Companies

Genesco lifts full year adjusted earnings outlook on strong holiday sales

Jan 15, 2026 United States

The Nashville-based footwear company has increased its full-year adjusted earnings forecast after achieving strong comparable sales during the holiday season

“We were very pleased with our holiday performance as compelling assortments and exceptional execution by our teams drove strong conversion and full price selling at Journeys throughout December”, said Mimi Vaughn, Genesco’s Board Chair, President and Chief Executive Officer.

In the eight weeks up to the 27^th of December, the company’s comparable sales (including both stores and direct sales) increased by 9%, as compared to the same period in the previous 2025 financial year. This includes year-on-year growth of 12% at Journeys, 6% at Schuh and 1% at Johnston & Murphy Group.

“Journeys delivered a double-digit comparable increase as sales ramped up in December on top of a double-digit increase last year (…). Schuh’s top-line results were also above expectations, but sales were fuelled by increased discounting as the UK footwear market remains highly promotional, and we worked toward cleaner inventories to end the year”, explained Mimi Vaughn.

Genesco also reported that same-store sales increased by 10% during this period, while comparable sales for its e-commerce businesses increased by 9%, on a comparable basis to the same weeks in the prior fiscal year.

As a result, the company now expects adjusted earnings per share for the full year to be at least 1.30 US dollars, which is a “meaningful improvement” on its previous guidance of around 0.95 US dollars, and an increase on the 0.94 US dollars reported in fiscal year 2025.

However, the CEO warned that, “With consumer demand increasingly volatile and concentrated around key shopping moments, our focus is on disciplined execution and cost controls as we finish the year”.

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