Revenue growth remains stagnant with quarterly fluctuations between a 5.3% decline and a 7.2% increase, while operating margins have compressed to a precarious -5.2% as of 2027Q1.
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Jan'21 | Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 | Jan'10 | Jan'09 | Jan'08 | Jan'07 | Jan'06 | Jan'05 | Jan'04 | Jan'03 | Jan'02 | Jan'01 | Jan'00 | Jan'99 | Jan'98 | Jan'97 |
|---|
| Sales/Revenue | 2.45B | 2.44B | 2.33B | 2.32B | 2.38B | 2.42B | 1.79B | 2.2B | 2.19B | 2.13B | 2.02B | 3.02B | 2.86B | 2.62B | 2.6B | 2.29B | 1.79B | 1.57B | 1.55B | 1.5B | 1.46B | 1.28B | 1.11B | 837.38M | 828.31M | 746.16M | 680.17M | 553.03M | 549.75M | 536.11M | 461.3M |
| Revenue Growth % | -4.41% | 4.78% | 0.02% | -2.53% | -1.54% | 35.57% | -18.69% | 0.39% | 2.87% | 5.28% | -33.13% | 5.68% | 8.95% | 0.77% | 13.65% | 28.06% | 13.69% | 1.47% | 3.29% | 2.85% | 13.76% | 15.39% | 32.88% | 1.1% | 11.01% | 9.7% | 22.99% | 0.6% | 2.54% | 16.22% | 6.14% |
| Cost of Goods Sold | 1.31B | 1.31B | 1.23B | 1.23B | 1.25B | 1.24B | 982.06M | 1.13B | 1.14B | 1.12B | 1.04B | 1.58B | 1.46B | 1.33B | 1.31B | 1.14B | 891.69M | 778.48M | 771.58M | 750.9M | 729.64M | 631.47M | 561.6M | 448.6M | 438.23M | 397.21M | 344.45M | 296.77M | 296.2M | 304.3M | 266.5M |
| COGS % of Revenue | - | 53.74% | 52.83% | 52.73% | 52.36% | 51.23% | 54.97% | 51.61% | 52.16% | 52.46% | 51.71% | 52.24% | 51.03% | 50.51% | 50.15% | 49.9% | 49.82% | 49.45% | 49.73% | 49.99% | 49.96% | 49.18% | 50.47% | 53.57% | 52.91% | 53.23% | 50.64% | 53.66% | 53.88% | 56.76% | 57.77% |
| Gross Profit | 1.13B | 1.13B | 1.1B | 1.1B | 1.14B | 1.18B | 804.47M | 1.06B | 1.05B | 1.01B | 975.92M | 1.44B | 1.4B | 1.3B | 1.3B | 1.15B | 898.15M | 795.87M | 779.98M | 751.22M | 730.84M | 652.41M | 551.08M | 388.78M | 390.08M | 348.94M | 335.71M | 256.26M | 253.55M | 231.81M | 194.8M |
| Gross Margin % | 46.33% | 46.26% | 47.17% | 47.27% | 47.64% | 48.77% | 45.03% | 48.39% | 47.84% | 47.54% | 48.29% | 47.76% | 48.97% | 49.49% | 49.85% | 50.1% | 50.18% | 50.55% | 50.27% | 50.01% | 50.04% | 50.82% | 49.53% | 46.43% | 47.09% | 46.77% | 49.36% | 46.34% | 46.12% | 43.24% | 42.23% |
| Gross Profit Growth % | - | 2.74% | -0.18% | -3.29% | -3.81% | 46.82% | -24.33% | 1.53% | 3.53% | 3.63% | -32.39% | 3.07% | 7.8% | 0.03% | 13.08% | 27.86% | 12.85% | 2.04% | 3.83% | 2.79% | 12.02% | 18.39% | 41.75% | -0.33% | 11.79% | 3.94% | 31% | 1.07% | 9.38% | 19% | 8.04% |
| Operating Expenses | 1.11B | 1.1B | 1.08B | 1.08B | 1.04B | 1.03B | 911.72M | 979.8M | 965.24M | 937.01M | 868.13M | 1.29B | 1.23B | 1.14B | 1.13B | 986.87M | 810.92M | 735.45M | 520.36M | 706.05M | 609.79M | 539.58M | 463.02M | 334.55M | 323.8M | 285.52M | 275.53M | 209.29M | 217.5M | 195.7M | 167.2M |
| OpEx % of Revenue | - | 45.21% | 46.44% | 46.55% | 43.7% | 42.68% | 51.03% | 44.6% | 44.1% | 44.04% | 42.96% | 42.76% | 43.12% | 43.26% | 43.33% | 43.06% | 45.31% | 46.71% | 33.54% | 47% | 41.75% | 42.03% | 41.61% | 39.95% | 39.09% | 38.27% | 40.51% | 37.84% | 39.56% | 36.5% | 36.25% |
