Genesco Inc. reported a 4% increase in net sales for the first quarter of fiscal 2026, totaling $474 million compared to the same period last year. The company's comparable sales rose by 5%, with a notable 8% increase driven by the Journeys brand. E-commerce sales accounted for 23% of retail sales, demonstrating a 7% increase. Selling and administrative expenses improved by 170 basis points from the previous year. Genesco's GAAP earnings per share $(EPS)$ was reported at ($2.02), an improvement from last year's ($2.22). The company reiterated its full-year adjusted EPS guidance, projecting a range of $1.30 to $1.70, including the impact of current tariffs. The company highlighted its strategic efforts to accelerate growth and enhance market share, alongside initiatives to optimize its cost structure and store operations, contributing to improved operating income.
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