EX-99.2 3 gco-ex99_2.htm EX-99.2

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FY26 Q4 GENESCO Summary Results • March 6, 2026 Exhibit 99.2


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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, store openings and closures, cost reductions, and all other statements not addressing solely historical facts or present conditions. Forward-looking statements are usually identified by or are associated with such words as “intend,” “expect,” “feel,” “should,” “believe,” “anticipate,” “optimistic,” “confident” and similar terminology. Actual results could vary materially from the expectations reflected in these statements. A number of factors could cause differences. These include adjustments to projections reflected in forward-looking statements, including those resulting from weakness in store, e-commerce and shopping mall traffic, the imposition of tariffs (including the timing and amount thereof) on products imported by the Company or its vendors as well as the ability and costs to move production of products in response to tariffs; our ability to pass on price increases to our customers; restrictions on operations imposed by government entities and/or landlords, changes in public safety and health requirements, and limitations on the Company’s ability to adequately staff and operate stores. Differences from expectations could also result from store closures and effects on the business as a result of the level of consumer spending on our merchandise and interest in our brands and in general; the level and timing of promotional activity necessary to maintain inventories at appropriate levels; the Company’s ability to obtain from suppliers products that are in-demand on a timely basis and effectively manage disruptions in product supply or distribution, including disruptions as a result of pandemics or geopolitical events, including shipping disruptions near crucial trade routes; unfavorable trends in fuel costs, foreign exchange rates, foreign labor and material costs, and other factors affecting the cost of products; a disruption in shipping or increase in cost of our imported products, and other factors affecting the cost of products; our dependence on third-party vendors and licensors for the products we sell; store closures and effects on the business as a result of civil disturbances; our ability to renew our license agreements; impacts of the Russia-Ukraine war, the conflict in Israel and the surrounding areas; and other sources of market weakness in the locations in which we operate; the effectiveness of the Company's omnichannel initiatives; costs associated with changes in minimum wage and overtime requirements; wage pressures; labor shortages; the effects of inflation; the evolving regulatory landscape related to our use of social media; weakness in the consumer economy and retail industry; competition and fashion trends in the Company's markets, including trends with respect to the popularity of casual and dress footwear; any failure to increase sales at our existing stores, given our high fixed expense cost structure, and in our e -commerce businesses; risks related to the potential for terrorist events; risks related to public health and safety events; changes in buying patterns by significant wholesale customers; changes in consumer preferences; our ability to continue to complete and integrate acquisitions; our ability to expand our business and diversify our product base; impairment of goodwill in connection with acquisitions; payment related risks that could increase our operating cost, expose us to fraud or theft, subject us to potential liability and disrupt our business; retained liabilities associated with divestitures of businesses including potential liabilities under leases as the prior tenant or as a guarantor of certain leases; and changes in the timing of holidays or in the onset of seasonal weather affecting period-to-period sales comparisons. Additional factors that could cause differences from expectations include the ability to secure allocations to refine product assortments to address consumer demand; the ability to renew leases in existing stores and control or lower occupancy costs, to open or close stores in the number and on the planned schedule, and to conduct required remodeling or refurbishment on schedule and at expected expense levels; the Company’s ability to realize anticipated cost savings, including rent savings and savings in connection with the restructuring of the Company’s information technology functions; the amount and timing of share repurchases; our ability to make our occupancy costs more variable; the Company’s ability to achieve expected digital gains and gain market share; deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets, operating lease right of use assets or intangible assets or other adverse financial consequences and the timing and amount of such impairments or other consequences; unexpected changes to the market for the Company's shares or for the retail sector in general; costs and reputational harm as a result of disruptions in the Company’s business or information technology systems, as a result of security breaches and incidents or by potential problems associated with the implementation of new or upgraded systems or as the result of the restructuring of the Company’s information technology functions; changes in tax laws and tax rates and the Company’s ability to realize any anticipated tax benefits in both the amount and timeframe anticipated; and the cost and outcome of litigation, investigations, environmental matters and other disputes involving the Company. Additional factors are cited in the "Risk Factors," "Legal Proceedings" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of, and elsewhere in, the Company’s SEC filings, copies of which may be obtained from the SEC website, www.sec.gov, or by contacting the investor relations department of Genesco via the Company’s website, www.genesco.com. Many of the factors that will determine the outcome of the subject matter of this release are beyond Genesco's ability to control or predict. Genesco undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements reflect the expectations of the Company at the time they are made. The Company disclaims any obligation to update such statements.


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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 (loss) and earnings (loss) per share and operating income (loss). This supplemental information should not be considered in isolation as a substitute for related GAAP measures. We believe that disclosure of earnings (loss) and earnings (loss) per share from continuing operations and operating income (loss) adjusted for the items not reflected in the previously announced expectations will be meaningful to investors, especially in light of the impact of such items on the results. Reconciliations of the non-GAAP supplemental information to the comparable GAAP measures can be found in the Appendix. Non-GAAP • Financial Measures


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Q4 FY26 Financial Snapshot SALES $800M Up 7% vs Q4 FY2025 with e-commerce 31% of retail sales SG&A $312M 39.1% of sales and 140 bps leverage vs Q4 FY2025 COMPS +9% Stores E-commerce Journeys +9% +8% +12% GAAP EPS $4.43 Non-GAAP EPS $3.74 GAAP OI $51.3M Non-GAAP OI $55.9M GAAP GROSS MARGIN 45.9% Down 100 bps vs Q4 FY2025 Non-GAAP GROSS MARGIN 46.0% Down 90 bps vs Q4 FY2025


