Genesco Inc. · NYSE:GCO

Genesco — Q4 FY2022 Earnings Presentation

28 slides from Genesco's earnings presentation, Mar 10, 2022

  1. Slide 1: FY22 Q4 Genesco Summary Results

    March 10, 2022 FY22 Q4 GENESCO Summary Results Exhibit 99.2

  2. Slide 2: Forward-looking statements

    This presentation contains forward-looking statements, including those regarding future sales, earnings, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, store openings and closures and all other statements not addressing solely historical facts or present con

  3. Slide 3: 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 earnings and earnings per share and operating income. This

  4. Slide 4: Our Footwear Focused Vision & Strategy

    4 Our Footwear Focused Vision & Strategy Vision

  5. Slide 5: Strategic Initiatives/Pillars

    5 Strategic Initiatives/Pillars Our Footwear Focused Vision & Strategy

  6. Slide 6: Highlights Q4 FY22

    Highlights Q4 FY22 6 Grew revenue 14% over last year and 7% over fiscal 20. Remarkably we achieved this despite overall inventory being down almost 20% versus last year and down by one-third compared with the fourth quarter two years ago during the key holiday period. Increased gross margin by 310 b

  7. Slide 7: Q4 FY22 Key Earnings Highlights

    Q4 FY22 Key Earnings Highlights $728 MILLION IN SALES +36% +12% +7% vs. FY20 GROWTH IN E-COMMERCE SALES VS FY20 $4.41 GAAP EPS vs. $2.49 FY20 $3.48 Non-GAAP EPS vs. $3.09 FY20 GROWTH IN NON-GAAP OPERATING INCOME VS FY20 GROSS MARGIN +310 basis points vs. FY21 +200 basis points vs. FY20

  8. Slide 8: Key Earnings Highlights Q4 FY22

    Key Earnings Highlights Q4 FY22

  9. Slide 9: Highlights FY22

    Highlights FY22 9 Grew revenue more than 35% over last year and 10% over fiscal 20. Gross margin expansion and meaningful expense leverage drove record operating income for our footwear businesses, as we achieved an operating margin above 6%. Generated $240 million of operating cash flow, putting us

  10. Slide 10: FY22 Key Earnings Highlights

    FY22 Key Earnings Highlights

  11. Slide 11: E-Commerce Sales Highlights Q4 FY22

    E-Commerce Sales Highlights Q4 FY22 % of Retail Sales (1) 17% 27% 22% 13% 27% 21% (1) Retail sales represent combined store sales and e-commerce sales

  12. Slide 12: Q4 FY22 Total Sales

    Q4 FY22 Total Sales Quarter 4 Total Sales Change Compared to FY21 FY20 Journeys Group 2% 2% Schuh Group 33% 15% Johnston & Murphy Group 51% -12% Licensed Brands 98% 263% Total Sales Change 14% 7% GENESCO fly ED wundIRS§ schuh smsroawnron TEES Se hi

  13. Slide 13: Q4 FY22 Sales by Segment

    Q4 FY22 Sales by Segment FY20 Net Sales $677.6 Million FY22 Net Sales $727.7 Million FY21 Net Sales $636.8 Million Journeys Group Schuh Johnston & Murphy Group Licensed Brands 13

  14. Slide 14: YTD FY22 Sales by Segment

    YTD FY22 Sales by Segment FY20 Net Sales $2.2 Billion FY22 Net Sales $2.4 Billion FY21 Net Sales $1.8 Billion Journeys Group Schuh Johnston & Murphy Group Licensed Brands 14

  15. Slide 15: Q4 FY22 Adjusted Operating Income by Segment

    Q4 FY22 Adjusted Operating Income by Segment (1)

  16. Slide 16: YTD FY22 Adjusted Operating Income (Loss) by Segment

    YTD FY22 Adjusted Operating Income (Loss) by Segment (1)

  17. Slide 17: Q4 FY22 Inventory/Sales Change by Segment

    Q4 FY22 Inventory/Sales Change by Segment

  18. Slide 18: Q4 FY22 Retail Stores Summary

    Q4 FY22 Retail Stores Summary

  19. Slide 19: Retail Store Square Footage and Inventory per Square Foot

    January 30, Net January 29, (in thousands) 2021 Change 2022 _% Change Journeys Group 2,300 (38) 2,262 “1.7% Schuh Group 594 - 594 0.0% Johnston & Murphy Group 339 (19) 320 233 (57) Total Square Footage 176 Year over year change in retail inventory per square foot ‘SuNseg WGI ke GENESCO surgi schuh J

  20. Slide 20: FY23 Outlook

    For Position Only FY23 Outlook (1) Note: See earnings call transcript for important details regarding guidance assumptions. (1) On a Non-GAAP basis, see GAAP to Non-GAAP adjustments in appendix (2) Excludes projected spend for the new corporate headquarters building. Additional Commentary: Expect ba

  21. Slide 21: FY23 Projected Retail Store Count

    FY23 Projected Retail Store Count For Position Only

  22. Slide 22: FY23 Projected Capital Spending

    FY23 Projected Capital Spending Omni-channel, IT, DC & Other New Stores & Remodels Projected FY23 CapEx approx. $55 Million(1) FY23 Projected Depreciation & Amortization = $48 Million (1) Excludes projected spend for the new corporate headquarters building. The projected capex for the new HQ in FY23

  23. Slide 23: Appendix

    Appendix

  24. Slide 24: Non-GAAP Reconciliation Q4 FY22

    Non-GAAP Reconciliation Q4 FY22

  25. Slide 25: Non-GAAP Reconciliation YTD FY22

    Non-GAAP Reconciliation YTD FY22

  26. Slide 26: Q4 FY22 Adjusted Selling and Administrative Expenses

    Q4 FY22 Adjusted Selling and Administrative Expenses 26

  27. Slide 27: YTD FY22 Adjusted Selling and Administrative Expenses

    YTD FY22 Adjusted Selling and Administrative Expenses 27

  28. Slide 28: FY22 Q4 Genesco Summary Results

    March 10, 2022 FY22 Q4 GENESCO Summary Results

Genesco — Q4 FY2022 Earnings Presentation on 6ix