Genesco Inc. reported third-quarter Fiscal 2025 net sales of $596 million, an increase of 3% compared to $579 million in the prior year's third quarter. This growth was driven by a 6% increase in total comparable sales, which included a 15% rise in e-commerce comparable sales and a 4% increase in same-store sales.
The Journeys Group was a primary driver of this performance, achieving an impressive 11% increase in comparable sales, a significant turnaround from an 8% decline in the previous year. This strong showing at Journeys, fueled by product assortment improvements and store resets, more than offset modest comparable sales declines of 1% at both the Schuh Group and Johnston & Murphy Group.
Adjusted earnings per share for the quarter reached $0.61, surpassing the $0.57 reported in the third quarter of last year. The company also raised its full-year Fiscal 2025 guidance, reflecting confidence in its strategic initiatives and the continued positive momentum at Journeys, despite a slight decrease in gross margin to 47.8% due to product mix shifts.
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