Genesco Inc. · NYSE:GCO
Genesco — Q1 2027 Earnings Presentation
29 slides from Genesco's earnings presentation, May 29, 2026
Slide 1: FY27 Q1 Genesco Summary Results
Exhibit 99.2 FY27 Q1 GENESCO Summary Results May 29, 2026
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, tariff refunds, capital expenditures, depreciation and amortization, tax rates, store openings and closures, cost reductions, and
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: Q1 FY27 Financial Snapshot
Q1 FY27 Financial Snapshot SALES COMPS GROSS MARGIN $487M +2% 47.0% Up 3% vs Q1 FY2026 with Stores Johnston & Murphy Journeys Up 30 bps vs Q1 FY2026 e-commerce 24% of retail sales +3% +7% +5% GAAP SG&A GAAP OI GAAP EPS 52.2% ($15.4M) ($1.42) and 30 bps leverage vs Q1 FY2026 $13 million improvement v
Slide 5: Q1 FY27 Highlights
Q1 FY27 Highlights ▪ The first quarter exceeded our expectations with increased sales and gross margin along with meaningful expense leverage for 100 basis points of adjusted operating income improvement ▪ Overall comps grew 2%, marking the seventh consecutive quarter of positive comps for the compa
Slide 6: Footwear First Strategy
Footwear First Strategy We unite footwear-led brands that inspire consumers with elevated, on-trend style
Slide 7: What We Do
What We Do Footwear is what we know, and our brands are where we win. By combining winning assortments, distinctive brands, and exceptional customer experiences, we attract more customers and create loyalty. Our people are our advantage. We have the teams, the skills, and the drive for success.
Slide 8: Growth Drivers Powered by Performance
Growth Drivers Powered by Performance 1 2 3 Curate & Elevate Create Create Distinct Exceptional Winning Brands Experiences Product We activate brands We offer compelling We focus on having with unique stories, physical and digital the right footwear, product, and environments that in the right style
Slide 9: 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 10: Style-Led Footwear Destination
Unique Consumer Positioning There is white space in the market for Journeys to expand its reach amongst teens with a sharp focus on females STYLE-LED FOOTWEAR DESTINATION
Slide 11: Target Consumer Segments
Target Consumer Segments Our three consumer segments reach a wider teen audience with a more intentional focus @DYNAMICEXPLORER @STYLECHASER @ANTI-HERO Many different styles What’s cool & fashionable Independent What’s new & next More mainstream Heritage Journeys consumer Seeks latest trend Later tr
Slide 12: Strategies
DIVERSIFY OUR FOOTWEAR LEADERSHIP STRATEGIES BUILD OUR BRAND RE-IMAGINE OUR STORE FLEET DRIVE DIGITAL EVOLUTION UNLOCK THE POWER OF OUR PEOPLE
Slide 13: Diversify Our Footwear Leadership
STRATEGIES DIVERSIFY Lead with Her OUR Elevate & Diversify the Assortment FOOTWEAR Extend Key Franchise LEADERSHIP Leadership Drive Newness and Trend Leadership ASP Increases 13
Slide 14: Build Our Brand
STRATEGIES Life on Loud and New Creative Concept for BTS BUILD and Holiday OUR Invest in Journeys Brand BRAND Presence for Greater Awareness Elevate Editorial Content and Trend Positioning Expand Brand Activation Launch Community Platform
Slide 15: Re-Imagine Our Store Fleet
STRATEGIES RE-IMAGINE Double 4.0 Store Count OUR Pursue Targeted Expansions & STORE Relocations FLEET Strengthen Key Markets Test Journeys Kidz 4.0 Concept
Slide 16: Drive Digital Evolution
STRATEGIES DRIVE Improve Online Discoverability within DIGITAL Agentic Search EVOLUTION Elevate the Site Experience Increase Customer Acquisition & Retention 16 Including All-Access
