Genesco Inc. announced that its comparable sales, encompassing both stores and direct sales, increased by 10% for the quarter-to-date period ending December 28, 2024. This strong performance was highlighted by a 6% increase in same-store sales and a significant 20% surge in the company’s e-commerce businesses on a comparable basis.
The Journeys Group led this growth with a 14% increase in comparable sales, indicating accelerated sales trends following a strong start to the holiday season. The Schuh Group also saw a positive comparable sales increase of 3%, while the Johnston & Murphy Group experienced a slight decline of 1%.
Based on these results and ongoing efforts to optimize its store fleet through accelerated closures, Genesco reaffirmed its full-year Fiscal 2025 adjusted earnings per share guidance in the range of $0.80 to $1.00. This update signals continued confidence in the company's strategic direction and its ability to drive growth and profitability.
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