American retailer Genesco Inc has reported improved third quarter (Q3) results for the period ended November 01, 2025, (FY26) as rising store traffic and disciplined cost control lifted performance.
Net sales rose 3 per cent to $616 million, supported by a 3 per cent increase in comparable sales. Store comps climbed 5 per cent, while e-commerce accounted for 23 per cent of total retail sales, indicating a balanced omnichannel contribution.
The company achieved meaningful operating leverage, with selling and administrative expenses improving by 140 basis points from last year. Profitability also strengthened: GAAP earnings per share reached $0.51, compared with a loss of $1.76 a year earlier. Non-GAAP EPS increased to $0.79, up from $0.61 in the prior year’s quarter.
On the back of better than expected quarterly performance, Genesco revised its fourth quarter and full-year outlook.
“We delivered another quarter of top and bottom-line growth, marking our fifth consecutive quarter of positive comparable sales increases. The third quarter demonstrated the power of our strategic initiatives, with Journeys delivering strong double-digit comp growth during back-to-school on top of double-digit growth last year,” Mimi E. Vaughn, Genesco's board chair, president and chief executive officer, said.
“We experienced a meaningful pullback in the back half of the third quarter, as consumers retreated following the back-to-school season when there was less of a reason to shop. Our sales trends improved during the important Black Friday / Cyber Monday period, contributing to a positive start to the fourth quarter,” Vaughn continued.
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