Slide 1: FY23 Q3 Genesco Summary Results
FY23 Q3 GENESCO Summary Results December 2, 2022
Slide 2: Safe Harbor Statement
Safe Harbor Statement /t This presentation contains forward-looking statements, including those regarding future sales, earnings, operating income, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, stores openings and closures, ESG progress and all other statem
Slide 3: Non-GAAP Financial Measures
NON-GAAP We report consolidated financial results in Financial accordance with generally accepted accounting Measures principles (“GAAP”). However, to supplement these consolidated financial results our presentation includes certain non-GAAP financial measures such as earnings and earnings per share
Slide 4: Our Footwear Focused Vision & Strategy
Our Footwear Focused Vision & Strategy What We Aspire To Do 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 Our Aspiration Build enduring relationships with our target
Slide 5: Our Footwear Focused Strategic Initiatives/Pillars
Our Footwear Focused Strategic Initiatives/Pillars Vision & Strategy Footwear focused strategy spans six strategic growth pillars aimed at accelerating Genesco’s transformation and leveraging synergies to drive growth and sustainable profitability 1 2 3 4 5 6 Build deeper Maximize the Accelerate con
Slide 6: Q3 FY23 Highlights
Q3 FY23 Highlights • Both store and digital comps were nicely positive, highlighting the strength of our omni-channel offering and channel choice we give consumers; • Digital sales, a key strategic growth priority, were up almost 75% compared with pre-pandemic levels, maintaining essentially all the
Slide 7: Key Earnings Highlights
Q3 FY23 Key Earnings Highlights $604 +74% MILLION IN SALES GROWTH IN +1% vs. Q3 FY22 E-COMMERCE SALES +12% vs. Q3 FY20 vs. Q3 FY20 $1.66 +4% GAAP EPS vs. $2.26 Q3 FY22 vs. $1.31 Q3 FY20 SALES GROWTH ON A CONSTANT CURRENCY $1.65 BASIS NON-GAAP EPS vs. Q3 FY22 vs. $2.36 Q3 FY22 vs. $1.33 Q3 FY20
Slide 8: Q3 FY23 Key Earnings Highlights
Q3 FY23 Key Earnings Highlights Quarter 3 Quarter 3 Quarter 3 October 29, 2022 October 30, 2021 Nov ember 2, 2019 Total Sales Change 1% 25% 0% % Days Operating 100% 99% NA Comparable Sales 3% 21% 3% Comparable Direct Sales 6% 7% 19% Gross Margin % 48.7% 49.2% 49.2% Selling and Admin. Expenses % (1)
Slide 9: 9mos FY23 Key Earnings Highlights
9mos FY23 Key Earnings Highlights Nine Months Nine Months Nine Months October 29, 2022 October 30, 2021 Nov ember 2, 2019 Total Sales Change -2% 47% 0% % Days Operating 100% 95% NA Comparable Sales (1) NA NA 4% Comparable Direct Sales (1) -9% 4% 18% Gross Margin % 48.2% 48.7% 49.1% Selling and Admin
Slide 10: E-Commerce Sales Highlights
Q3 FY23 E-Commerce Sales Highlights Quarter 3 $125 $101 $99 $100 $91 $ in Millions $75 $57 $50 $25 $- FY20 FY21 FY22 FY23 % of Retail Sales (1) 11% 21% 18% 18% (1) Retail sales represent combined store sales and e-commerce sales
Slide 11: Total Sales
Q3 FY23 Total Sales Total Sales Change FY23 v s FY22 FY22 v s FY21 FY23 v s FY20 Journeys Group 0% 20% 7% Schuh Group (1) -13% 33% 13% Johnston & Murphy Group 19% 69% 10% Licensed Brands 14% 6% 132% Total Sales Change (1) 1% 25% 12% (1) Constant Currency Sales: Schuh Group 4% 27% 21% Total Sales Cha
Slide 12: Comparable Sales
Q3 FY23 Comparable Sales Quarter 3 Oct. 29, 2022 Oct. 30, 2021 Journeys Group 1% 15% Schuh Group 3% 23% Johnston & Murphy Group 20% 77% Total Comparable Sales 3% 21% Same Store Sales 2% 25% Comparable Direct Sales 6% 7%
Slide 13: Q3 Sales by Segment
Q3 FY23 Journeys 17% Schuh Johnston & Murphy Group 13% Sales by Segment Licensed Brands 7% 63% 20% FY23 Net Sales 11% $603.8 Million 63% 6% 17% 14% FY22 Net Sales $600.5 Million 66% 3% FY20 Net Sales $537.3 Million
Slide 14: 9mos FY23 Sales by Segment
9mos FY23 Journeys 18% Schuh 14% Johnston & Murphy Group Sales by Segment Licensed Brands 7% 61% 17% FY23 Net Sales 11% $1.7 Billion 65% 7% 17% 14% FY22 Net Sales $1.7 Billion 66% 3% FY20 Net Sales $1.5 Billion
Slide 15: Adjusted Operating Income by Segment
