Genesco Inc.

Genesco Inc. (GCO) reported net sales of $2.44 billion for fiscal year 2026 ended January 31, 2026, as per its 10-K filing dated March 25, 2026. Gross margin stood at $1.13 billion after cost of sales of $1.31 billion. Selling and administrative expenses totaled $1.10 billion, with no goodwill impairment and asset impairments and other, net of -$8.1 million, yielding operating income of $17.3 million. Other components of net periodic benefit cost added $625K, while interest expense net was -$4.1 million (net of $0.7 million interest income). Earnings from continuing operations before taxes were $12.6 million, bolstered by a $685K income tax benefit, resulting in $13.3 million earnings from continuing operations. Net earnings were $13.3 million, or $1 per basic and diluted share (10.4 million basic shares, 10.6 million diluted). The balance sheet reflects total assets of $1.39 billion, including $105.4 million cash and equivalents, $433.9 million inventories, and $618.5 million current assets. Total liabilities were $825.9 million, with long-term debt at only $3.4 million and equity at $567.0 million. Cash flows showed $145.8 million from operations, -$62.1 million investing (capital expenditures $62.1 million), and -$13.3 million financing, with a $71.4 million net increase in cash. These figures highlight operational resilience and strong liquidity, supporting strategic flexibility amid retail dynamics.

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