Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. Independent Director Matt Bilunas was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • May 15
Genesco Inc. to Report Q1, 2027 Results on May 29, 2026 Genesco Inc. announced that they will report Q1, 2027 results Pre-Market on May 29, 2026 Aankondiging • May 08
Genesco Inc. Appoints Ashley Randolph as Chief Accounting Officer, Effective May 5, 2026 Genesco Inc. announced the appointment of Ashley Randolph as Vice President and Chief Accounting Officer, effective May 5, 2026. 20-year veteran of Genesco, Randolph most recently served as Vice President and Corporate Controller, a role she has held since 2024. In her new role, Randolph will oversee the Company’s accounting operations, financial controls and compliance, including financial statements, accounting policy, and SEC reporting, while driving continued efficiencies across the function. During her tenure, Randolph has played a key role in strengthening Genesco’s financial foundation and advancing operational effectiveness, including leading the adoption of new accounting standards, modernizing SEC reporting processes and enhancing internal controls. She served as Senior Director, Finance and Accounting from 2018 to 2024 and Director, Finance and Accounting from 2016 to 2018. She held roles of increasing responsibility with the Company in technical accounting and financial compliance from 2004 to 2014. Prior to joining Genesco, Randolph was a senior auditor at Deloitte & Touche. She holds a bachelor’s degree in accounting from Lipscomb University and is a Certified Public Accountant. Aankondiging • Mar 28
Genesco Inc. Announces Changes in Principal Accounting Officer As previously announced on January 29, 2026, Genesco Inc. and the Company’s former Senior Vice President and Chief Financial Officer, Cassandra E. Harris, entered into a Consulting Agreement dated January 29, 2026, pursuant to which Ms. Harris continued to support the Company as a consultant and principal accounting officer from March 7, 2026, through the filing of the Company’s fiscal year 2026 Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 25, 2026 (the ‘ Form 10-K ‘), assisting with an orderly transition. Accordingly, Ms. Harris ceased to serve as the Company's principal accounting officer, effective March 25, 2026. On March 26, 2026, Mimi E. Vaughn, age 59, the Company’s President, Chief Executive Officer, Interim Chief Financial Officer and principal financial officer, was appointed by the Company’s board of directors to serve as the Company’s principal accounting officer until the Company names a successor. Ms. Vaughn will continue to lead the Company’s experienced financial leadership team and management in connection with her service as Interim Chief Financial Officer. Aankondiging • Mar 06
Genesco Inc. Provides Earnings Guidance for the Year 2027 Genesco Inc. provided earnings guidance for the year 2027 . For the year, company Expects positive comparable sales of 1% to 2% Expects total sales to be down 1% to flat compared to Fiscal 2026 including a reduction in sales of approximately $30 million net due to the exit of licenses and approximately $30 million related to net store closures . Aankondiging • Feb 19
Genesco Inc. to Report Q4, 2026 Results on Mar 06, 2026 Genesco Inc. announced that they will report Q4, 2026 results Pre-Market on Mar 06, 2026 Aankondiging • Jan 13
Genesco Inc. Provides Earnings Guidance for the Fiscal Year Ending January 31, 2026 Genesco Inc. provided earnings guidance for the Fiscal Year Ending January 31, 2026. For the year, the company expects Forecasted earnings from continuing operations of Net of Tax was $7.3 million and Per share was $0.68. Aankondiging • Dec 04
Genesco Inc. Revises Earnings Guidance for the Fiscal Year Ending January 31, 2026 Genesco Inc. revised earnings guidance for the fiscal year 2026. For the year, the company expects total sales to be up about 2% and comparable sales to be up about 3% compared to Fiscal 2025, down from prior guidance for total sales to be up 3% to 4% and comparable sales up 4% to 5%. Aankondiging • Nov 21
Genesco Inc. to Report Q3, 2026 Results on Dec 04, 2025 Genesco Inc. announced that they will report Q3, 2026 results Pre-Market on Dec 04, 2025 Aankondiging • Aug 28
Genesco Inc. Provides Earnings Guidance for the Fiscal Year 2026 Genesco Inc. provided earnings guidance for the fiscal year 2026. For the year, the company expects total sales to be up 3% to 4% compared to Fiscal 2025 with comparable sales range up 4% to 5%, up from prior guidance for total sales to be up 1% to 2% and comparable sales up 2% to 3%. Aankondiging • Aug 21
