Genesco Inc. · NYSE:GCO
Genesco — Q1 FY2022 Earnings Presentation
18 slides from Genesco's earnings presentation, May 27, 2021
Slide 1: FY22 Q1 Summary Results
FY22 Q1 GENESCO May 27, 2021 Summary Results 1 Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains forward-looking statements, including those regarding the performance outlook for the Company and all other statements not addressing solely historical facts or present conditions. Forward- looking statements are usually identified by or are associated with such words as “
Slide 3: Non-GAAP Financial Measures
Non-GAAP We report consolidated financial results in accordance with generally accepted accounting principles (“GAAP”). However, to supplement these consolidated financial results our presentation includes certain non-GAAP financial measures such as earnings and earnings per share and operating inco
Slide 4: Q1 FY22 Highlights
Revenue and adjusted operating profit exceeded pre-pandemic levels, increasing 9% and 125%, respectively, over Q1 FY20 two years ago. Higher operating profit combined with pre-pandemic share repurchases delivered outstanding Q1 EPS of $0.79 compared with a loss of $3.65 last year and positive EPS of
Slide 5: Q1 FY22 Key Earnings Highlights
Q1 FY22 Key Earnings Highlights $539 MILLION IN SALES +43% E-COMMERCE COMP $0.60 GAAP EPS $0.79 Non-GAAP EPS +125% GROWTH IN NON-GAAP OPERATING INCOME VS FY20 5 +9% vs. FY20 vs. $0.36 FY20 vs. $0.33 FY20
Slide 6: Key Earnings Highlights Q1 FY22
Key Earnings Highlights Q1 FY22 6
Slide 7: Q1 FY22 Total Sales Change
Q1 FY22 Total Sales Change Quarter 1 Total Sales Change Compared to FY21 FY20 Journeys Group 123% 16% Schuh Group 46% -11% Johnston & Murphy Group 26% -35% Licensed Brands 84% 122% Total Sales 93% 9% GENESCO ifs ED ound} schuh sowsamen Sig VOY Lh
Slide 8: Q1 FY22 Sales by Segment
Q1 FY22 Sales by Segment 65% 3% 15% 65% 3% FY21 Net Sales $279 Million FY22 Net Sales $539 Million FY20 Net Sales $496 Million Journeys Group Schuh Johnston & Murphy Group Licensed Brands 8
Slide 9: Adjusted Operating Income (Loss) by Segment Q1 FY22
(1) Adjusted Operating Income (Loss) by Segment Q1 FY22 For Position Only 9
Slide 10: Q1 FY22 Inventory/Sales Change by Segment
Q1 FY22 Inventory/Sales Change by Segment 10
Slide 11: Retail Stores Summary Q1 FY22
Retail Stores Summary Q1 FY22 11
Slide 12: Q1 FY22 Retail Square Footage
Q1 FY22 Retail Square Footage 12
Slide 13: FY22 Projected Retail Store Count
FY22 Projected Retail Store Count For Position Only 13
Slide 14: FY22 Projected CapEx and Depreciation & Amortization
53% 48% FY22 Projected Depreciation & Amortization = $46 Million Q1 FY22 Projected Retail Spending Excludes projected spend for the new Corporate Headquarters building, which is still in the planning stage. The projected capex for the new HQ in FY22 is approximately $16 million net of tenant allowan
Slide 15: Appendix
Appendix 15
Slide 16: Non-GAAP Reconciliation Q1 FY22
Non-GAAP Reconciliation Q1 FY22 16
Slide 17: Adjusted Selling and Administrative Expenses Q1 FY22
Adjusted Selling and Administrative Expenses Q1 FY22 17
Slide 18: FY22 Q1 Genesco Summary Results
FY22 Q1 GENESCO May 27, 2021 Summary Results 18