| Selling, General & Admin | 852.43M | 1.1B | 1.08B | 1.08B | 1.04B | 1.03B | 813.77M | 966.42M | 962.08M | 929.24M | 876.16M | 1.28B | 1.23B | 1.13B | 1.11B | 984.19M | 802.36M | 722.09M | 716.93M | 696.35M | 608.68M | 537.33M | 461.8M | 332.69M | 320.99M | 280.71M | 258.89M | 209.29M | 207.8M | 186.8M | 159.5M |
| SG&A % of Revenue | - | 45.21% | 46.44% | 46.55% | 43.7% | 42.68% | 45.55% | 43.99% | 43.96% | 43.68% | 43.36% | 42.5% | 43.04% | 43.21% | 42.68% | 42.94% | 44.83% | 45.87% | 46.21% | 46.36% | 41.68% | 41.85% | 41.5% | 39.73% | 38.75% | 37.62% | 38.06% | 37.84% | 37.8% | 34.84% | 34.58% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 97.94M | 13.37M | 3.16M | 7.77M | -8.03M | 7.89M | 2.28M | 1.34M | 17.04M | 2.68M | 8.57M | 13.36M | -196.57M | 9.7M | 1.1M | 2.25M | 1.22M | 1.85M | 2.81M | 4.8M | 16.63M | 0 | 9.7M | 8.9M | 7.7M |
| Operating Income | 27.75M | 25.38M | 17.16M | 16.78M | 94.1M | 147.51M | -107.25M | 83.32M | 81.82M | 74.37M | 107.79M | 151.25M | 167.27M | 163.44M | 169.86M | 161.49M | 87.23M | 60.42M | 259.63M | 45.16M | 121.05M | 112.83M | 88.06M | 54.23M | 66.28M | 63.43M | 60.19M | 46.97M | 36.05M | 36.11M | 27.6M |
| Operating Margin % | 1.13% | 1.04% | 0.74% | 0.72% | 3.95% | 6.09% | -6% | 3.79% | 3.74% | 3.5% | 5.33% | 5% | 5.85% | 6.23% | 6.52% | 7.05% | 4.87% | 3.84% | 16.73% | 3.01% | 8.29% | 8.79% | 7.91% | 6.48% | 8% | 8.5% | 8.85% | 8.49% | 6.56% | 6.73% | 5.98% |
| Operating Income Growth % | - | 47.91% | 2.26% | -82.17% | -36.21% | 237.54% | -228.72% | 1.83% | 10.01% | -31% | -28.73% | -9.57% | 2.34% | -3.78% | 5.19% | 85.13% | 44.36% | -76.73% | 474.89% | -62.69% | 7.28% | 28.12% | 62.39% | -18.18% | 4.49% | 5.38% | 28.14% | 30.3% | -0.16% | 30.82% | 50.82% |
| EBITDA | 80.93M | 78.71M | 69.62M | 66.22M | 136.91M | 190.48M | -60.75M | 132.89M | 158.76M | 152.7M | 183.56M | 230.26M | 241.59M | 230.57M | 233.56M | 215.22M | 134.97M | 107.88M | 306.38M | 90.28M | 161.35M | 147.45M | 119.33M | 78.84M | 88.07M | 79.67M | 73.39M | 57.48M | 45.75M | 45.01M | 35.3M |
| EBITDA Margin % | 3.3% | 3.23% | 2.99% | 2.85% | 5.74% | 7.86% | -3.4% | 6.05% | 7.25% | 7.18% | 9.08% | 7.62% | 8.45% | 8.78% | 8.97% | 9.39% | 7.54% | 6.85% | 19.75% | 6.01% | 11.05% | 11.48% | 10.72% | 9.41% | 10.63% | 10.68% | 10.79% | 10.39% | 8.32% | 8.4% | 7.65% |
| EBITDA Growth % | -38.06% | 13.05% | 5.14% | -51.63% | -28.12% | 413.55% | -145.71% | -16.29% | 3.97% | -16.81% | -20.28% | -4.69% | 4.78% | -1.28% | 8.52% | 59.46% | 25.1% | -64.79% | 239.39% | -44.05% | 9.43% | 23.56% | 51.36% | -10.48% | 10.54% | 8.56% | 27.67% | 25.65% | 1.65% | 27.5% | 37.35% |
| D&A (Non-Cash Add-back) | 53.18M | 53.33M | 52.46M | 49.44M | 42.82M | 42.97M | 46.5M | 49.57M | 76.94M | 78.33M | 75.77M | 79.01M | 74.33M | 67.14M | 63.7M | 53.74M | 47.74M | 47.46M | 46.76M | 45.11M | 40.31M | 34.62M | 31.27M | 24.61M | 21.79M | 16.24M | 13.2M | 10.51M | 9.7M | 8.9M | 7.7M |