Genesco Inc. to Report Q2, 2026 Results on Aug 28, 2025 Genesco Inc. announced that they will report Q2, 2026 results Pre-Market on Aug 28, 2025 Aankondiging • Jun 04
Genesco Inc. Revises Earnings Guidance for the Fiscal Year Ending January 31, 2026 Genesco Inc. revised earnings guidance for the fiscal year ending January 31, 2026. For the year, the company expects earnings from continuing operations net of tax of $12.5 million to $17.0 million and earnings from continuing operations to be $1.17 per share to $1.61 per share. Expects total sales to be up 1% to 2% compared to Fiscal 2025 versus prior expectation of flat to up 1% due to the impact of favorable foreign exchange, with comparable sales range narrowed to up 2% to 3% versus prior range of up 2% to 4%. Aankondiging • May 20
Genesco Inc. to Report Q1, 2026 Results on Jun 04, 2025 Genesco Inc. announced that they will report Q1, 2026 results Pre-Market on Jun 04, 2025 Aankondiging • May 19
Genesco Inc., Annual General Meeting, Jun 26, 2025 Genesco Inc., Annual General Meeting, Jun 26, 2025. Aankondiging • Mar 08
Genesco Inc. Provides Earnings Guidance for the Year 2026 Genesco Inc. provided earnings guidance for the year 2026. For the year, the company expects total sales to be flat to up 1% compared to Fiscal 2025 including a foreign exchange negative impact of approximately $14 million and closed store impact of approximately $30 million.
. Aankondiging • Feb 21
Genesco Inc. to Report Q4, 2025 Results on Mar 07, 2025 Genesco Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 07, 2025 Aankondiging • Jan 09
Genesco Inc. Appoints Kyle Polischuk as Chief Human Resources Officer Genesco Inc. announced that Kyle Polischuk has been named Chief Human Resources Officer, leading the enterprise wide human resources function for the footwear focused lifestyle retailer and branded company. In this newly created role, Polischuk will leverage her 20+ years of strategic human resources experience overseeing Genesco’s HR initiatives, including talent management and recruitment, leadership development, performance management, employee engagement and total rewards. Polischuk will report to Vaughn and serve on Genesco’s executive management committee. Her appointment is effective January 6, 2025. Polischuk has a deep background in consumer, retail and human resources. She joins Genesco from Rue Gilt Group, a leading off-price ecommerce portfolio company, where she was responsible for the company’s people and talent strategy and its connection to business goals. Prior to Rue Gilt, she held various leadership roles, including as Chief Human Resources officer with J. Jill leading the overall strategic direction of the company’s talent with a creative, collaborative and data centric approach, while aligning with the company’s strategic objectives. Previous positions include at Talbots where she served in successive roles including vice president, human resources, where she led the total scope of human resources, including serving on the executive committee during the specialty retailer’s major business turnaround. Aankondiging • Dec 14
Genesco Inc. Announces Executive Changes Genesco Inc. reported that in conjunction with Mr. Thomas A. George’s retirement, Ms. Cassandra “Sandra” Harris will succeed Mr. George as principal accounting officer, effective December 12, 2024. Prior to joining the Company, Ms. Harris, age 52, served as Chief Financial Officer of Artisan Design Group, LLC from February 2023 to April 2024. Previously, Ms. Harris served as Tupperware Brands Corp.’s (“Tupperware”) (i) Chief Financial Officer and Chief Operating Officer from October 2020 to June 2022 and (ii) Executive Vice President and Chief Financial Officer from April 2019 to October 2020. Prior to joining Tupperware, Ms. Harris served in multiple senior leadership roles with V.F. Corporation from March 2008 to March 2019. Ms. Harris holds a Bachelor of Science in Accounting from Clemson University and is a Certified Public Accountant and Chartered Global Management Accountant. Aankondiging • Dec 06
Genesco Inc. Raises Earnings Guidance for the Fiscal Year 2025 Genesco Inc. raised earnings guidance for the fiscal year 2025. For the period, the company expects Now expects total sales to be down 1% to flat compared to Fiscal 2024, or flat to up 1% excluding the 53 week in Fiscal 2024 versus prior expectations for a total sales decrease of 1% to 2%, or flat to down 1% excluding the 53rd week in Fiscal 2024. Aankondiging • Nov 21
Genesco Inc. to Report Q3, 2025 Results on Dec 06, 2024 Genesco Inc. announced that they will report Q3, 2025 results Pre-Market on Dec 06, 2024 Reported Earnings • Sep 06
