Genesco
Genesco's revenue rose 4.8% to $2.4 billion in fiscal 2026. Its operating margin was 0.7%, up from 0.6% a year earlier. Free cash flow was $84 million, up 79.0%. It paid out $13 million in dividends and buybacks, 15% of free cash flow. The diluted share count fell 2.0%.
Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.
Charts show fiscal years, from the 10-K filings.
What Genesco does
Genesco sells branded footwear, apparel and accessories, mostly through its own stores and websites, and also wholesale. Net sales for fiscal 2026, the year ended January 31, 2026, were $2.4 billion. At that date it ran 1,236 stores, mainly in the United States and Puerto Rico, including 63 in Canada and 118 in the United Kingdom and Ireland.
It reports four segments. Journeys Group has the Journeys, Journeys Kidz and Little Burgundy footwear chains. Schuh Group has the Schuh footwear chain. Johnston & Murphy Group has the Johnston & Murphy stores, website and wholesale business. Genesco Brands Group handles licensed brands such as Dockers and Levi's. Its wholesale accounts include department, discount and specialty stores and online retailers.
Its Levi's license expires in May 2026 and it is exiting that business. It signed a multi-year license with Kontoor Brands to make and sell Wrangler footwear, with the first collection expected in the fall of 2026. In fiscal 2027 it plans to open about 23 stores and close about 75.
Its biggest risks, as it describes them
- Failing to lift sales at existing stores while carrying high fixed costs, and fewer shoppers in malls.
- Not keeping up with fast-changing fashion trends and consumer preferences.
- Depending on third-party vendors and licensors for the goods it sells, including licenses that end.
- Trade restrictions, tariffs and foreign sourcing that raise costs or limit supply.
- Risks in opening new stores and renewing leases, and in a changing retail environment.
Income statement
From fiscal 2017 to 2026, earnings per share fell 13.9% a year and net income 19.8% a year, while buybacks cut the share count by 48%.
Returns on capital
Balance sheet
Five years at a glance
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | 320 | 48 | 35 | 34 | 105 |
| Debt incl. finance leases | 16 | 45 | 35 | 0 | 3 |
| Net debt (negative means net cash) | −305 | −3 | −0 | −34 | −102 |
| Net debt to EBITDA | −1.5x | −0.0x | −0.0x | −0.5x | −1.4x |
| Debt to equity | 0.0x | 0.1x | 0.1x | 0.0x | 0.0x |
| Interest coverage | 63.5x | 31.9x | −1.7x | 3.1x | 4.0x |
| Current ratio | 1.6x | 1.6x | 1.6x | 1.6x | 1.6x |
| Quick ratio | 1.0x | 0.3x | 0.4x | 0.5x | 0.5x |
Cash flow
Projections
Project Genesco's revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.
Insider trades
No officer, director or 10% owner of Genesco reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.
Indicators
Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.
| Indicator | FY24 | FY25 | FY26 |
|---|---|---|---|
| Piotroski F-score | 6 of 9 | 6 of 9 | 7 of 9 |
| Rule of 40 | −1.0% | 2.0% | 8.2% |
| Altman Z'' | 2.38 | 2.57 | 2.57 |
| Accruals ratio | −8.0% | −8.0% | −9.7% |
The nine F-score tests
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | Fail | Fail | Pass |
| Cash from operations is positive | Pass | Pass | Pass |
| Return on assets rose | Fail | Fail | Pass |
| Cash from operations exceeds net income | Pass | Pass | Pass |
| Debt fell relative to assets | Pass | Pass | Fail |
| Current ratio rose | Pass | Pass | Pass |
| Share count didn't rise | Pass | Pass | Pass |
| Gross margin rose | Fail | Fail | Fail |
| Revenue rose relative to assets | Pass | Pass | Pass |
| F-score | 6 of 9 | 6 of 9 | 7 of 9 |
Compare
Put Genesco side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.
