The following is a summary of the Genesco Inc. (GCO) Q2 2025 Earnings Call Transcript:
Financial Performance:
Consolidated quarterly revenue was $525 million, surpassing expectations.
Adjusted operating loss improved to $9.3 million from $10 million in the prior year's quarter.
Adjusted diluted loss per share improved to $0.83, better than last year's $0.85.
Business Progress:
Journeys demonstrated positive sales momentum into the back-to-school season, expected to continue into the holiday season.
Initiatives to reposition Genesco brands showing promising results with a focus on high-margin products.
Optimization of store footprint by closing unproductive stores enhancing overall profitability.
Opportunities:
Positive sales trends in Journeys expected to harness momentum during holiday seasons.
New assortment and marketing strategies aimed at the teen girl demographic unveiled significant opportunities.
Risks:
Continued promotional activities at Schuh to clear inventory affected gross margins, a trend expected to persist but with lesser impact.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.