Second quarter 2025 earnings released: US$0.91 loss per share (vs US$2.79 loss in 2Q 2024) Second quarter 2025 results: US$0.91 loss per share (improved from US$2.79 loss in 2Q 2024). Revenue: US$525.2m (flat on 2Q 2024). Net loss: US$9.93m (loss narrowed 69% from 2Q 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Aankondiging • Aug 26
Genesco Inc. to Report Q2, 2025 Results on Sep 06, 2024 Genesco Inc. announced that they will report Q2, 2025 results Pre-Market on Sep 06, 2024 Aankondiging • Jul 23
Journeys Announces the Appointment of Stacy Doren as Executive Vice President and Chief Marketing Officer, Effective August 1, 2024 Journeys announced the appointment of Stacy Doren as Executive Vice President and Chief Marketing Officer of the Journeys Group, effective August 1, 2024. An accomplished global brand executive, Doren will lead all marketing functions, building on Journeys' foundation as a leader in teen fashion footwear retail. Doren joins Journeys after an impressive 24-year tenure at Levi’s, where she held successive leadership roles, culminating in a decade-long role as Vice President of Levi's Americas Marketing. Most recently, she led a 50-person marketing team overseeing creative development, media, partnerships and activations, public relations, channel marketing, and brand environment for the company's largest business segment. Under her guidance, she crafted and executed innovative marketing strategies that strengthened consumer affinity and drove commercial success. Her achievements include developing Levi’s full-funnel marketing offense, re-establishing the brand's cultural relevance with youth, helping to rejuvenate the women's business and grow lifestyle categories, and overseeing the high-profile launch of Levi’s stadium. Reported Earnings • Jun 04
First quarter 2025 earnings released: US$2.22 loss per share (vs US$1.60 loss in 1Q 2024) First quarter 2025 results: US$2.22 loss per share (further deteriorated from US$1.60 loss in 1Q 2024). Revenue: US$457.6m (down 5.3% from 1Q 2024). Net loss: US$24.3m (loss widened 29% from 1Q 2024). Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Aankondiging • May 31
Genesco Inc. Reaffirms Earnings Guidance for the Year 2025 Genesco Inc. reaffirmed earnings guidance for the year 2025. For Fiscal 2025, the Company: Continues to expect total sales to decrease 2% to 3% compared to Fiscal 2024, or down 1% to 2% excluding the 53rd week in Fiscal 2024. Forecasted earnings from continuing operations of $4.0 million to $9.0 million and $0.36 to $0.80 per share. Aankondiging • May 21
Genesco Inc., Annual General Meeting, Jun 27, 2024 Genesco Inc., Annual General Meeting, Jun 27, 2024. Aankondiging • May 18
Genesco Inc. to Report Q1, 2025 Results on May 31, 2024 Genesco Inc. announced that they will report Q1, 2025 results Pre-Market on May 31, 2024 Reported Earnings • Mar 10
Full year 2024 earnings released: US$2.10 loss per share (vs US$5.80 profit in FY 2023) Full year 2024 results: US$2.10 loss per share (down from US$5.80 profit in FY 2023). Revenue: US$2.32b (down 2.5% from FY 2023). Net loss: US$23.6m (down 133% from profit in FY 2023). Like-for-like sales growth: Down 7.0% vs FY 2023 Revenue is expected to decline by 2.2% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Germany are expected to grow by 5.5%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 08
Genesco Inc. Provides Revenue Guidance for Fiscal 2025 Genesco Inc. provided revenue guidance for fiscal 2025. For the period, the company expects total sales to decrease 2% to 3% compared to Fiscal 2024, or down 1% to 2% excluding the 53rdweek in Fiscal 2024. Buy Or Sell Opportunity • Mar 02
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to €29.20. The fair value is estimated to be €24.30, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Feb 27
Genesco Inc. to Report Q4, 2024 Results on Mar 08, 2024 Genesco Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 08, 2024 Buy Or Sell Opportunity • Feb 13
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to €27.20. The fair value is estimated to be €22.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Jan 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.8%. The fair value is estimated to be €32.79, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Aankondiging • Jan 05
