Slide 1: FY23 Q2 Genesco Summary Results
Exhibit 99.2 FY23 Q2 GENESCO Summary Results September 1, 2022
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, stores openings and closures, ESG progress and all other statement
Slide 3: Non-GAAP Financial Measures
NON-GAAP We report consolidated financial results in accordance with generally accepted accounting principles (“GAAP”). Financial Measures 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: 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 consumer Maximize the Inten
Slide 6: Q2 FY23 compared to FY22
Q2 FY23 FY23 compared to FY22 • The year ago period poses difficult comparisons as expected due to government stimulus-fueled consumer spending, especially for our Journeys business, as well as a number of one-time expense benefits related to pandemic relief. • Revenue decreased 4% and adjusted oper
Slide 7: Q2 FY23 compared to FY20
Q2 FY23 FY23 compared to FY20 • Compared with pre-pandemic Q2 FY20, revenue grew 10% despite having 82 fewer stores, and adjusted operating income was up 111%, from $4.7 million to $10.0 million. • Digital sales grew more than 75% versus FY20, now representing 18% of total retail sales versus 10% in
Slide 8: Key Earnings Highlights
Q2 FY23 Key Earnings Highlights $535 +76% MILLION IN SALES GROWTH IN -4% vs Q2 FY2022 E-COMMERCE SALES +10% vs. Q2 FY2020 vs. Q2 FY2020 Growth in $0.59 GAAP EPS GAAP OI +207% vs. $0.05 Q2 FY2020 Non-GAAP OI +111% vs FY2020 $0.59 Non-GAAP EPS vs. $0.15 Q2 FY2020
Slide 9: Key Earnings Highlights Quarter
Q2 FY23 Key Earnings Highlights Quarter 2 Quarter 2 Quarter 2 July 30, 2022 July 31, 2021 August 3, 2019 Total Sales Change -4% 42% 0% % Days Operating 100% 97% NA Comparable Sales (1) -2% NA 3% Comparable Direct Sales -3% -23% 20% Gross Margin % 47.5% 49.1% 48.6% Selling and Admin. Expenses % (2) G
Slide 10: 6mos FY23 Key Earnings Highlights
6mos FY23 Key Earnings Highlights Six Months Six Months Six Months July 30, 2022 July 31, 2021 August 3, 2019 Total Sales Change -3% 63% 1% % Days Operating 100% 93% NA Comparable Direct Sales (1) -16% 3% 17% Gross Margin % 47.9% 48.5% 49.0% Selling and Admin. Expenses % (2) GAAP 46.3% 45.0% 47.7% N
Slide 11: E-Commerce Sales Highlights
Q2 FY23 E-Commerce Sales Highlights Quarter 2 $125 $117 $100 $94 $84 $ in Millions $75 $50 $48 $25 $- FY20 FY21 FY22 FY23 % of Retail Sales (1) 10% 32% 19% 18% (1) Retail sales represent combined store sales and e-commerce sales
Slide 12: Total Sales
Q2 FY23 Total Sales Quarter 2 Total Sales Change FY23 vs FY22 FY22 vs FY21 FY23 vs FY20 Journeys Group -7% 25% 2% Schuh Group -4% 48% 10% Johnston & Murphy Group 22% 154% 11% Licensed Brands -10% 122% 225% Total Sales Change -4% 42% 10%
Slide 13: Sales by Segment
Q2 FY23 19% 14% Journeys Group Schuh Sales by Segment Johnston & Murphy Group Licensed Brands 7% 60% 19% FY23 Net Sales 11% $535.3 Million 8% 62% 19% FY22 14% Net Sales $555.2 Million 2% 65% FY20 Net Sales $486.6 Million
Slide 14: 6mos FY23 Sales by Segment
6mos FY23 18% 14% Journeys Group Schuh Sales by Segment Johnston & Murphy Group Licensed Brands 8% 60% 16% FY23 Net Sales 10% $1.056 Billion 66% 8% 17% 15% FY22 Net Sales $1.094 Billion 3% 65% FY20 Net Sales $982.2 Million
Slide 15: Adjusted Operating Income by Segment
Adjusted Operating Income Q2 FY23 by Segment (1) Quarter 2 July 30, 2022 July 31, 2021 August 3, 2019 Oper Inc Adj Oper Oper Inc Adj Oper Oper Inc Adj Oper ($ in millions) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) (Loss) Adjust Inc (Loss) Journeys Group $ 9.2 $ - $ 9.2 $ 30.4 $ - $ 30.4 $ 11
Slide 16: 6 mos FY23 Adjusted Operating Income by Segment
Adjusted Operating Income 6 mos FY23 by Segment (1) Six Months July 30, 2022 July 31, 2021 August 3, 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 $ 24.2 $ - $ 24.2 $ 63.5 $ - $ 63.
