Slide 1: FY25 Q4 Genesco Summary Results
FY25 Q4 GENESCO Summary Results • March 7, 2025
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, and all other statem
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 earnings (loss) and earnings
Slide 4: Q4 FY25 Highlights
Q4 FY25 Highlights Total Total Sales Operating GAAP EPS Comparable Change Income Sales Increased +1% Increased $3.06 +10% +14% Total Sales +24% NON-GAAP Total Change, EPS Comparable Adjusting for Sales 53rd Week • Stores +6% $3.26 • Digital +18% +7%
Slide 5: Q4 FY25 Snapshot
Q4 FY25 Snapshot SALES GROSS MARGIN GAAP EPS $746M 46.9% $3.06 Non-GAAP EPS $3.26 Up 1% vs Q42024 with 30% Digital Up 60 BPS vs Q4 2024 SG&A GAAP OI INVENTORY $46.1M $302M Non-GAAP OI +12% 40.5% of sales and 60 bps leverage vs Q4 FY24 $47.9M Healthy level to support Journeys sales growth
Slide 6: 12mos FY25 Snapshot
12mos FY25 Snapshot SALES GROSS MARGIN GAAP EPS $2.3B 47.2% ($1.80) Non-GAAP EPS $0.94 Flat vs FY24 with 25% Digital Down 10 BPS vs FY24 GAAP OI SG&A SHARE REPURCHASES $13.9M $1.1B Non-GAAP OI $9.8M 46.4% of sales and 10 bps leverage vs FY24 $18.9M In the year, approximately 400,000 shares
Slide 7: Q4 & FY25 Highlights
Q4 & FY25 • Highlights Q4 FY25 ▪ Revenue of $746 million increased 1%, exceeding ▪ Digital business increased double digits, expanding our expectations even with one less week of sales digital penetration to 25%, effectively doubling the size this quarter due to the 53-week calendar shift, which of
Slide 8: Our Footwear Focused Vision & Strategy
Our Footwear Focused Vision & Strategy OUR ASPIRATION HOW WE WILL ACHIEVE IT Create and curate leading footwear Build enduring relationships with our brands that represent style, innovation and target customers, grounded in unparalleled self-expression; be the destination for our consumer and market
Slide 9: Our Footwear Focused Vision & Strategy
Our Footwear Focused Vision & Strategy Strategic Initiatives/Pillars SIGNIFICANT ACHIEVEMENTS ACROSS ALL STRATEGIC GROWTH PILLARS 1 2 3 4 5 6 DEEPEN INTENSIFY RESHAPE & ACCELERATE MAXIMIZE PRODUCT PURSUE DIGITAL PHYSICAL CONSUMER REINVEST INNOVATION SYNERGISTIC & DIGITAL INSIGHTS & TREND ACQUISITION
Slide 10: Our Footwear Focused Vision & Strategy
Our Footwear Focused Vision & Strategy Strategic Initiatives/Pillars OUR PLATFORMS ENABLE THE STRATEGY UNITED BY DTC CAPABILITIES 1 2 3 4 5 ACCELERATE MAXIMIZE DEEPEN INTENSIFY RESHAPE & DIGITAL PHYSICAL CONSUMER PRODUCT REINVEST & DIGITAL INSIGHTS INNOVATION RETAIL PLATFORM BRANDED PLATFORM The des
Slide 11: What is Journeys Strategic Growth Plan?