| EBIT | 30.1M | 17.39M | 14.26M | -13.6M | 93.29M | 155.44M | -106.58M | 83.71M | 81.6M | 74.41M | 118.05M | 155.95M | 160.33M | 163.5M | 169.96M | 161.55M | 87.24M | 54.92M | 259.95M | 54.86M | 122.15M | 115.08M | 89.28M | 56.08M | 69.09M | 68.23M | 63.62M | 46.97M | 36.05M | 36.11M | 27.6M |
| Net Interest Income | -3.72M | -4.1M | -4.25M | -7.78M | -2.92M | -2.45M | -5.09M | -1.28M | -3.34M | -5.41M | -5.25M | -4.4M | -3.23M | -4.58M | -5.03M | -5.09M | -1.12M | -4.42M | -8.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 700K | 700K | 400K | 300K | 0 | 0 | 2.06M | 774K | 8K | 47K | 11K | 110K | 66K | 95K | 65K | 8K | 14K | 322K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 3.72M | 4.8M | 4.95M | 8.18M | 3.22M | 2.45M | 5.09M | 3.34M | 4.12M | 5.42M | 5.29M | 4.41M | 3.34M | 4.64M | 5.13M | 5.16M | 1.13M | 4.43M | 9.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -1.38M | -12.79M | -7.85M | -38.55M | -4.02M | 5.48M | -4.42M | -883K | -3.56M | -5.38M | 4.96M | 282K | -10.28M | -4.58M | -5.03M | -5.09M | -1.12M | -9.93M | -8.91M | -12.43M | -9.93M | -10.36M | -10.96M | -9.87M | -7.87M | -7.56M | -7.2M | -5.99M | -4.95M | 0 | -17.4M |
| Pretax Income | 26.38M | 12.59M | 9.31M | -21.77M | 90.07M | 152.99M | -111.67M | 82.44M | 78.26M | 68.99M | 112.76M | 151.53M | 156.99M | 158.86M | 164.83M | 156.39M | 86.11M | 50.49M | 250.71M | 32.73M | 111.12M | 102.47M | 77.1M | 44.36M | 58.41M | 55.86M | 52.99M | 40.98M | 31.1M | 36.11M | 10.2M |
| Pretax Margin % | 1.08% | 0.52% | 0.4% | -0.94% | 3.78% | 6.32% | -6.25% | 3.75% | 3.58% | 3.24% | 5.58% | 5.01% | 5.49% | 6.05% | 6.33% | 6.82% | 4.81% | 3.21% | 16.16% | 2.18% | 7.61% | 7.98% | 6.93% | 5.3% | 7.05% | 7.49% | 7.79% | 7.41% | 5.66% | 6.73% | 2.21% |
| Income Tax | 6.69M | -685K | 28.82M | 1.85M | 17.83M | 38.04M | -55.64M | 20.68M | 27.04M | 32.28M | 39.88M | 56.15M | 57.62M | 65.88M | 51.94M | 62.94M | 30.86M | 21.4M | 94.5M | 24.25M | 42.87M | 39.84M | 28.64M | 15.34M | 22.22M | 17.54M | 20.16M | 15.65M | -23.8M | 0 | -400K |
| Effective Tax Rate % | 25.38% | -5.44% | 309.63% | -8.51% | 19.8% | 24.87% | 49.83% | 25.08% | 34.55% | 46.79% | 35.36% | 37.06% | 36.7% | 41.47% | 31.51% | 40.25% | 35.84% | 42.39% | 37.69% | 74.07% | 38.58% | 38.88% | 37.15% | 34.57% | 38.04% | 31.4% | 38.04% | 38.18% | -76.53% | 0% | -3.92% |
| Net Income | 19.68M | 13.27M | -18.89M | -16.83M | 71.92M | 114.85M | -56.43M | 61.38M | -51.93M | -111.84M | 97.43M | 94.57M | 97.72M | 92.65M | 112.44M | 92.43M | 53.91M | 28.81M | 150.76M | 6.88M | 67.65M | 62.69M | 48.25M | 28.14M | 36.03M | 37.07M | 29.61M | 25.92M | 53.2M | 8.6M | 10.4M |
| Net Margin % | 0.8% | 0.54% | -0.81% | -0.72% | 3.02% | 4.74% | -3.16% | 2.79% | -2.37% | -5.26% | 4.82% | 3.13% | 3.42% | 3.53% | 4.32% | 4.03% | 3.01% | 1.83% | 9.72% | 0.46% | 4.63% | 4.88% | 4.34% | 3.36% | 4.35% | 4.97% | 4.35% | 4.69% | 9.68% | 1.6% | 2.25% |
| Net Income Growth % | -31.19% | 170.24% | -12.26% | -123.4% | -37.38% | 303.53% | -191.93% | 218.21% | 53.57% | -214.79% | 3.03% | -3.23% | 5.47% | -17.59% | 21.65% | 71.45% | 87.1% | -80.89% | 2089.63% | -89.82% | 7.91% | 29.92% | 71.48% | -21.9% | -2.81% | 25.22% | 14.21% | -51.27% | 518.6% | -17.31% | 2.97% |