Q3 FY23 Adjusted Operating Income by Segment (1) Quarter 3 October 29, 2022 October 30, 2021 Nov ember 2, 2019 Oper Inc Adj Oper Oper Inc Adj Oper Oper Inc Adj Oper ($ in millions) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 27.1 $ - $ 27.1 $ 43.4 $ -
Slide 16: 9mos FY23 Adjusted Operating Income by Segment
9mos FY23 Adjusted Operating Income by Segment (1) Nine Months October 29, 2022 October 30, 2021 Nov ember 2, 2019 Oper Inc Adj Oper Oper Inc Adj Oper Oper Inc Adj Oper ($ in millions) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 51.2 $ - $ 51.2 $ 106.9
Slide 17: Inventory/Sales Change by Segment
Q3 FY23 Inventory/Sales Change by Segment Inv entory Sales (1) Change from Oct. 30, Nov . 2, ($ in millions) 2021 2019 Q3 FY22 Q3 FY20 Journeys Group 60% 18% 0% 7% Schuh Group (2) 41% 16% 4% 21% Johnston & Murphy Group 148% 28% 19% 10% Licensed Brands 182% 87% 14% 132% Total for Q3 FY23 $ 563 $ 604
Slide 18: Retail Stores Summary
Q3 FY23 Retail Stores Summary July 30, October 2022 Open Close 29, 2022 Journeys Group 1,131 2 10 1,123 Journeys stores (U.S.) 819 2 8 813 Journeys stores (Canada) 46 - 1 45 Journeys Kidz stores 230 - - 230 Little Burgundy 36 - 1 35 Schuh Group 122 1 1 122 Johnston & Murphy Group 159 - - 159 Total S
Slide 19: Retail Square Footage
Q3 FY23 Retail Square Footage Oct. 30, Net Oct. 29, (in thousands) 2021 Change 2022 % Change Journeys Group 2,264 (15) 2,249 -0.6% Schuh Group 594 (19) 575 -3.3% Johnston & Murphy Group 332 (24) 308 -7.4% Total Square Footage 3,190 (58) 3,132 -1.8% Year ov er year change in retail inv entory per squ
Slide 20: FY23 Outlook
FY23 Note: See earnings call transcript for important details regarding guidance assumptions. Outlook (1) Non-GAAP EPS $5.50 - $5.90 per share, expectations near mid-point Total Sales 1% to 2% decrease v s. FY2022 Gross Margin 100 to 110 basis point decrease v s. FY2022 SG&A Expenses 100 to 120 basi
Slide 21: Projected Retail Store Count FY23
FY23 Projected Retail Store Count Actual Proj Proj Proj 2022 Open Close 2023 Journeys Group 1,135 28 29 1,134 Journeys stores (U.S.) 822 23 22 823 Journeys stores (Canada) 47 - 2 45 Journeys Kidz stores 229 4 3 230 Little Burgundy 37 1 2 36 Schuh Group 123 4 7 120 Johnston & Murphy Group 167 2 10 15
Slide 22: Projected FY23 CapEx
FY23 Projected FY23 CapEx approx. $50-$55 Million(1) Projected Capital Omni-channel, IT, DC & Other Spending New Stores & Remodels 54% 46% FY23 Projected Depreciation & Amortization = $43 Million (1) Excludes projected spend for the new corporate headquarters building. The projected capex for the ne
Slide 23: Appendix
Appendix
Slide 24: Q3 FY23 Non-GAAP Reconciliation
Q3 FY23 Non-GAAP Reconciliation Quarter 3 October 29, 2022 October 30, 2021 Nov ember 2, 2019 Net of Per Share Net of Per Share Net of Per Share In Thousands (except per share amounts) Pretax Tax Amounts Pretax Tax Amounts Pretax Tax Amounts Earnings from continuing operations, as reported $ 20,424
Slide 25: 9mos FY23 Non-GAAP Reconciliation
9mos FY23 Non-GAAP Reconciliation Nine Months October 29, 2022 October 30, 2021 Nov ember 2, 2019 Net of Per Share Net of Per Share Net of Per Share In Thousands (except per share amounts) Pretax Tax Amounts Pretax Tax Amounts Pretax Tax Amounts Earnings from continuing operations, as reported $ 33,
Slide 26: Q3 FY23 Adjusted Selling & Administrative Expenses
Adjusted Selling & Q3 FY23 Administrative Expenses Quarter 3 In Thousands October 29, 2022 October 30, 2021 Nov ember 2, 2019 Selling and administrativ e expenses, as reported $ 267,734 $ 251,131 $ 237,460 Expenses related to new HQ building (257) (1,157) - Total adjustments (257) (1,157) - Adjusted
Slide 27: 9mos FY23 Adjusted Selling & Administrative Expenses
Adjusted Selling & 9mos FY23 Administrative Expenses Nine Months In Thousands October 29, 2022 October 30, 2021 Nov ember 2, 2019 Selling and administrativ e expenses, as reported $ 756,318 $ 743,147 $ 705,811 Expenses related to new HQ building (2,545) (2,911) - Total adjustments (2,545) (2,911) -
Slide 28: FY23 Q3 Genesco Summary Results
FY23 Q3 GENESCO Summary Results December 2, 2022