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Business Segment Information
 3 Months Ended
May 03, 2025
Segment Reporting [Abstract]  
Business Segment Information

Note 8

Business Segment Information

 

Three Months Ended May 3, 2025

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Corporate
& Other

 

Consolidated

 

Sales

$

272,634

 

$

95,915

 

$

76,839

 

$

28,585

 

$

—

 

$

473,973

 

Intercompany sales elimination

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Net sales to external customers(1)

 

272,634

 

 

95,915

 

 

76,839

 

 

28,585

 

 

—

 

 

473,973

 

Cost of sales

 

139,515

 

 

57,738

 

 

35,702

 

 

19,837

 

 

—

 

 

252,792

 

Gross margin

 

133,119

 

 

38,177

 

 

41,137

 

 

8,748

 

 

—

 

 

221,181

 

Selling and administrative expenses

 

148,402

 

 

44,308

 

 

40,637

 

 

8,050

 

 

7,638

 

 

249,035

 

Segment operating income (loss)

 

(15,283

)

 

(6,131

)

 

500

 

 

698

 

 

(7,638

)

 

(27,854

)

Asset impairments and other(2)

 

—

 

 

—

 

 

—

 

 

—

 

 

291

 

 

291

 

Operating income (loss)

 

(15,283

)

 

(6,131

)

 

500

 

 

698

 

 

(7,929

)

 

(28,145

)

Other components of net periodic benefit cost

 

—

 

 

—

 

 

—

 

 

—

 

 

180

 

 

180

 

Interest expense, net

 

—

 

 

—

 

 

—

 

 

—

 

 

1,339

 

 

1,339

 

Earnings (loss) from continuing operations before income taxes

$

(15,283

)

$

(6,131

)

$

500

 

$

698

 

$

(9,448

)

$

(29,664

)

Total assets (3)

$

721,610

 

$

224,530

 

$

184,944

 

$

66,269

 

$

207,238

 

$

1,404,591

 

Depreciation and amortization

 

8,249

 

 

1,924

 

 

1,788

 

 

342

 

 

1,090

 

 

13,393

 

Capital expenditures

 

10,405

 

 

3,629

 

 

4,641

 

 

76

 

 

147

 

 

18,898

 

 

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 80% and 20%, respectively, of our net sales in the first quarter of Fiscal 2026.

(2) Asset impairments and other includes a $0.3 million charge for severance.

(3) Of our $709.0 million of long-lived assets, $99.1 million and $14.1 million relate to long-lived assets in the U.K. and Canada, respectively.

 

 

Three Months Ended May 4, 2024

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Corporate
& Other

 

Consolidated

 

Sales

$

259,445

 

$

92,349

 

$

79,207

 

$

24,599

 

$

—

 

$

455,600

 

Intercompany sales elimination(1)

 

—

 

 

—

 

 

—

 

 

1,997

 

 

—

 

 

1,997

 

Net sales to external customers(2)

 

259,445

 

 

92,349

 

 

79,207

 

 

26,596

 

 

—

 

 

457,597

 

Cost of sales

 

131,801

 

 

54,169

 

 

36,613

 

 

18,733

 

 

—

 

 

241,316

 

Gross margin

 

127,644

 

 

38,180

 

 

42,594

 

 

7,863

 

 

—

 

 

216,281

 

Selling and administrative expenses

 

146,466

 

 

44,076

 

 

40,239

 

 

8,849

 

 

8,201

 

 

247,831

 

Segment operating income (loss)

 

(18,822

)

 

(5,896

)

 

2,355

 

 

(986

)

 

(8,201

)

 

(31,550

)

Asset impairments and other (3)

 

—

 

 

—

 

 

—

 

 

—

 

 

578

 

 

578

 

Operating income (loss)

 

(18,822

)

 

(5,896

)

 

2,355

 

 

(986

)

 

(8,779

)

 

(32,128

)

Other components of net periodic benefit cost

 

—

 

 

—

 

 

—

 

 

—

 

 

109

 

 

109

 

Interest expense, net

 

—

 

 

—

 

 

—

 

 

—

 

 

890

 

 

890

 

Earnings (loss) from continuing operations before income taxes

$

(18,822

)

$

(5,896

)

$

2,355

 

$

(986

)

$

(9,778

)

$

(33,127

)

Total assets (4)

$

653,489

 

$

209,372

 

$

153,890

 

$

54,716

 

$

235,950

 

$

1,307,417

 

Depreciation and amortization

 

8,612

 

 

1,869

 

 

1,382

 

 

314

 

 

1,060

 

 

13,237

 

Capital expenditures

 

3,491

 

 

733

 

 

1,715

 

 

231

 

 

207

 

 

6,377

 

 

(1) Intercompany sales for the first three months of Fiscal 2025 reflect net intercompany returns.

(2) Net sales in North America and in the U.K., which includes the ROI, accounted for 80% and 20%, respectively, of our net sales for the first quarter of Fiscal 2025.

(3) Asset impairments and other includes a $0.3 million charge for asset impairments in Journeys Group and $0.3 million for severance.

(4) Of our $653.7 million of long-lived assets, $90.0 million and $11.9 million relate to long-lived assets in the U.K. and Canada, respectively.