Genesco Names Chris Santaella as Executive Vice President and Chief Merchandising Officer of Journeys Group, Effective February 5, 2024 Genesco Inc. announced the appointment of Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024. Santaella replaces Pete Hicks who retired in October 2023. An accomplished and diversified global merchant, Santaella will lead Journeys’ buying, merchandising, planning and product strategies, building on Journeys foundation as a leader in teen fashion footwear retail and its brand mission of “an attitude you can wear” self-expression inspired by youth culture. Santaella joins Journeys from Foot Locker, where he served more than three decades in successive roles, most recently as senior vice president and chief merchandising officer responsible for Foot Locker, Kids Foot Locker and Champs Sports. He led a 125-person global product organization which included divisional buying teams, global product development and product strategy teams. In this role he developed and implemented global product strategies to drive and diversify Foot Locker’s business model, including successfully expanding Foot Locker’s brand portfolio through a curated consumer focused approach. Santaella will report to Andy Gray, Journeys president. Santaella joins Genesco from Foot Locker where he served in a variety of senior leadership positions. From his early career as a buyer and merchandiser, he rose through the ranks to vice president of footwear, responsible for buying for men’s Foot Locker and Lady Foot Locker, and subsequently to vice president and general merchandise manager for Foot Locker, Kids Foot Locker, Lady Foot Locker and Footaction. He later took on the more senior roles of vice president and general manager North America for Kids Foot Locker, where he led the team across all functions including product, planning, allocation, marketing and finance, followed by vice president and chief product strategist for Foot Locker North America, where he was responsible for developing and leading a new merchant organization to transform a legacy product organization. Santaella rounded out his career at Foot Locker as senior vice president and chief product officer, and finally chief merchandising officer. Buying Opportunity • Dec 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be €34.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Dec 03
Third quarter 2024 earnings released: EPS: US$0.60 (vs US$1.68 in 3Q 2023) Third quarter 2024 results: EPS: US$0.60 (down from US$1.68 in 3Q 2023). Revenue: US$579.3m (down 4.1% from 3Q 2023). Net income: US$6.59m (down 68% from 3Q 2023). Profit margin: 1.1% (down from 3.4% in 3Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 01
Genesco Inc. Revises Earnings Guidance for the Fiscal Year 2024 Genesco Inc. revised earnings guidance for the fiscal year 2024. For the year, the company expected sales to be down 1% to 2%, or down 2% to 3% excluding the 53rd week this year, compared to Fiscal 2023. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €33.60, the stock trades at a trailing P/E ratio of 47.2x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 37% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €38.26 per share. Buying Opportunity • Nov 19
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €34.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. Aankondiging • Nov 17
Genesco Inc. to Report Q3, 2024 Results on Dec 01, 2023 Genesco Inc. announced that they will report Q3, 2024 results Pre-Market on Dec 01, 2023 Buying Opportunity • Oct 10
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €33.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Sep 01
Second quarter 2024 earnings released: US$2.79 loss per share (vs US$0.60 profit in 2Q 2023) Second quarter 2024 results: US$2.79 loss per share (down from US$0.60 profit in 2Q 2023). Revenue: US$523.0m (down 2.3% from 2Q 2023). Net loss: US$31.6m (down US$39.3m from profit in 2Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 18
Genesco Inc. to Report Q2, 2024 Results on Aug 31, 2023 Genesco Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 31, 2023 Recent Insider Transactions • Jun 16
Independent Director recently bought €236k worth of stock On the 9th of June, Gregory Sandfort bought around 12k shares on-market at roughly €20.50 per share. This transaction increased Gregory's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €683k more in shares than they have sold in the last 12 months. New Risk • Jun 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 45% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (45% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (2.1% net profit margin). Recent Insider Transactions • Jun 01
Chairman recently bought €176k worth of stock On the 30th of May, Mimi Vaughn bought around 10k shares on-market at roughly €17.59 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mimi's only on-market trade for the last 12 months. Reported Earnings • May 26
