Genesco (NYSE:GCO) reported a narrower-than-expected first quarter loss and modest revenue growth, reinforcing confidence in its full-year profit targets despite ongoing tariff pressures. The footwear retailer posted an adjusted loss of $2.05 per share for the period, improving from a $2.10 loss a year earlier.
Revenue climbed 4% year-over-year to $474 million, driven by a 5% increase in comparable sales. The Journeys brand was the standout performer, posting an 8% sales jump, while e-commerce activity rose 7% and accounted for nearly a quarter of total retail sales.
Following the upbeat quarter, Genesco reaffirmed its full-year adjusted EPS guidance of $1.30 to $1.70, factoring in expected tariff costs. It also raised its full-year sales outlook slightly, now projecting growth of 1% to 2%, up from its prior range of flat to 1%. The market reacted positively, with shares jumping over 15% intra-day today.
