Slide 1: FY25 Q3 Genesco Summary Results
FY25 Q3 GENESCO Summary Results December 6, 2024
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains forward-looking statements, including those regarding future sales, earnings, operating income, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, store openings and closures, cost reductions, ESG progress and all
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures 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 adjusted earnings (loss) and ad
Slide 4: Our Footwear Focused Vision & Strategy
Our Footwear Focused Vision & Strategy Our Aspiration Create and curate leading footwear brands that represent style, innovation and self-expression; be the destination for our consumers’ favorite fashion footwear How We Will Achieve It Build enduring relationships with our target customers, grounde
Slide 5: Our Footwear Focused Vision & Strategy: Strategic Pillars
Our Footwear Focused Vision & Strategy Strategic Initiatives/Pillars Genesco’s strategy spans six strategic growth pillars 1 2 3 4 5 6 DEEPEN consumer ACCELERATE MAXIMIZE INTENSIFY insights to RESHAPE PURSUE digital to grow the relationship product strengthen the cost base to synergistic direct-to-
Slide 6: Strong Strategic Positioning
Our Footwear Focused Vision & Strategy Strategic Initiatives/Pillars Strong Strategic Positioning Retail Platform Branded Platform The destination for young adult and teen fashion Portfolio of leading owned footwear and partner of choice for leading global brands and licensed brands #1 omnichannel r
Slide 7: Q3 FY25 Highlights
Q3 FY25 • Highlights • Delivered results that exceeded expectations, marking another quarter of year-over- year increases for sales and a strong return to positive comps of 6% with Journeys up double digits to 11% • Both store and e-commerce comps were nicely positive with the e-commerce business up
Slide 8: Q3 FY25 Key Earnings Highlights
Q3 FY25 Key Earnings Highlights $596 +15% GROWTH IN MILLION IN SALES COMPARABLE E- COMMERCE SALES vs. Q3 FY2024 24% E-COMMERCE ($1.76) GAAP EPS PENETRATION vs. 21% Q3 FY2024 $0.61 NON-GAAP EPS
Slide 9: Journeys Consumer-Centric Growth Strategy
Journeys Consumer - Centric Growth Strategy Drive Product Leadership and Create Marketplace Differentiation • Diversify and add new key styles with our existing brand partners • Increase our leadership position with all our key brands • Enhance in-store, social, and digital exposure for brands • Wor
Slide 10: Q3 FY25 Key Earnings Highlights
Q3 FY25 • Key Earnings Highlights Quarter 3 Quarter 3 November 2, 2024 October 28, 2023 Total Sales Change (1) 3% -4% Comparable Sales 6% -4% Comparable E-commerce Sales 15% 8% Gross Margin % 47.8% 48.1% Selling and Admin. Expenses % 46.1% 46.2% Operating Income % (1)&(2) GAAP 1.7% 1.9% Non-GAAP 1.7
Slide 11: 9mos FY25 Key Earnings Highlights
9mos FY25 • Key Earnings Highlights Nine Months Ended Nine Months Ended November 2, 2024 October 28, 2023 Total Sales Change flat -4% Comparable Sales 0% -4% Comparable E-commerce Sales 9% 10% Gross Margin % (1) GAAP 47.3% 47.7% Non-GAAP 47.4% 47.7% Selling and Admin. Expenses % 49.3% 49.1% Operatin
Slide 12: E-Commerce Sales Highlights
Q3 FY25 • E-Commerce Sales Highlights Quarter 3 Trailing 12 Months (1) $500 $600 $516 $500 $467 11% $400 $400 $ in Millions $ in Millions $300 $300 $200 $200 $132 $111 19% $100 $100 31% $- 25% $- FY24 FY25 FY24 FY25 % of Retail Sales (2) 21% 24% 22% 24% (1) 53-week period for trailing twelve months
Slide 13: Q3 FY25 Comparable Sales
Q3 FY25 • Comparable Sales Quarter 3 November 2, 2024 October 28, 2023 Journeys Group 11% -8% Schuh Group -1% 5% Johnston & Murphy Group -1% 1% Total Comparable Sales 6% -4% Same Store Sales 4% -7% Comparable E-commerce Sales 15% 8%
Slide 14: Q3 FY25 Sales by Segment
Q3 FY25 Journeys 20% Schuh Sales by Segment Johnston & Murphy Group 13% Genesco Brands Group 6% 61% FY25 21% Net Sales $596.3 Million 14% 5% 60% FY24 Net Sales $579.3 Million
