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Business Segment Information | 12 Months Ended
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Feb. 01, 2025
Segment Reporting [Abstract] |
Business Segment Information | Note 16 Business Segment Information The accounting policies of the segments are the same as those described in the summary of significant accounting policies. Our reportable segments are based on management's organization of the segments in order to make operating decisions and assess performance along types of products sold. Journeys Group and Schuh Group sell primarily branded products from other companies while Johnston & Murphy Group and Genesco Brands Group sell primarily our owned and licensed brands. Our chief operating decision maker ("CODM") is our President and Chief Executive Officer. The CODM assesses performance of and allocates resources to each business segment based on segment results without allocating corporate expenses. These corporate expenses include corporate overhead, bank fees, interest expense, interest income, goodwill impairment, asset impairment charges and other, including severance, insurance gains, a gain on the termination of the pension plan, major litigation and major lease terminations. Reconciling items between segment operating income (loss) and earnings (loss) from continuing operations consist of unallocated corporate expenses. The CODM uses segment operating income (loss) as a measure of profit or loss. The measure of segment assets is reported on our Consolidated Balance Sheets as total assets. Corporate assets include cash, domestic prepaid rent expense, prepaid income taxes, deferred income taxes, deferred note expense on revolver debt, corporate fixed assets, corporate operating lease right of use assets and miscellaneous investments. Note 16 Business Segment Information, Continued
Fiscal 2025 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Journeys Group |  | Schuh Group |  | Johnston & Murphy Group |  | Genesco Brands Group |  | Corporate & Other |  | Consolidated |
Sales | $ | 1,398,922 |  | $ | 479,891 |  | $ | 320,208 |  | $ | 124,131 |  | $ | — |  | $ | 2,323,152 |
Intercompany sales(1) |  | — |  |  | — |  |  | — |  |  | 1,910 |  |  | — |  |  | 1,910 |
Net sales to external customers(2) |  | 1,398,922 |  |  | 479,891 |  |  | 320,208 |  |  | 126,041 |  |  | — |  |  | 2,325,062 |
Cost of sales |  | 715,723 |  |  | 280,395 |  |  | 148,461 |  |  | 83,670 |  |  | — |  |  | 1,228,249 |
Gross margin |  | 683,199 |  |  | 199,496 |  |  | 171,747 |  |  | 42,371 |  |  | — |  |  | 1,096,813 |
Selling and administrative expenses |  | 656,854 |  |  | 189,297 |  |  | 163,331 |  |  | 35,565 |  |  | 34,606 |  |  | 1,079,653 |
Segment operating income (loss) |  | 26,345 |  |  | 10,199 |  |  | 8,416 |  |  | 6,806 |  |  | (34,606 | ) |  | 17,160 |
Asset impairments and other(3) |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,235 |  |  | 3,235 |
Operating income (loss) |  | 26,345 |  |  | 10,199 |  |  | 8,416 |  |  | 6,806 |  |  | (37,841 | ) |  | 13,925 |
Other components of net periodic benefit cost |  | — |  |  | — |  |  | — |  |  | — |  |  | 367 |  |  | 367 |
Interest expense, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,250 |  |  | 4,250 |
Earnings (loss) from continuing operations before income taxes | $ | 26,345 |  | $ | 10,199 |  | $ | 8,416 |  | $ | 6,806 |  | $ | (42,458 | ) | $ | 9,308 |
Total assets at fiscal year end(4) | $ | 673,560 |  | $ | 189,103 |  | $ | 183,118 |  | $ | 77,154 |  | $ | 212,601 |  | $ | 1,335,536 |
Depreciation and amortization |  | 33,785 |  |  | 7,545 |  |  | 5,678 |  |  | 1,313 |  |  | 4,143 |  |  | 52,464 |
Capital expenditures |  | 20,478 |  |  | 9,223 |  |  | 9,555 |  |  | 785 |  |  | 1,091 |  |  | 41,132 |
(1) Intercompany sales for Fiscal 2025 reflect net intercompany returns. (2) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 79% and 21%, respectively, of our net sales for Fiscal 2025. (3) Asset impairments and other includes $1.8 million for severance and a $1.4 million charge for asset impairments, of which $0.8 million is in Journeys Group and $0.6 million is in Schuh Group. (4) Of our $666.3 million of long-lived assets, $90.3 million and $9.3 million relate to long-lived assets in the U.K. and Canada, respectively. Note 16 Business Segment Information, Continued
Fiscal 2024 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Journeys Group |  | Schuh Group |  | Johnston & Murphy Group |  | Genesco Brands Group |  | Corporate & Other |  | Consolidated |
Sales | $ | 1,363,835 |  | $ | 480,164 |  | $ | 339,460 |  | $ | 145,224 |  | $ | — |  | $ | 2,328,683 |
Intercompany sales |  | — |  |  | — |  |  | (14 | ) |  | (4,045 | ) |  | — |  |  | (4,059 | )