Slide 17: Financials
Little wey Burgundy SCNUN JOHNSTON & MURPHY. G Genesco
Slide 18: Q1 FY27 Key Earning Highlights
Q1 FY27 Key Earning Highlights Quarter 1 Quarter 1 May 2, 2026 May 3, 2025 Total Sales Change 3% 4% Total Comparable Sales 2% 5% Journeys Group 5% 8% Schuh Group -9% 1% Johnston & Murphy Group 7% -2% Same Store Sales 3% 5% Comparable E-commerce Sales 0% 7% Gross Margin % (1) GAAP 47.0% 46.7% Non-GAA
Slide 19: Q1 FY27 Capital Allocation Snapshot
Q1 FY27 Capital Allocation Snapshot TOTAL LIQUIDITY INVENTORY CAPITAL EXPENDITURES ~$353M $477M $15M Liquidity is comprised of +6% vs Q1 FY2026 ~95% allocated to stores cash and borrowing available ~5% to other under bank facilities SHARE REPURCHASES STORE COUNT JOURNEYS 4.0 None in quarter; 1,208 2
Slide 20: FY27 Strong Digital Growth
FY27 Strong Digital Growth Quarter 1 Trailing 12 months $500 $600 $577 $545 6% $500 $400 $400 $ in Millions $ in Millions $300 $300 $200 $200 $98 $103 5% $100 $100 31% $- 25% $- FY26 FY27 FY26 FY27 % of Retail Sales (1) 23% 24% 25% 26% (1) Retail sales represent combined store sales and e-commerce s
Slide 21: Q1 FY27 Net Sales by Segment
Q1 FY27 Q1 FY27 Net Sales $487.0 Million Sales by 19% Segment 17% 6% 58% Journeys Schuh Johnston & Murphy Group Genesco Brands Group
Slide 22: Q1 and Projected 12 Mos FY27 Retail Store Summary
Q1 & Proj 12 mos FY27 • Retail Store Summary Jan. 31, May 2, Q1 FY27 2026 Open Close 2026 Journeys Group 965 0 25 940 Schuh Group 118 1 5 114 Johnston & Murphy Group 153 1 0 154 Total Stores 1,236 2 30 1,208 Jan. 31, Jan. 30, Projected 12 mos FY27 2026 Open Close 2027 Journeys Group 965 6 59 912 Sch
Slide 23: FY27 Outlook
FY27 Outlook (1) Note: See earnings call transcript for important details regarding guidance assumptions $2.00 to $2.40 per share (midpoint likely outcome) Non-GAAP EPS (vs previous $1.90 to $2.30 per share) Total Sales vs. FY2026 down 1% to flat Comparable Sales up 1% to 2% Gross Margin vs. FY2026
Slide 24: Appendix
Little Burgundy 2% SCHUN _ JOHNSTON & MURPHY. G Genesco BRANDS GROUP
Slide 25: Q1 FY27 Adjusted Operating Income Statement
Q1 FY27 • Adjusted Operating Income (Loss) Statement (1) Quarter 1 May 2, 2026 May 3, 2025 Operating Asset Impair Adj Operating Operating Asset Impair Adj Operating In Thousands Income (Loss) & Other Adj Income (Loss) Income (Loss) & Other Adj Income (Loss) Journeys Group $ (11,555) $ - $ (11,555) $
Slide 26: Q1 FY27 Non-GAAP Reconciliation
Q1 FY27 Non-GAAP Reconciliation Quarter 1 Quarter 1 May 2, 2026 May 3, 2025 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 $ (14,806) $ (1.42) $ (21,212) $ (2.02) Gross margin adjustment: Re
Slide 27: Q1 FY27 Adjusted Gross Margin
Q1 FY27 Adjusted Gross Margin Quarter 1 In Thousands May 2, 2026 May 3, 2025 Gross margin, as reported $ 228,919 $ 221,181 % of sales 47.0% 46.7% Reversal of inventory write-down related to exit of licenses (84) - Total gross margin adjustments (84) - Adjusted gross margin $ 228,835 $ 221,181 % of s
Slide 28: Q1 FY27 Adjusted Selling and Administrative Expenses
Q1 FY27 Adjusted Selling and Administrative Expenses Quarter 1 In Thousands May 2, 2026 May 3, 2025 Selling and administrative expenses, as reported $ 254,403 $ 249,035 % of sales 52.2% 52.5% Costs associated with information technology transformation (1,698) - Total adjustments (1,698) - Adjusted s
Slide 29: FY27 Q1 Genesco Summary Results
FY27 Q1 GENESCO Summary Results May 29, 2026