GCO News & Analysis
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Market Mood
Genesco (GCO) Reports Q2 Revenue of $530 Million, Guidance Raised
On September 3, Genesco (GCO) reported Q2 revenue of $530 million, a 3% decrease from the previous year. The company significantly reduced its adjusted operating loss to $8 million from $14 million and raised full-year earnings guidance. Journeys saw a 2% increase in comparable sales for its eighth consecutive positive quarter, while Johnston & Murphy reported a 4% rise. However, Schuh's comparable sales fell 9%, leading to a revised expectation of a 2% decline in total sales for the full year, impacting ordinary investors through adjusted financial forecasts.
Read More: Genesco (GCO) Reports Q2 Revenue of $530 Million, Guidance Raised
Genesco (GCO) Names Jonathan Collins CFO Effective August 3
Genesco Inc. (GCO) announced the appointment of Jonathan Collins as CFO, effective August 3. Collins succeeds Mimi Vaughn, who served as interim CFO since March 2026. The company has identified a $40 million to $50 million cost-savings program which is expected to support long-term margin expansion. Jefferies analyst Corey Tarlowe maintains a 'Hold' rating on Genesco stock, noting the positive management change and strong momentum entering Q2. However, he expressed concerns that Schuh may impact business performance in the near term.
Read More: Genesco (GCO) Names Jonathan Collins CFO Effective August 3