SREG RESULTS

AN UNMATCHED OPERATIONAL AND INVESTMENT TRACK RECORD!

Genesco Reports Q4 Earnings, Total Sales Increase 18% Year-Over-Year

Thursday, Jan 13, 2022

Genesco has released another successful earnings report. The holiday shopping season has led the company to report strong results for Q4, including an overall sales increase of 18% year-over-year and a 9% jump from last quarter.

Each brand in the company’s portfolio noted a increase from 2021 and 2020 numbers. Journey’s increased 8%, Schuh Group jumped 28%, and Johnston & Murphy Group soared to 53% from last year’s Q4 report. 

“We are pleased with our performance this holiday selling season, especially given the supply chain challenges, as strong full-priced selling drove better than expected sales and profitability. While traffic levels have remained healthy thus far in January, our sales trend has moderated as inventory is currently very lean; however, we expect our in-stock positions to improve as the month progresses and feel confident that we will finish the year strong. Therefore, we are reaffirming our total year EPS guidance of $6.40 to $6.90, with our expectation now above the midpoint of the range,” said Mimi E. Vaughn, President and CEO at Genesco.

Source: Genesco – Press Release
Photo Credit: Chain Store Age

SREG's operational & investment Insight, Expertise & Experience

Find out how SREG's unparalleled level of service, unprecedented expertise, and in-depth industry insight can transform your assets and create significant real estate value.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.

Subscribe to SREG's The Deal

Your privacy is extremely important to us. We will not share, sell or distribute your information outside our company.