First quarter 2024 earnings released: US$1.60 loss per share (vs US$0.38 profit in 1Q 2023) First quarter 2024 results: US$1.60 loss per share (down from US$0.38 profit in 1Q 2023). Revenue: US$483.3m (down 7.2% from 1Q 2023). Net loss: US$18.9m (down 480% from profit in 1Q 2023). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Aankondiging • May 26
Genesco Inc. Revises Revenue Guidance for the Fiscal Year 2024 Genesco Inc. revised revenue guidance for the fiscal year 2024. for the year, the company expects Sales to be down 4% to 5%, or down 5% to 6% excluding the 53rd week this year, compared to Fiscal 2023. Aankondiging • May 16
Genesco Inc. to Report Q1, 2024 Results on May 25, 2023 Genesco Inc. announced that they will report Q1, 2024 results Pre-Market on May 25, 2023 Aankondiging • May 13
Genesco Inc., Annual General Meeting, Jun 22, 2023 Genesco Inc., Annual General Meeting, Jun 22, 2023, at 10:00 Central Standard Time. Agenda: To consider elections of directors; to consider a non-binding, advisory vote on the Company’s named executive officers’ compensation; to consider a non-binding, advisory vote on the desired frequency of advisory votes on executive compensation; to consider proposal to approve the Genesco Inc. Amended and Restated 2020 Equity Incentive Plan; to consider proposal to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm to the Company for the current fiscal year; and to consider other matters. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to €34.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 330% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €66.05 per share. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$5.80 (vs US$8.11 in FY 2022) Full year 2023 results: EPS: US$5.80 (down from US$8.11 in FY 2022). Revenue: US$2.38b (down 1.5% from FY 2022). Net income: US$72.2m (down 37% from FY 2022). Profit margin: 3.0% (down from 4.7% in FY 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Feb 02
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Matt Bilunas was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 03
Third quarter 2023 earnings released: EPS: US$1.68 (vs US$2.30 in 3Q 2022) Third quarter 2023 results: EPS: US$1.68 (down from US$2.30 in 3Q 2022). Revenue: US$603.8m (flat on 3Q 2022). Net income: US$20.4m (down 38% from 3Q 2022). Profit margin: 3.4% (down from 5.5% in 3Q 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 03
Genesco Inc. Revises Earnings Guidance for the Year 2023 Genesco Inc. revised earnings guidance for the year 2023. For the year, the company sales are now expected to be down 1% to 2%, compared to Fiscal 2022, versus prior guidance of down 3% to flat. Aankondiging • Nov 23
Genesco Inc. Announces Board Changes Genesco Inc. announced the appointments of two new independent directors Matthew M. Bilunas, Chief Financial Officer of Best Buy Co. Inc., and Carolyn Bojanowski, Executive Vice President Merchandising, Sephora USA, to Genesco's Board of Directors, effective January 29, 2023, the beginning of its fiscal year. Genesco also announced that current directors Matthew C. Diamond and Kevin P. McDermott will retire from Genesco's Board and will not stand for reelection at Genesco's 2023 Annual Meeting of Shareholders. In order to facilitate an orderly transition, Genesco has expanded the size of its board from nine to 11 directors until its 2023 Annual Meeting, at which time the Board will revert to nine directors. These additions are part of Genesco's ongoing commitment to board refreshment and reflect the company's commitment to evolving and strengthening its director expertise, enhancing board diversity and bringing new perspectives to its boardroom. Since 2019, the company has added seven new directors to its Board. Bojanowski brings to the Board more than 20 years of retail expertise with an outstanding record of driving e-commerce, dotcom merchandising, brand marketing, digital marketing, brand and product development, loyalty and revenue optimization performance. She played an instrumental role in the introduction of Sephora's best-in-class Beauty Insider loyalty program. Her leadership and contributions in launching initiatives for the largest prestige beauty e-commerce retailer in the world drove unprecedented growth and industry-first ways to shop. Bojanowski said, "It is time for Genesco. Its well-positioned portfolio of brands, paired with its intense focus on technology, marketing, e-commerce, and compelling omni-channel growth prospects, position the company well for future success. Aankondiging • Nov 18