Net sales to external customers(1) |  | 1,363,835 |  |  | 480,164 |  |  | 339,446 |  |  | 141,179 |  |  | — |  |  | 2,324,624 |
Cost of sales |  | 696,351 |  |  | 273,588 |  |  | 160,461 |  |  | 95,404 |  |  | — |  |  | 1,225,804 |
Gross margin |  | 667,484 |  |  | 206,576 |  |  | 178,985 |  |  | 45,775 |  |  | — |  |  | 1,098,820 |
Selling and administrative expenses |  | 656,412 |  |  | 185,141 |  |  | 162,671 |  |  | 45,783 |  |  | 32,033 |  |  | 1,082,040 |
Segment operating income (loss) |  | 11,072 |  |  | 21,435 |  |  | 16,314 |  |  | (8 | ) |  | (32,033 | ) |  | 16,780 |
Goodwill impairment (2) |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,453 |  |  | 28,453 |
Asset impairments and other(3) |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,787 |  |  | 1,787 |
Operating income (loss) |  | 11,072 |  |  | 21,435 |  |  | 16,314 |  |  | (8 | ) |  | (62,273 | ) |  | (13,460 | )
Other components of net periodic benefit cost |  | — |  |  | — |  |  | — |  |  | — |  |  | 537 |  |  | 537 |
Interest expense, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 7,777 |  |  | 7,777 |
Earnings (loss) from continuing operations before income taxes | $ | 11,072 |  | $ | 21,435 |  | $ | 16,314 |  | $ | (8 | ) | $ | (70,587 | ) | $ | (21,774 | )
Total assets at fiscal year end(4) | $ | 659,150 |  | $ | 200,482 |  | $ | 165,217 |  | $ | 59,630 |  | $ | 245,411 |  | $ | 1,329,890 |
Depreciation and amortization |  | 32,419 |  |  | 6,636 |  |  | 5,113 |  |  | 984 |  |  | 4,289 |  |  | 49,441 |
Capital expenditures |  | 38,093 |  |  | 12,183 |  |  | 6,785 |  |  | 2,214 |  |  | 1,028 |  |  | 60,303 |
(1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 79% and 21%, respectively, of our net sales for Fiscal 2024. (2) Goodwill impairment of $28.5 million is related to Genesco Brands Group. (3) Asset impairments and other includes $1.1 million for severance and $1.0 million charge for asset impairments in the Journeys Group, partially offset by a $0.3 million insurance gain. (4) Of our $677.2 million of long-lived assets, $89.4 million and $12.3 million relate to long-lived assets in the U.K. and Canada, respectively. Note 16 Business Segment Information, Continued
Fiscal 2023 |  |  |  |  |  |  |  |  |  |  |  |
(In thousands) | Journeys Group |  | Schuh Group |  | Johnston & Murphy Group |  | Genesco Brands Group |  | Corporate & Other |  | Consolidated |
Sales | $ | 1,482,203 |  | $ | 432,002 |  | $ | 314,759 |  | $ | 158,684 |  | $ | — |  | $ | 2,387,648 |
Intercompany sales |  | — |  |  | — |  |  | — |  |  | (2,760 | ) |  | — |  |  | (2,760 | )
Net sales to external customers(1) |  | 1,482,203 |  |  | 432,002 |  |  | 314,759 |  |  | 155,924 |  |  | — |  |  | 2,384,888 |
Cost of sales |  | 735,969 |  |  | 252,192 |  |  | 150,417 |  |  | 110,120 |  |  | — |  |  | 1,248,698 |
Gross margin |  | 746,234 |  |  | 179,810 |  |  | 164,342 |  |  | 45,804 |  |  | — |  |  | 1,136,190 |
Selling and administrative expenses |  | 651,830 |  |  | 162,209 |  |  | 149,978 |  |  | 46,482 |  |  | 31,595 |  |  | 1,042,094 |
Segment operating income (loss) |  | 94,404 |  |  | 17,601 |  |  | 14,364 |  |  | (678 | ) |  | (31,595 | ) |  | 94,096 |
Asset impairments and other(2) |  | — |  |  | — |  |  | — |  |  | — |  |  | 855 |  |  | 855 |
Operating income (loss) |  | 94,404 |  |  | 17,601 |  |  | 14,364 |  |  | (678 | ) |  | (32,450 | ) |  | 93,241 |
Other components of net periodic benefit cost |  | — |  |  | — |  |  | — |  |  | — |  |  | 248 |  |  | 248 |
Interest expense, net |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,920 |  |  | 2,920 |
Earnings (loss) from continuing operations before income taxes | $ | 94,404 |  | $ | 17,601 |  | $ | 14,364 |  | $ | (678 | ) | $ | (35,618 | ) | $ | 90,073 |
Total assets at fiscal year end(3) | $ | 732,124 |  | $ | 198,813 |  | $ | 194,417 |  | $ | 74,526 |  | $ | 256,546 |  | $ | 1,456,426 |
Depreciation and amortization |  | 28,107 |  |  | 6,134 |  |  | 4,352 |  |  | 898 |  |  | 3,327 |  |  | 42,818 |
Capital expenditures |  | 27,237 |  |  | 10,330 |  |  | 8,154 |  |  | 1,429 |  |  | 12,784 |  |  | 59,934 |
(1) Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82% and 18%, respectively, of our net sales for Fiscal 2023. (2) Asset impairments and other includes a $1.6 million charge for asset impairments, of which $0.8 million is in the Journeys Group, $0.5 million is in the Johnston & Murphy Group, $0.2 million is in the Schuh Group and $0.1 million is in the Genesco Brands Group, partially offset by a $0.7 million gain on the termination of the pension plan. (3) Of our $704.7 million of long-lived assets, $93.3 million and $18.8 million relate to long-lived assets in the U.K. and Canada, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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