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12mos FY26 Financial Snapshot SALES $2.4B Up 5% vs FY2025 with e-commerce 25% of retail sales SG&A $1.1B 45.2% of sales and 120 bps leverage vs FY2025 COMPS +6% Stores E-commerce Journeys +6% +4% +9% GAAP EPS $1.25 Non-GAAP EPS $1.45 GAAP OI $17.3M Non-GAAP OI $26.6M GROSS MARGIN 46.3% Down 90 bps vs FY2025


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Q4 Strongest quarterly comp performance of the year The sixth consecutive quarter of positive comps, with overall comp growth of 9% and Journeys comps of 12% for the quarter on top of double-digit comps last year Stores continued positive growth with comps up 9% for the quarter and e-commerce comps up 8% Selling and administrative expenses leveraged 140 basis points for the quarter Journeys delivered 240 basis points of operating income expansion in the fourth quarter Total operating income increased 11% and adjusted operating income increased 17% for the quarter Adjusted EPS growth of 15% to $3.74 for the quarter Q4 & FY26 • Highlights FY26 We delivered positive comps in every quarter of the year Overall comp growth of 6% and Journeys comps of 9% for the year Stores had positive growth with comps up 6% for the year and e-commerce comps up 4% Selling and administrative expenses leveraged 120 basis points for the year Journeys delivered 210 basis points of operating income expansion for the year Total operating income increased 24% and adjusted operating income increased 41% for the year Adjusted EPS growth of 54% to $1.45 for the year Ended the year in a healthy inventory position, only up 2% year over year


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Footwear First Strategy We unite footwear-led brands that inspire consumers with elevated, on-trend style


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What We Do Footwear is what we know, and our brands are where we win. By combining winning assortments, distinctive brands, and exceptional customer experiences, we attract more customers and create loyalty. Our people are our advantage. We have the teams, the skills, and the drive for success.


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Growth Drivers Powered by Performance 1 2 3 Curate & Create Winning Product We focus on having the right footwear, in the right styles, all the time. Elevate Distinct Brands We activate brands with unique stories, product, and experiences to be top of mind for our customers. Create Exceptional Experiences We offer compelling physical and digital environments that drive customers to choose us. Build Amazing Teams We have the capabilities to perform, improve, and deliver results that move us forward. 4


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What is Journeys’ Strategic Growth Plan? Multi-Brand, multi-category offering to inspire the journey from one you to the next


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Unique Consumer Positioning There is white space in the market for Journeys to expand its reach amongst teens with a sharp focus on females STYLE-LED FOOTWEAR DESTINATION


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Our three consumer segments reach a wider teen audience with a more intentional focus Target Consumer Segments @STYLECHASER What’s cool & fashionable More mainstream Later trend adopters @ANTI-HERO Independent Heritage Journeys consumer Self-expression @DYNAMICEXPLORER Many different styles What’s new & next Seeks latest trend


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STRATEGIES DIVERSIFY OUR FOOTWEAR LEADERSHIP BUILD OUR BRAND RE-IMAGINE OUR STORE FLEET DRIVE DIGITAL EVOLUTION UNLOCK THE POWER OF OUR PEOPLE


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DIVERSIFY OUR FOOTWEAR LEADERSHIP STRATEGIES Lead with Her Elevate & Diversify the Assortment Extend Key Franchise Leadership Drive Newness and Trend Leadership ASP Increases


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BUILD OUR BRAND STRATEGIES Life on Loud and New Creative Concept for BTS and Holiday Invest in Journeys Brand Presence for Greater Awareness Elevate Editorial Content and Trend Positioning Expand Brand Activation Launch Community Platform


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STRATEGIES Double 4.0 Store Count Pursue Targeted Expansions & Relocations Strengthen Key Markets Test Journeys Kidz 4.0 Concept RE-IMAGINE OUR STORE FLEET


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STRATEGIES Improve Online Discoverability within Agentic Search Elevate the Site Experience Increase Customer Acquisition & Retention Including All-Access DRIVE DIGITAL EVOLUTION


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FINANCIALS


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Q4 FY26 • Key Earnings Highlights


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12mos FY26 • Key Earnings Highlights


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Q4 FY26 Capital Allocation Snapshot TOTAL LIQUIDITY ~$437M Liquidity is comprised of cash and borrowing available under bank facilities INVENTORY $434M +2% vs Q4 FY2025 CAPITAL EXPENDITURES $10M ~60% allocated to stores ~40% to other STORE COUNT 1,236 6 15 Opened Closed SHARE REPURCHASES $0M $30M remaining under current authorization   JOURNEYS 4.0 8 remodels 84 total remodels to date


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% of Retail Sales (1) 31% 25% 30% 31% 25% 25% 13% 6% FY26 • Strong Digital Growth (1) Retail sales represent combined store sales and e-commerce sales


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Q4 FY26 Net Sales $799.9 Million Journeys Schuh Johnston & Murphy Group Genesco Brands Group Q4 FY26 Sales by Segment


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Q4 FY26 & Proj 12 mos FY27 • Retail Store Summary


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FY27 • Outlook (1) Additional color on anticipated sales growth by business which includes a reduction in sales of approx. $30 million due to net store closures: Journeys: Low-single digit percentage increase schuh: Mid-single digit percentage decrease with promotional reset Johnston & Murphy: Mid-single digit percentage increase Genesco Brands Group: A reduction in sales of approx. $30 million net due to exit of licenses


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APPENDIX


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Q4 FY26 • Adjusted Operating Income Statement (1)


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12mos FY26 • Adjusted Operating Income Statement (1)


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Q4 FY26 • Non-GAAP Reconciliation


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12mos FY26 • Non-GAAP Reconciliation


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Q4 FY26 • Adjusted Gross Margin


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12mos FY26 • Adjusted Gross Margin


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FY26 Q4 GENESCO Summary Results • March 6, 2026