Similar companies
| Company | Year | Revenue growth | Operating margin | Free cash flow margin | Return on capital | Net debt to EBITDA | F-score | Compare |
|---|---|---|---|---|---|---|---|---|
| Genesco | FY26 | 4.8% | 0.7% | 3.4% | 3.5% | −1.4x | 7 | |
| Boot Barn | FY26 | 17.9% | 13.3% | 5.6% | — | — | — | Compare |
| Designer Brands | FY25 | −3.9% | 1.6% | 2.7% | 3.4% | 3.8x | 6 | Compare |
| Buckle | FY25 | 6.6% | 20.1% | 15.9% | — | — | — | Compare |
| Shoe Station Group | FY25 | −5.6% | 5.9% | 2.3% | — | — | — | Compare |
10 years of figures
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | 2,021 | 2,128 | 2,189 | 2,197 | 1,786 | 2,422 | 2,385 | 2,325 | 2,325 | 2,436 |
| Revenue growth | −33.1% | 5.3% | 2.9% | 0.4% | −18.7% | 35.6% | −1.5% | −2.5% | 0.0% | 4.8% |
| Gross profit | 1,418 | 1,011 | 1,047 | 1,063 | 804 | 1,181 | 1,136 | 1,099 | 1,097 | 1,127 |
| Research and development | — | — | — | — | — | — | — | — | — | — |
| Operating income | 108 | 74 | 82 | 83 | −107 | 156 | 93 | −14 | 14 | 17 |
| Net income | 97 | −112 | −52 | 61 | −56 | 115 | 72 | −17 | −19 | 13 |
| Diluted EPS (US$) | 4.83 | −5.80 | −2.66 | 3.92 | −3.97 | 7.92 | 5.66 | −1.50 | −1.74 | 1.25 |
| Diluted shares (millions) | 20 | 19 | 20 | 16 | 14 | 14 | 13 | 11 | 11 | 11 |
| Cash flow | ||||||||||
| Cash from operations | 165 | 165 | 237 | 117 | 158 | 240 | −165 | 95 | 88 | 146 |
| Capital expenditure | 94 | 128 | 57 | 30 | 24 | 54 | 60 | 60 | 41 | 62 |
| Free cash flow | 71 | 37 | 180 | 87 | 134 | 186 | −225 | 34 | 47 | 84 |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share buybacks | 140 | 16 | 45 | 190 | 0 | 78 | 78 | 32 | 10 | 13 |
| Acquisitions | 0 | 0 | 0 | 34 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-based compensation | — | — | — | — | 8 | 9 | 14 | 14 | 13 | 12 |
| Balance sheet at fiscal year end | ||||||||||
| Cash and short-term investments | 48 | 40 | 167 | 81 | 215 | 320 | 48 | 35 | 34 | 105 |
| Debt incl. finance leases | 83 | 88 | 66 | 14 | 33 | 16 | 45 | 35 | 0 | 3 |
| Total assets | 1,441 | 1,315 | 1,181 | 1,680 | 1,587 | 1,562 | 1,456 | 1,330 | 1,336 | 1,393 |
| Total liabilities | 518 | 485 | 444 | 1,061 | 1,021 | 960 | 850 | 759 | 789 | 826 |
| Shareholders' equity | 921 | 831 | 738 | 619 | 567 | 602 | 607 | 571 | 547 | 567 |
| Margins and ratios | ||||||||||
| Gross margin | 70.2% | 47.5% | 47.8% | 48.4% | 45.0% | 48.8% | 47.6% | 47.3% | 47.2% | 46.3% |
| Operating margin | 5.3% | 3.5% | 3.7% | 3.8% | −6.0% | 6.4% | 3.9% | −0.6% | 0.6% | 0.7% |
| Net margin | 4.8% | −5.3% | −2.4% | 2.8% | −3.2% | 4.7% | 3.0% | −0.7% | −0.8% | 0.5% |
| Free cash flow margin | 3.5% | 1.7% | 8.2% | 4.0% | 7.5% | 7.7% | −9.4% | 1.5% | 2.0% | 3.4% |
| Rule of 40 (growth + FCF margin) | −29.6% | 7.0% | 11.1% | 4.4% | −11.2% | 43.2% | −11.0% | −1.0% | 2.0% | 8.2% |
| Return on capital | 7.4% | 4.3% | 7.1% | 10.5% | −18.1% | 34.3% | 16.6% | −1.8% | 1.3% | 3.5% |
| Return on equity | 10.4% | −12.8% | −6.6% | 9.1% | −9.5% | 19.6% | 11.9% | −2.9% | −3.4% | 2.4% |
| Return on assets | 6.5% | −8.1% | −4.2% | 4.3% | −3.5% | 7.3% | 4.8% | −1.2% | −1.4% | 1.0% |
| Net debt to EBITDA | 0.2x | 0.3x | −0.6x | −0.5x | — | −1.5x | −0.0x | −0.0x | −0.5x | −1.4x |