Slide 17: Inventory/Sales Change by Segment
Q2 FY23 Inventory/Sales Change by Segment Inventory Sales (1) Change from July 31, August 3, ($ in millions) 2021 2019 Q2 FY22 Q2 FY20 Journeys Group 58% 17% -7% 2% Schuh Group (2) 10% 12% 9% 14% Johnston & Murphy Group 95% -6% 22% 11% Licensed Brands 428% 98% -10% 225% Total for Q2 FY23 $ 507 $ 535
Slide 18: Retail Stores Summary
Q2 FY23 Retail Stores Summary April 30, July 30, 2022 Open Close 2022 Journeys Group 1,130 3 2 1,131 Journeys stores (U.S.) 818 2 1 819 Journeys stores (Canada) 47 - 1 46 Journeys Kidz stores 229 1 - 230 Little Burgundy 36 - - 36 Schuh Group 122 - - 122 Johnston & Murphy Group 162 1 4 159 Total Stor
Slide 19: Retail Square Footage
Q2 FY23 Retail Square Footage July 31, Net July 30, (in thousands) 2021 Change 2022 % Change Journeys Group 2,273 (14) 2,259 -0.6% Schuh Group 594 (16) 578 -2.7% Johnston & Murphy Group 332 (24) 308 -7.2% Total Square Footage 3,199 (54) 3,145 -1.7% Year over year change in retail inventory per squar
Slide 20: FY23 Non-GAAP EPS Outlook
Note: See earnings call transcript for important details regarding guidance assumptions. FY23 Non-GAAP EPS $6.25 - $7.00 per share, expectations near mid-point Outlook (1) Total Sales 3% decrease to flat Gross Margin 60 to 80 basis points lower SG&A Expenses 50 bps to 90 bps deleverage Tax Rate ~ 26
Slide 21: Projected Retail Store Count FY23
FY23 Projected Retail Store Count Actual Proj Proj Proj 2022 Open Close 2023 Journeys Group 1,135 33 30 1,138 Journeys stores (U.S.) 822 27 25 824 Journeys stores (Canada) 47 1 1 47 Journeys Kidz stores 229 4 3 230 Little Burgundy 37 1 1 37 Schuh Group 123 5 7 121 Johnston & Murphy Group 167 3 10 16
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 58% 42% 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: Q2 FY23 Non-GAAP Reconciliation
Q2 FY23 Non-GAAP Reconciliation Quarter 2 July 30, 2022 July 31, 2021 August 3, 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 $ 7,651 $ 0.59 $ 1
Slide 25: 6 mos FY23 Non-GAAP Reconciliation
6 mos FY23 Non-GAAP Reconciliation Six Months July 30, 2022 July 31, 2021 August 3, 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 $ 12,620 $ 0.9
Slide 26: Q2 FY23 Adjusted Selling and Administrative Expenses
Adjusted Selling and Q2 FY23 Administrative Expenses Quarter 2 In Thousands July 30, 2022 July 31, 2021 August 3, 2019 Selling and administrative expenses, as reported $ 245,103 $ 252,551 $ 231,796 Expenses related to new HQ building (762) (1,157) - Total adjustments (762) (1,157) - Adjusted selling
Slide 27: 6 mos FY23 Adjusted Selling and Administrative Expenses
Adjusted Selling and 6 mos FY23 Administrative Expenses Six Months In Thousands July 30, 2022 July 31, 2021 August 3, 2019 Selling and administrative expenses, as reported $ 488,584 $ 492,016 $ 468,351 Expenses related to new HQ building (2,288) (1,754) - Total adjustments (2,288) (1,754) - Adjusted
Slide 28: FY23 Q2 Genesco Summary Results
Exhibit 00.0 FY23 Q2 GENESCO Summary Results September 1, 2022