Genesco Inc. · NYSE:GCO
Genesco — Q3 FY2022 Earnings Presentation
28 slides from Genesco's earnings presentation, Dec 3, 2021
Slide 1: FY22 Q3 Genesco Summary Results
FY22 Q3 GENESCO December 3, 2021 Summary Results Exhibit 99.2
Slide 2: Forward-looking statements
This presentation contains forward-looking statements, including those regarding the performance outlook for the Company, expectations with respect to sales, earnings, growth, returning capital to shareholders and all other statements not addressing solely historical facts or present conditions. For
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
Slide 4: Our Footwear Focused Vision & Strategy: Vision
4 Our Footwear Focused Vision & Strategy Vision
Slide 5: Our Footwear Focused Vision & Strategy: Strategic Initiatives/Pillars
5 Our Footwear Focused Vision & Strategy Strategic Initiatives/Pillars
Slide 6: Highlights Q3 FY22
Highlights Q3 FY22 6 Third quarter revenue of $601 million increased 25% vs. last year and 12% vs. the pre-pandemic third quarter two years ago. Revenue growth, better-than-expected gross margins and expense leverage resulted in an operating income increase of 69% over pre-pandemic levels and record
Slide 7: Q3 FY22 Key Earnings Highlights
$601 MILLION IN SALES +79% +69% Q3 FY22 Key Earnings Highlights +12% vs. FY20 GROWTH IN E-COMMERCE SALES VS FY20 $2.26 GAAP EPS vs. $1.31 FY20 $2.36 Non-GAAP EPS vs. $1.33 FY20 GROWTH IN NON-GAAP OPERATING INCOME VS FY20
Slide 8: Key Earnings Highlights Q3 FY22
For Position Only Key Earnings Highlights Q3 FY22
Slide 9: FY22 Key Earnings Highlights
FY22 Key Earnings Highlights
Slide 10: E-Commerce Sales Highlights Q3 FY22
E-Commerce Sales Highlights Q3 FY22 (1) Retail sales represent combined store sales and e-commerce sales
Slide 11: Total Sales Q3 FY22
For Position Only= Total Sales Q3 FY22
Slide 12: Q3 FY22 Sales by Segment
Q3 FY22 Sales by Segment FY20 Net Sales $537.3 Million FY22 Net Sales $600.5 Million FY21 Net Sales $479.3 Million 12
Slide 13: YTD FY22 Sales by Segment
YTD FY22 Sales by Segment FY20 Net Sales $1.5 Billion FY22 Net Sales $1.7 Billion FY21 Net Sales $1.1 Billion 13
Slide 14: Adjusted Operating Income (Loss) by Segment
Adjusted Operating Income (Loss) by Segment (1) Q2 FY22 Q3 FY22
Slide 15: Adjusted Operating Income (Loss) by Segment YTD FY22
For Position Only (1) Adjusted Operating Income (Loss) by Segment Q2 FY22 (1) YTD FY22 Adjusted Operating Income (Loss) by Segment
Slide 16: Q3 FY22 Inventory/Sales Change by Segment
Q3 FY22 Inventory/Sales Change by Segment
Slide 17: Q3 FY22 Retail Stores Summary
Q3 FY22 Retail Stores Summary
Slide 18: Q3 FY22 Retail Square Footage
Q3 FY22 Retail Square Footage
Slide 19: Q4 FY22 Outlook
Q4 FY22 Outlook(1) (1) On a Non-GAAP basis, see GAAP to Non-GAAP adjustments in appendix (2) Excludes projected spend for the new corporate headquarters building. Note: Total Sales, Gross Margin and SG&A Expense comparisons below are to Fiscal 2020. See earnings call transcript for important details
Slide 20: FY22 Outlook
FY22 Outlook(1) Note: Total Sales, Gross Margin and SG&A Expense comparisons below are to Fiscal 2020. 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 cor
Slide 21: FY22 Projected Retail Store Count
FY22 Projected Retail Store Count
Slide 22: FY22 Projected Capital Spending
FY22 Projected Capital Spending Projected FY22 CapEx $35-$40 Million(1) FY22 Projected Depreciation & Amortization = $43 Million (1) Excludes projected spend for the new corporate headquarters building. The projected capex for the new HQ in FY22 is approximately $13 million net of tenant allowance.
Slide 23: Appendix
Appendix
Slide 24: Non-GAAP Reconciliation Q3 FY22
Non-GAAP Reconciliation Q3 FY22
Slide 25: Non-GAAP Reconciliation YTD FY22
Non-GAAP Reconciliation YTD FY22
Slide 26: Q3 FY22 Adjusted Selling and Administrative Expenses
Q3 FY22 Adjusted Selling and Administrative Expenses 26
Slide 27: YTD FY22 Adjusted Selling and Administrative Expenses
YTD FY22 Adjusted Selling and Administrative Expenses 27
Slide 28: FY22 Q3 Genesco Summary Results
FY22 Q3 GENESCO December 3, 2021 Summary Results