What is Journeys Strategic Growth Plan? Multi-Brand, multi-category offering to inspire the journey from one you to the next
Slide 12: Unique Consumer Positioning
Unique Consumer Positioning Style-Led Not Sneaker Head There is white space in the market for Journeys to expand its reach with teen female consumers:
Slide 13: Expand Consumer Segmentation
Expand Consumer Segmentation Sharpen our consumer focus targeting three consumer segments reaching a wider teen audience. @ANTI-HERO @STYLECHASER @DYNAMICEXPLORER Independent What’s cool & fashionable Many different styles Heritage Journeys consumer More mainstream What’s new & next Self-expression
Slide 14: Key Strategies
Key Strategies Diversify Our Footwear Leadership Invest In Our Journeys Brand Elevate Our Customer Experience
Slide 15: Diversify Our Footwear Leadership
Diversify Our Footwear Leadership Evolve the assortment to position Journeys as a leading footwear destination & create sustainable growth. • Long term strategic partnership with power brands to create leadership, flexibility, differentiation, and scale • Build athletic as third pillar of assortment
Slide 16: Invest In Our Journeys Brand
Invest In Our Journeys Brand Reenergize the Journeys brand, making it the ultimate destination for discovery to reach and excite more consumers FROM TO House of brands Branded house Singular focus on Anti-Hero Expanded segmentation Over reliance on tactical More balanced, full funnel marketing and b
Slide 17: Elevate Our Customer Experience
Elevate Our Customer Experience Refreshed concept that fuels discovery Remodels Closures Digital
Slide 18: Journeys 4.0: Next Generation Store Concept
4.0: Journeys Next Generation Store Concept
Slide 19: Q4 FY25 Key Earnings Highlights
Q4 FY25 • Key Earnings Highlights Quarter 4 (1) Quarter 4 (1) Feb. 1, 2025 Feb. 3, 2024 Total Sales Change 1% 2% Comparable Sales 10% -4% Comparable E-commerce Sales 18% 5% Gross Margin % 46.9% 46.3% Selling and Admin. Expenses % 40.5% 41.1% Operating Income % (2) GAAP 6.2% 5.0% Non-GAAP 6.4% 5.2% E
Slide 20: 12mos FY25 Key Earnings Highlights
12mos FY25 • Key Earnings Highlights Quarter Fiscal4(1) Year Quarter Fiscal4(1) Year Feb 3, 2025 (1) Jan 28, 2024 (1) Ended Ended Feb. 1, 2025 Feb. 3, 2024 Total Sales Change 0% -3% Comparable Sales 3% -4% Comparable E-commerce Sales 12% 8% Gross Margin % (2) GAAP 47.2% 47.3% Non-GAAP 47.2% 47.3% Se
Slide 21: FY25 Strong Digital Growth
FY25 • Strong Digital Growth Quarter 4 Fiscal Year (1) $500 $600 $539 $500 $482 12% $400 $400 $ in Millions $ in Millions $300 $300 $207 $200 $184 12% $200 $100 $100 31% $- 25% $- FY24 FY25 FY24 FY25 % of Retail Sales (2) 27% 30% 23% 25% (1) 52-week period for fiscal year ended February 1, 2025 and
Slide 22: Q4 FY25 Comparable Sales
Q4 FY25 • Comparable Sales Quarter 4 February 1, 2025 February 3, 2024 Journeys Group 14% -5% Schuh Group 2% -5% Johnston & Murphy Group 0% 8% Total Comparable Sales 10% -4% Same Store Sales 6% -7% Comparable E-commerce Sales 18% 5%
Slide 23: 12mos FY25 Sales by Segment
12mos FY25 Journeys Schuh Johnston & Murphy Group Sales by Genesco Brands Group Segment 21% 14% 5% 60% FY25 (1) Net Sales $2.3 Billion (1) Fiscal year for the 52-week period ended February 1, 2025 and the 53-week period ended February 3, 2024.
