NYSE$GCO

Genesco Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported record second quarter profitability, sales and earnings accelerated and continued to exceed pre-pandemic levels.

Genesco Inc. reported outstanding second quarter results, with record second quarter profitability. Net sales increased 42% from last year to $555 million. GAAP EPS from continuing operations increased to $0.74 and Non-GAAP EPS from continuing operations increased to $1.051.

  • Net sales increased 42% from last year to $555 million
  • Net sales increased 14% over the second quarter two years ago with stores open about 97% of days
  • GAAP operating income increased 336% over second quarter two years ago
  • Non-GAAP EPS from continuing operations increased to $1.051 vs. ($1.23) last year and $0.15 two years ago

Headline financials

Total Revenue

$555M

Previous: $391M+41.9%
EPS (adj)

$1.05

Previous: -$1.23+185.4%
Gross Margin

49.1%

Previous: 42.7%+15.0%
Capital Expenditures

-$19.5M

Previous: -$3.9M-401.2%
Free Cash Flow

-$8.61M

Previous: -$22.9M+62.5%
Net Income

$10.9M

Previous: -$19M+157.5%
Operating Income

$12.9M

Previous: -$22M+158.7%
Gross Profit

$273M

Previous: $167M+63.2%
Cash & Equivalents

$304M

Previous: $299M+1.6%
Total Assets

$1.66B

Previous: $1.77B-6.3%
Stock-Based Comp

$2.06M

No prior period

Revenue & EPS history

Genesco · Revenue · Quarterly

$555M

Q2 2022+41.9%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Genesco · $514M total across 3 segments · Q2 2022

  • Journeys Group
    $346M+25.2%
  • Schuh Group
    $106M+47.9%
  • Johnston & Murphy Group
    $61.2M+153.8%

Forward guidance

Due to the continued uncertainty in the overall economy driven by the COVID-19 pandemic, specifically the spread of the Delta variant, the Company is not providing guidance at this time, but will provide commentary on its outlook for the coming quarter in its prepared remarks on today’s earnings call.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-2.8%

Avg return

Earnings day

-6.1%

Avg return

5 days after

-5.5%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+38.1%

Q3 2020

Best reaction

-35.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.6%-1.2%+8.8%
Q3 2026-30.6%-33.6%-29.8%
Q2 2026-6.7%-2.7%-8.3%
Q1 2026+0.2%+1.6%-0.4%
Q4 2025-16.3%-34.5%-44.4%
Q3 2025+11.4%+17.6%+14.1%
Q2 2025-12.6%-16.9%-4.4%
Q1 2025+7.6%+2.7%-5.3%
Q4 2024-13.5%-10.3%-10.3%
Q3 2024-12.8%-21.1%-5.8%
Q2 2024+15.1%+7.0%+5.7%
Q1 2024-35.5%-38.3%-19.6%
Q4 2023-12.4%-23.6%-24.3%
Q3 2023-9.7%-5.1%-4.9%
Q2 2023-24.0%-21.7%-30.5%
Q1 2023+7.6%+2.5%+3.1%
Q4 2022+7.8%+6.6%+2.5%
Q3 2022-0.2%+1.5%+0.6%
Q2 2022-9.2%-11.5%-4.8%
Q1 2022-5.7%-0.4%+9.1%
Q4 2021-1.5%-8.6%-4.3%
Q3 2021+1.7%+7.1%-2.1%
Q2 2021-1.7%-4.8%+3.9%
Q1 2021-14.9%-21.2%-37.4%
Q4 2020-8.3%-38.8%-19.7%
Q3 2020+38.1%+31.9%+28.6%
Q2 2020+15.6%+22.1%+6.1%
Q1 2020+15.0%+7.6%+5.0%
Q4 2019-9.9%-9.3%-6.5%
Q3 2019+2.4%-0.4%+10.7%
Q2 2019+1.8%+0.3%-5.3%
Q1 2019-11.3%-8.8%-10.7%
Q4 2018-1.6%-2.3%+5.1%
Q3 2018-11.3%-7.7%+4.5%
Q2 2018-9.0%-7.5%+4.3%
Q1 2018-17.5%-16.6%-26.2%
Q4 2017+3.9%+4.1%-9.0%
Q3 2017+10.4%+12.1%-1.8%
Q2 2017-32.5%-32.9%-25.0%
Q1 2017+11.1%+9.7%+10.4%
Q4 2016-2.6%
Q3 2016+10.1%
Q2 2016+5.3%
Q1 2016-3.7%
Q4 2015-7.7%
Q3 2015-11.6%
Q2 2015-10.6%
Q1 2015+4.1%
Q4 2014+4.2%
Q3 2014-2.7%
Q2 2014-11.3%
Q1 2014-1.8%
Q4 2013-1.0%
Q3 2013-10.4%
Q2 2013-1.0%
Q1 2012-2.2%
Q1 2013+1.2%
Q4 2012+6.1%
Q4 2010+6.1%
Q3 2011+2.4%
Q3 2012+2.4%
Q2 2012-1.3%
Q2 2011-1.3%
Q4 2011-1.3%
Q1 2011+7.1%

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