| Net Income (Continuing) | 19.68M | 13.28M | -19.51M | -23.63M | 72.24M | 114.95M | -56.03M | 61.76M | 51.22M | 36.71M | 72.88M | 95.38M | 99.37M | 92.98M | 112.9M | 93.45M | 55.24M | 29.09M | 156.22M | 8.49M | 68.25M | 62.63M | 48.46M | 29.02M | 36.19M | 38.32M | 32.83M | 25.34M | 54.9M | 8.8M | 10.6M |
| Discontinued Operations | 0 | -7K | 622K | 6.8M | -327K | -97K | -401K | -373K | -103.15M | -148.55M | 24.55M | -812K | -1.65M | -329K | -462K | -1.02M | -1.34M | -273K | -5.46M | -1.6M | -601K | 60K | -211K | -888K | -165K | -1.25M | -3.23M | 587K | 500K | 0 | -200K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.53M | 1.47M | 1.63M | 1.97M | 1.93M | 1.93M | 2.25M | 2.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.89 | 1.25 | -1.80 | -1.50 | 5.66 | 7.92 | -3.94 | 3.92 | -2.66 | -5.80 | 4.83 | 4.19 | 4.12 | 3.92 | 4.60 | 3.43 | 2.24 | 1.20 | 7.93 | 0.29 | 2.59 | 2.38 | 1.91 | 1.20 | 1.46 | 1.46 | 1.21 | 1.05 | 1.83 | 0.31 | 0.39 |
| EPS Growth % | -30.24% | 169.44% | -20% | -126.5% | -28.54% | 301.02% | -200.51% | 247.37% | 54.14% | -220.08% | 15.27% | 1.7% | 5.1% | -14.78% | 34.11% | 53.13% | 86.67% | -84.87% | 2634.48% | -88.8% | 8.82% | 24.61% | 59.17% | -17.81% | 0% | 20.66% | 15.24% | -42.62% | 490.32% | -20.51% | -2.5% |
| EPS (Basic) | - | 1.28 | -1.74 | -1.50 | 5.77 | 8.11 | -3.94 | 3.95 | -2.68 | -5.82 | 4.85 | 4.21 | 4.16 | 3.98 | 4.68 | 3.52 | 2.28 | 1.20 | 7.93 | 0.30 | 2.98 | 2.74 | 2.18 | 1.28 | 1.64 | 1.65 | 1.34 | 1.15 | 2.07 | 0.33 | 0.41 |
| Diluted Shares Outstanding | 10.43M | 10.62M | 10.84M | 11.24M | 12.71M | 14.51M | 14.22M | 15.67M | 19.5M | 19.28M | 20.17M | 23M | 23.71M | 23.61M | 24.04M | 23.85M | 23.72M | 21.09M | 24.17M | 22.99M | 26.02M | 26.22M | 25.11M | 23.2M | 24.47M | 25.19M | 24.47M | 24.69M | 29.07M | 27.74M | 26.67M |
| Basic Shares Outstanding | 10.43M | 10.37M | 10.84M | 11.24M | 12.46M | 14.17M | 14.22M | 15.54M | 19.35M | 19.22M | 20.08M | 22.88M | 23.51M | 23.3M | 23.58M | 23.23M | 23.21M | 20.87M | 19.4M | 22.23M | 22.61M | 22.78M | 22M | 21.75M | 21.79M | 22.29M | 22.09M | 22.54M | 25.7M | 26.06M | 25.37M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 0.82% | 0.79% | 1.01% | 1.16% | 2.82% | - | - |
High fixed cost leverage
According to the provided financial data, Genesco's revenue growth has remained largely muted, fluctuating between a 5.3% decline and a 7.2% increase over the last ten quarters, suggesting that the company struggles to achieve consistent top-line expansion in its core mall-based retail segments.
The revenue trajectory appears highly dependent on seasonal spikes, particularly in the fourth quarter, which masks the underlying weakness in non-holiday periods. This volatility suggests that the company lacks a durable organic growth engine, leaving it vulnerable to shifts in teen discretionary spending and mall traffic patterns.
As reported in recent financial statements, Genesco maintains a gross margin of approximately 46.26%, yet the operating margin has compressed to a precarious 1.04%, indicating that the company's retail markup is insufficient to cover its extensive fixed-cost base in the current operating environment.
