v3.26.1
Business Segment Information
 3 Months Ended
May 02, 2026
Segment Reporting [Abstract]  
Business Segment Information

Note 8

Business Segment Information

 

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, 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.

 

Three Months Ended May 2, 2026

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

Net sales to external customers(1)

$

285,323

 

$

90,702

 

$

81,310

 

$

29,690

 

$

487,025

 

Cost of sales

 

147,051

 

 

53,492

 

 

37,122

 

 

20,441

 

 

 

Selling and administrative expenses

 

149,827

 

 

44,197

 

 

42,681

 

 

8,087

 

 

 

Segment operating income (loss)

$

(11,555

)

$

(6,987

)

$

1,507

 

$

1,162

 

$

(15,873

)

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

9,611

 

Asset impairments and other(2)

 

 

 

 

 

 

 

 

 

(10,107

)

Operating loss

 

 

 

 

 

 

 

 

 

(15,377

)

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

237

 

Interest expense, net

 

 

 

 

 

 

 

 

 

265

 

Loss from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

(15,879

)

 

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 81% and 19%, respectively, of our net sales in the first quarter of Fiscal 2027.

(2) Asset impairments and other includes a $13.4 million gain related to payment card interchange fee litigation, partially offset by a $3.0 million charge for store restructuring, including $2.9 million in Journeys Group and $0.1 million in Schuh Group, a $0.2 million charge for costs associated with information technology transformation and a $0.1 million charge for severance.

 

 

Three Months Ended May 2, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Reportable Segment Total

 

Corporate
& Other

 

Consolidated

 

Total assets at quarter end(1)

$

772,015

 

$

221,597

 

$

203,998

 

$

50,457

 

$

1,248,067

 

$

135,962

 

$

1,384,029

 

Depreciation and amortization

 

7,960

 

 

2,012

 

 

1,990

 

 

349

 

 

12,311

 

 

936

 

 

13,247

 

Capital expenditures

 

9,871

 

 

2,710

 

 

2,759

 

 

27

 

 

15,367

 

 

49

 

 

15,416

 

 

(1) Of our $725.4 million of long-lived assets as of May 2, 2026, $87.8 million and $14.5 million relate to long-lived assets in the U.K. and Canada, respectively.

 

 

 

 

 

 

 

 

 

Note 8

Business Segment Information, Continued

 

 

Three Months Ended May 3, 2025

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

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

 

 

 

Selling and administrative expenses

 

148,402

 

 

44,308

 

 

40,637

 

 

8,050

 

 

 

Segment operating income (loss)

$

(15,283

)

$

(6,131

)

$

500

 

$

698

 

$

(20,216

)

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

7,638

 

Asset impairments and other(2)

 

 

 

 

 

 

 

 

 

291

 

Operating loss

 

 

 

 

 

 

 

 

 

(28,145

)

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

180

 

Interest expense, net

 

 

 

 

 

 

 

 

 

1,339

 

Loss from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

(29,664

)

 

(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 for the first quarter of Fiscal 2026.

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

 

Three Months Ended May 3, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Reportable Segment Total

 

Corporate
& Other

 

Consolidated

 

Total assets at quarter end(1)

$

721,610

 

$

224,530

 

$

184,944

 

$

66,269

 

$

1,197,353

 

$

207,238

 

$

1,404,591

 

Depreciation and amortization

 

8,249

 

 

1,924

 

 

1,788

 

 

342

 

 

12,303

 

 

1,090

 

 

13,393

 

Capital expenditures

 

10,405

 

 

3,629

 

 

4,641

 

 

76

 

 

18,751

 

 

147

 

 

18,898

 

 

(1) Of our $709.0 million of long-lived assets as of May 3, 2025, $99.1 million and $14.1 million relate to long-lived assets in the U.K. and Canada, respectively.