Slide 15: 9mos FY25 Sales by Segment
9mos FY25 Journeys 21% Schuh Sales by Segment Johnston & Murphy Group 15% Genesco Brands Group 6% 58% FY25 21% Net Sales $1.6 Billion 15% 7% 57% FY24 Net Sales $1.6 Billion
Slide 16: Q3 FY25 Adjusted Operating Income Statement
Q3 FY25 • Adjusted Operating Income Statement (1) Quarter 3 November 2, 2024 October 28, 2023 Oper Inc Adj Oper Oper Inc Adj Oper $ in millions (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 13.2 $ - $ 13.2 $ 12.0 $ - $ 12.0 Schuh Group 3.1 - 3.1 5.5 - 5.5 Johnston & Murphy Group
Slide 17: 9mos FY25 Adjusted Operating Income Statement
9mos FY25 • Adjusted Operating Income Statement (1) Nine Months Ended November 2, 2024 October 28, 2023 Oper Inc Adj Oper Oper Inc Adj Oper $ in millions (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ (16.8) $ - $ (16.8) $ (21.3) $ - $ (21.3) Schuh Group 4.6 - 4.6 12.1 - 12.1 Joh
Slide 18: Inventory/Sales Change by Segment
Q3 FY25 Inventory/Sales Change by Segment Q3 FY25 $ in millions Inv entory Sales (1) Total Genesco $ 523 $ 596 % Change v s. Q3 FY24 1% 3% Change v s. Q3 FY24 Journeys Group 0% 4% Schuh Group (2) -10% -2% Johnston & Murphy Group -12% -4% Genesco Brands Group (3) 108% 10% (1) Sales for the third quar
Slide 19: Q3 FY25 Retail Store Summary
Q3 FY25 • Retail Store Summary Aug. 3, Nov. 2, 2024 Open Close 2024 Journeys Group 1,039 1 12 1,028 Journeys stores (U.S.) 749 1 7 743 Journeys stores (Canada) 39 - 2 37 Journeys Kidz stores 220 - 2 218 Little Burgundy 31 - 1 30 Schuh Group 123 1 2 122 Johnston & Murphy Group 152 - - 152 Total Store
Slide 20: Retail Square Footage
Q3 FY25 Retail Square Footage Oct. 28, Net Nov. 2, % In Thousands 2023 Change 2024 Change Journeys Group 2,212 (93) 2,119 -4.2% Schuh Group 611 (7) 604 -1.1% Johnston & Murphy Group 302 (11) 291 -3.8% Total Square Footage 3,125 (111) 3,014 -3.6% Year ov er year change in retail inv entory per square
Slide 21: FY25 Outlook
FY25 Outlook (1) Note: See earnings call transcript for important details regarding guidance assumptions. Non-GAAP EPS (2) $0.80 to $1.00 per share Total Sales (2) dow n 1% to flat, or v s. FY2024 flat to up 1% excluding the 53rd w eek in FY2024 Gross Margin dow n 10 to 20 basis points v s. FY2024 S
Slide 22: FY25 Projected Retail Store Count
FY25 Projected Retail Store Count Actual Proj Proj Proj 2024 Open Close 2025 Journeys Group 1,063 8 49 1,022 Journeys stores (U.S.) 769 6 38 737 Journeys stores (Canada) 39 - 2 37 Journeys Kidz stores 222 2 6 218 Little Burgundy 33 - 3 30 Schuh Group 122 4 2 124 Johnston & Murphy Group 156 3 10 149
Slide 23: FY25 Projected Capital Spending
FY25 Projected Capital Spending Projected FY25 CapEx approx. $45 - 50 Million Omni-channel, IT, DC & Other 67% New Stores & Remodels 33% FY25 Projected Depreciation & Amortization = $52 Million
Slide 24: Appendix
Appendix
Slide 25: Q3 FY25 Non-GAAP Reconciliation
Q3 FY25 • Non-GAAP Reconciliation Quarter 3 November 2, 2024 October 28, 2023 Net of Per Share Net of Per Share In Thousands (except per share amounts) Pretax Tax Amounts Pretax Tax Amounts Earnings (loss) from continuing operations, as reported $ (18,848) $ (1.76) $ 6,589 $ 0.60 Gross margin adjust
Slide 26: 9mos FY25 Non-GAAP Reconciliation
9mos FY25 • Non-GAAP Reconciliation Nine Months Ended November 2, 2024 October 28, 2023 Net of Per Share Net of Per Share In Thousands (except per share amounts) Pretax Tax Amounts Pretax Tax Amounts Loss from continuing operations, as reported $ (53,065) $ (4.88) $ (43,918) $ (3.87) Gross margin ad
Slide 27: 9mos FY25 Adjusted Gross Margin
9mos FY25 • Adjusted Gross Margin Nine Months Ended In Thousands November 2, 2024 October 28, 2023 Gross margin, as reported $ 747,176 $ 756,753 % of sales 47.3% 47.7% Charges related to distribution model transition 1,750 - Total adjustments 1,750 - Adjusted gross margin $ 748,926 $ 756,753 % of sa
Slide 28: FY25 Q3 Genesco Summary Results
FY25 Q3 GENESCO Summary Results December 6, 2024