Slide 24: Q4 FY25 Inventory/Sales Change by Segment
Q4 FY25 Inventory/Sales Change by Segment Q4 FY25 ($ in millions) Inventory Sales (1) Total Genesco $ 425 $ 746 % Change from prior year 12% 1% Change vs. Q4 FY24 Journeys Group 13% 5% Schuh Group (2) -11% -4% Johnston & Murphy Group 5% -6% Genesco Brands Group (3) 114% -12% (1) Rolling 3-month sale
Slide 25: Retail Store Summary
Q4 and 12mos FY25 Retail Store Summary Nov. 2, Feb. 1, Q4 FY25 2024 Open Close 2025 Journeys Group 1,028 1 23 1,006 Schuh Group 122 2 0 124 Johnston & Murphy Group 152 1 5 148 Total Stores 1,302 4 28 1,278 Feb. 3, Feb. 1, 12 mos FY25 2024 Open Close 2025 Journeys Group 1,063 7 64 1,006 Schuh Group 1
Slide 26: FY26 Outlook
FY26 • Outlook (1) Note: See earnings call transcript for important details regarding guidance assumptions Non-GAAP EPS $1.30 to $1.70 per share Total Sales vs. FY2025 flat to up 1% Gross Margin vs. FY2025 down 20 to 30 basis points SG&A Expenses vs. FY2025 50 to 70 basis points leverage Tax Rate ~
Slide 27: FY26 Projected Store Count
FY26 Projected Store Count Actual Proj Proj Proj 2025 Open Close 2026 Journeys Group 1,006 5 57 954 Schuh Group 124 1 7 118 Johnston & Murphy Group 148 16 4 160 Total Stores 1,278 22 68 1,232 Estimated change in -3% square feet
Slide 28: FY26 Projected Capital Spending
FY26 • Projected Capital Spending Projected FY26 CapEx approx. $50 - 65 Million Omni-channel, IT, DC & Other 70% New Stores & Remodels 30% FY26 Projected Depreciation & Amortization = $50 - 55 Million
Slide 29: Appendix
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Slide 30: Q4 FY25 Adjusted Operating Income Statement
Q4 FY25 • Adjusted Operating Income Statement (1) Quarter 4 (2) Feb. 1, 2025 Feb. 3, 2024 Oper Inc Adj Oper Oper Inc Adj Oper In Thousands (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 43,152 $ - $ 43,152 $ 32,337 $ - $ 32,337 Schuh Group 5,637 - 5,637 9,325 - 9,325 Johnston & M
Slide 31: 12mos FY25 Adjusted Operating Income Statement
12mos FY25 • Adjusted Operating Income Statement (1) Fiscal Year Ended (2) Feb. 1, 2025 Feb. 3, 2024 Oper Inc Adj Oper Oper Inc Adj Oper In Thousands (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 26,345 $ - $ 26,345 $ 11,072 $ - $ 11,072 Schuh Group 10,199 - 10,199 21,435 - 21,4
Slide 32: Q4 FY25 Non-GAAP Reconciliation
Q4 FY25 • Non-GAAP Reconciliation Quarter 4 (1) Feb. 1, 2025 Feb. 3, 2024 Net of Per Share Net of Per Share In Thousands (except per share amounts) Pretax Tax Amounts Pretax Tax Amounts Earnings from continuing operations, as reported $ 33,553 $ 3.06 $ 20,290 $ 1.84 Gross margin adjustment: Charges
Slide 33: 12mos FY25 Non-GAAP Reconciliation
12mos FY25 • Non-GAAP Reconciliation Fiscal Year Ended (1) Feb. 1, 2025 Feb. 3, 2024 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 $ (19,512) $ (1.80) $ (23,628) $ (2.10) Gross margin adjus
Slide 34: 12mos FY25 Adjusted Gross Margin
12mos FY25 • Adjusted Gross Margin Fiscal Year Ended In Thousands Feb. 1, 2025 Feb. 3, 2024 Gross margin, as reported $ 1,096,813 $ 1,098,820 % of sales 47.2% 47.3% Charges related to distribution model transition 1,750 - Total adjustments 1,750 - Adjusted gross margin $ 1,098,563 $ 1,098,820 % of s
Slide 35: FY25 Q4 Genesco Summary Results
FY25 Q4 GENESCO Summary Results • March 7, 2025