. Vaughn Does Not Deserve Credit for Journeys' Comeback
Ms. Vaughn Does Not Deserve Credit for Journeys’ Comeback Ms. Vaughn has no operating experience and does not run Journeys. Instead, it is clear to us that Andrew Gray, the CEO of Journeys Global Retail Group, has been the driver of the business’s recent turnaround. Segment Operating Profit, FY2012-
Slide 8: The Company Does Not Disclose its ROIC
The Company Does Not Disclose its ROIC The Company mentions "disciplined" and "purposeful" capital allocation on at least three separate slides, but never once discloses ROIC or any return-on-capital metric in its 58-page presentation. • Every capital allocation figure in Genesco’s presentation is a
Slide 9: Genesco Should Immediately Return Excess Cash to Shareholders
Genesco Should Immediately Return Excess Cash to Shareholders The Company is for some reason growing excess liquidity. Does it plan to pursue wasteful M&A? Genesco’s July 1, 2026 Presentation Genesco Should Return Cash to Shareholders • We believe Genesco could return $200-$300 million to shareholde
Slide 10: Why Isn't the Company Buying Back Stock?
Why Isn’t the Company Buying Back Stock? • The Company’s stock today is down ~28% and ~24% from its 10-year average purchase price and 52-week high, respectively, so shouldn’t it be strongly considering buying shares?1 • Only one sitting director has purchased Genesco shares in the open market in th
Slide 11: Contrary to the Board's Claims, Joanna Barsh Is Unqualified to Serve as a Director
Contrary to the Board’s Claims, Joanna Barsh Is Unqualified to Serve as a Director The Company falsely claims Ms. Barsh has public company leadership and senior leadership experience – in reality, she has no such experience and should be disqualified from serving on Genesco’s Board. Genesco’s June 1
Slide 12: Genesco Says Ms. Barsh Is in Charge of Board Refreshment… How's That Going?
Genesco Says Ms. Barsh Is in Charge of Board Refreshment… How’s That Going? The Company says Ms. Barsh is a “proven leader” currently overseeing Board refreshment efforts. The facts show her efforts to refresh the Board, to date, have been reactive and unsuccessful. Ms. Barsh Has Failed as Chair of
Slide 13: Genesco Says Mr. Marshall Is "Critical" – Based on His Experience and Record, We Disagree
Genesco Says Mr. Marshall Is “Critical” – Based on His Experience and Record, We Disagree The Company claims it would lose “integral expertise” if Mr. Marshall is replaced, but an examination of his biography reveals he has no relevant experience and has presided over the destruction of shareholder
Slide 14: We Believe Shareholders Will Be Worse Off With Ms. Barsh or Mr. Marshall
We Believe Shareholders Will Be Worse Off With Ms. Barsh or Mr. Marshall Joanna Barsh Thurgood Marshall, Jr. Director We Are Seeking to Remove Legacy Director We Are Seeking to Remove 13-Year Tenure, -50.2% TSR 14-Year Tenure, -53.4% TSR × No other public company board experience. × Career lawyer an
Slide 15: Setting the Record Straight on Westervelt (Westy) T. Ballard, Jr.'s Qualifications
Setting the Record Straight on Westervelt (Westy) T. Ballard, Jr.’s Qualifications Genesco’s Mischaracterizations1 The Record × “Career in energy is marked by disruption and financial ✓ Mr. Ballard was appointed Executive Vice President, CFO and Treasurer of Superior Energy Services, Inc. instabilit
Slide 16: Setting the Record Straight on Paula J. Poskon's Qualifications
Setting the Record Straight on Paula J. Poskon’s Qualifications Genesco’s Mischaracterizations1 The Record × “Raising questions whether her allegiance will be to a ✓ Every director is nominated by someone – the relevant question is how a director performs after joining the single shareholder” Board,