The persistent gap between gross and operating margins implies that the company lacks the pricing power necessary to offset rising operational expenses. Investors should monitor whether management can successfully pivot toward higher-margin proprietary offerings, as the current reliance on third-party brands leaves margins exposed to vendor-driven cost inflation.
Based on the income statement history, Genesco exhibits significant negative operating leverage, where even modest revenue growth fails to translate into positive operating income, as evidenced by the 2027Q1 operating loss of $25.5 million despite generating $487 million in quarterly revenue.
This lack of scalability suggests that the company's physical store footprint creates a high break-even threshold that is difficult to overcome during periods of soft consumer demand. The inability to deleverage SG&A costs during revenue downturns warrants further investigation into the efficiency of the current store fleet.
Analysis of the reported figures reveals that Genesco's net income is frequently impacted by non-operating items and seasonal swings, with quarterly EPS oscillating between a $2.23 loss and a $4.44 profit, highlighting the inconsistent nature of the company's bottom-line performance over the observed period.
The presence of recurring stock-based compensation, which totaled $2.8 million in 2027Q1, further complicates the assessment of true operational profitability. Investors should be cautious of relying on adjusted metrics, as they may obscure the underlying cash-generating challenges inherent in the current retail model.
While management emphasizes the social value of the Journeys store fleet, the financial data suggests a potential long-term decline in profitability, as the company's operating margin has struggled to remain positive, raising questions about the viability of its mall-centric strategy in an increasingly digital-first market.
Short-term performance improvements may be driven by temporary inventory management rather than structural competitive advantages. The risk remains that the company is merely delaying necessary store closures, which could lead to future impairment charges and further pressure on the bottom line.
Quick answers to the most common questions about buying GCO stock.
For fiscal year 2026, Genesco Inc. (GCO) reported total revenue of $2.44B. This represents a 428.1% increase compared to $461.3M in 1997.
Genesco Inc. (GCO) is profitable, generating $13.3M in net income for the fiscal year ending 2026 with a net profit margin of 0.5%.
Genesco Inc. (GCO) reported an operating income of $25.4M, resulting in an operating profit margin of 1.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Genesco Inc. (GCO) generated $1.13B in gross profit for the year, representing a gross profit margin of 46.3%. This demonstrates the company's core pricing power and production efficiency.