Genesco Inc. to Report Q3, 2023 Results on Dec 02, 2022 Genesco Inc. announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Dec 02, 2022 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €45.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total returns to shareholders of 18% over the past three years. Aankondiging • Sep 03
Genesco Inc. Revises Earnings Guidance for the Year 2023 Genesco Inc. revised earnings guidance for the year 2023. Sales are now expected to be down 3% to flat, compared to fiscal year 2022, versus prior guidance of up 1% to 3%. The company expects forecasted earnings from continuing operations in the range of $77.2 million to $87.2 million and earnings from continuing operations per share in the range of $5.98 to 6.76. Reported Earnings • Sep 02
Second quarter 2023 earnings released: EPS: US$0.60 (vs US$0.76 in 2Q 2022) Second quarter 2023 results: EPS: US$0.60 (down from US$0.76 in 2Q 2022). Revenue: US$535.3m (down 3.6% from 2Q 2022). Net income: US$7.65m (down 30% from 2Q 2022). Profit margin: 1.4% (down from 2.0% in 2Q 2022). Over the next year, revenue is forecast to grow 1.4%, compared to a 11% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 18
Genesco Inc. to Report Q2, 2023 Results on Sep 01, 2022 Genesco Inc. announced that they will report Q2, 2023 results Pre-Market on Sep 01, 2022 Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment improved over the past week After last week's 16% share price gain to €57.50, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 10x in the Specialty Retail industry in Europe. Total returns to shareholders of 62% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €31.14 per share. Aankondiging • Jun 28
Genesco Appoints Gregory A. Sandfort as Lead Independent Director Genesco Inc. announced that the independent directors of the Genesco Board have unanimously selected Gregory A. Sandfort as the Company's Lead Independent Director, effective June 23, 2022. Sandfort succeeds Matthew C. Diamond who has served in that role for the past four years. Sandfort, who joined Genesco's Board in 2021, will continue to serve on Genesco's Audit and Compensation committees. Diamond will remain on the Genesco Board. He brings more than 40 years of strategic retail leadership to Board with a deep understanding of customer dynamics, the ability to successfully lead business transformations, along with expertise in capital allocation. Sandfort joined the Genesco Board in 2021. He served as Chief Executive Officer of Tractor Supply Company from May 2016 to January 2020 and as a member of its Board of Directors from February 2013 to May 2020. Sandfort held a variety of senior leadership roles at Tractor Supply including President and Chief Executive Officer from December 2012 to May 2016, and President and Chief Operating Officer from February 2012 to December 2012. Following his retirement, he served as a strategic advisor and consultant to Tractor Supply from January to August 2020. He previously held senior leadership roles with Michaels Stores Inc. including President and Chief Operating Officer from March 2006 to August 2007 and as Executive Vice President -- General Merchandise Manager from January 2004 to February 2006. Sandfort has been a Director of WD-40 Company since 2011 and its Lead Independent Director since October 2020. He is a former Director of Kirkland's Inc. Reported Earnings • May 27
First quarter 2023 earnings released: EPS: US$0.38 (vs US$0.62 in 1Q 2022) First quarter 2023 results: EPS: US$0.38 (down from US$0.62 in 1Q 2022). Revenue: US$520.7m (down 3.3% from 1Q 2022). Net income: US$4.97m (down 44% from 1Q 2022). Profit margin: 1.0% (down from 1.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.0%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • May 27
Genesco Inc. Provides Sales Guidance for the Full Fiscal Year 2023 Genesco Inc. provided sales guidance for the full fiscal year 2023. For fiscal year 2023, the company expects sales to be up 1% to 3%, compared to fiscal year 2022. Aankondiging • May 14
Genesco Inc., Annual General Meeting, Jun 23, 2022 Genesco Inc., Annual General Meeting, Jun 23, 2022, at 10:00 Central Standard Time. Agenda: to elect nine directors; to consider a non-binding, advisory vote on the Company's named executive officers' compensation; to consider a proposal to approve articles of amendment to the Company's Restated Charter to implement a majority voting standard for the election of directors in uncontested elections; to consider a proposal to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm to the Company for the current fiscal year; to consider any other business that properly comes before the meeting or any adjournment or postponement thereof. Aankondiging • May 13
Genesco Inc. to Report Q1, 2023 Results on May 26, 2022 Genesco Inc. announced that they will report Q1, 2023 results Pre-Market on May 26, 2022 Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Angel Martinez was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 11
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: US$8.11 (up from US$3.94 loss in FY 2021). Revenue: US$2.42b (up 36% from FY 2021). Net income: US$114.9m (up US$171.0m from FY 2021). Profit margin: 4.7% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.0%, compared to a 18% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Aankondiging • Feb 25
Genesco Inc. to Report Q4, 2022 Results on Mar 10, 2022 Genesco Inc. announced that they will report Q4, 2022 results Pre-Market on Mar 10, 2022 Reported Earnings • Dec 05
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: US$2.30 (up from US$0.52 in 3Q 2021). Revenue: US$600.5m (up 25% from 3Q 2021). Net income: US$33.0m (up 341% from 3Q 2021). Profit margin: 5.5% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.3%. Over the next year, revenue is forecast to grow 5.3%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Aankondiging • Dec 05
Genesco Inc. Provides Earnings Guidance for the Fiscal 2022 Genesco Inc. provided earnings guidance for the fiscal 2022. For fiscal 2022, the company expects sales to be up 9% to 11%, compared to fiscal 2020. Adjusted diluted earnings per share from continuing operations in the range of $6.40 to $6.90, which represents growth of approximately 45% at the mid-point compared to fiscal 2020, with an expectation that earnings per share for the year will be near the mid-point of the range. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 22% share price gain to €62.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Specialty Retail industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €65.54 per share. Recent Insider Transactions • Sep 25
Senior VP recently sold €100k worth of stock On the 23rd of September, Daniel Ewoldsen sold around 2k shares on-market at roughly €54.46 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €252k more than they sold in the last 12 months. Recent Insider Transactions • Sep 09
Senior VP of Finance & Interim CFO recently bought €85k worth of stock On the 7th of September, Thomas George bought around 2k shares on-market at roughly €47.26 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Reported Earnings • Sep 03
Second quarter 2022 earnings released: EPS US$0.76 (vs US$1.34 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: US$555.2m (up 42% from 2Q 2021). Net income: US$10.9m (up US$29.8m from 2Q 2021). Profit margin: 2.0% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Aug 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Angel Martinez was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 03
Legion Partners Reinforces the Need for Additional Board Change at Genesco On July 1, 2021, Legion Partners Asset Management, LLC issued the statement in an effort to address Genesco Inc.’s July 1st press release and focus shareholders’ attention on the need for boardroom change. Legion Partners announced that it is seeking to elect four candidates – Marjorie L. Bowen, Margenett Moore-Roberts, Dawn H. Robertson and Hobart P. Sichel – to the Company's nine-member board of directors at the upcoming annual meeting of shareholders on July 20, 2021. Aankondiging • Jul 01
Legion Partners Four Director Candidates Issue Letter to Genesco Shareholders On June 30, 2021, Legion Partners Asset Management, LLC announced that its four director candidates – Marjorie L. Bowen, Margenett Moore-Roberts, Dawn H. Robertson and Hobart P. Sichel – had issued a letter to shareholders regarding their value-enhancing vision. The Director slate shared a vision for achieving operational efficiencies, igniting growth and enhancing value for the Company’s shareholders, customers and employees. Legion Partners Asset Management, LLC urged shareholders to vote on the white proxy card to elect Legion Partners’ full slate. Aankondiging • Jun 30
Legion Partners Responds to Genesco On June 29, 2021, Legion Partners Asset Management, LLC issued a statement in response to Genesco Inc.’s decision to publicize a disingenuous private letter issued by its board of directors on May 19, 2021. Legion Partners believed that the Company’s board has validated its case for urgent change by disseminating distortions and misrepresentations to its shareholders. Aankondiging • Jun 25
Legion Partners Issues Statement to Genesco On June 24, 2021, Legion Partners Asset Management, LLC announced that it has issued statement regarding Genesco, Inc.’s Environmental, Social and Governance and Diversity, Equity and Inclusion opportunities. Further, Legion Partners added that it is seeking to elect its 4 independent nominees to the Company’s Board of Directors at the upcoming annual meeting of shareholders on July 20, 2021. Aankondiging • Jun 23
Legion Partners Releases Presentation Outlining the Case for Boardroom Change at Genesco On June 22, 2021, Legion Partners Asset Management, LLC announced that it released an extensive presentation that details its case for change in Genesco, Inc.’s boardroom. Legion Partners’ presentation underscores the urgent need for further change in the Company’s boardroom by shedding light on: broken corporate governance, concerning interlocks among insiders, chronic underperformance, sustained undervaluation, neglect for the core business, bloated costs, insufficient synergies and seemingly misleading attacks on our nominees. Legion Partners urged shareholders to vote on the white proxy card to elect its four director candidates and facilitate necessary change following the Company’s lost decade. Aankondiging • Jun 15
Legion Partners Issues Letter to Shareholders of Genesco On June 14, 2021, Legion Partners Asset Management, LLC issued an open letter to shareholders regarding Genesco, Inc.’s misaligned executive compensation structure. In the statement Legion added that it believes that the compensation committee leaders Matthew C. Diamond and Joanna Barsh have failed for years to align exec. Comp. with tangible business improvements and shareholder value. Aankondiging • May 28
Genesco Inc. Not to Provide Guidance for 2022 Genesco Inc. announced that due to the continued uncertainty in the overall economy driven by COVID-19, the Company is not providing guidance for 2022 at this time. Aankondiging • Mar 12
Genesco Inc. Not Provides Guidance for the Fiscal Year 2022 Due to the continued uncertainty in the overall economy driven by COVID-19, Genesco Inc. is not providing guidance at this time for the fiscal year 2022. Reported Earnings • Mar 12
Full year 2021 earnings released: US$3.94 loss per share (vs US$3.97 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: US$1.79b (down 19% from FY 2020). Net loss: US$56.0m (down 191% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 84% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 20%, compared to a 7.6% growth forecast for the Specialty Retail industry in Germany. Is New 90 Day High Low • Mar 05
New 90-day high: €39.80 The company is up 58% from its price of €25.20 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €32.05 per share. Aankondiging • Feb 26
Genesco Inc. to Report Q4, 2021 Results on Mar 11, 2021 Genesco Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 11, 2021 Aankondiging • Dec 06
Genesco Inc. Do Not Provide Guidance for the Fiscal Year 2021 Genesco Inc. provides earnings guidance for the fiscal year 2021. For the period, the company announced that due to the continued uncertainty in the overall economy driven by COVID-19, the Company is not providing guidance at this time. Reported Earnings • Dec 05
Third quarter 2021 earnings released: EPS US$0.52 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$479.3m (down 11% from 3Q 2020). Net income: US$7.48m (down 61% from 3Q 2020). Profit margin: 1.6% (down from 3.5% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 05
Revenue beats expectations Revenue exceeded analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 12%, compared to a 7.0% growth forecast for the Specialty Retail industry in Germany. Aankondiging • Dec 02
Genesco Inc. Announces Executive Changes Genesco Inc. announced that Thomas A. George is joining the company as senior vice president-finance effective December 14, 2020. He succeeds Melvin G. Tucker, whose resignation was effective November 27, 2020. George brings significant leadership experience to the role having served nine years as chief financial officer of global footwear company, Deckers Brands, where, during his tenure, the company doubled its revenue and increased its market capitalization fourfold. Earlier in his career, he was chief financial officer of Oakley, the global eyewear brand and served in the same capacity at companies in the technology and medical device industries. As previously announced, Vaughn has been temporarily serving as chief financial officer and will continue in that role until George's appointment becomes effective on December 14, 2020.