v3.26.1
Business Segment Information
 6 Months Ended
Aug. 01, 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 August 1, 2026

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

Net sales to external customers(1)

$

317,836

 

$

113,820

 

$

72,541

 

$

25,661

 

$

529,858

 

Cost of sales(2)

 

164,083

 

 

66,082

 

 

19,202

 

 

8,374

 

 

 

Selling and administrative expenses

 

154,467

 

 

48,108

 

 

40,393

 

 

8,676

 

 

 

Segment operating income (loss)

$

(714

)

$

(370

)

$

12,946

 

$

8,611

 

$

20,473

 

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

7,913

 

Asset impairments and other(3)

 

 

 

 

 

 

 

 

 

8,943

 

Operating income

 

 

 

 

 

 

 

 

 

3,617

 

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

247

 

Interest, net(4)

 

 

 

 

 

 

 

 

 

(28

)

Earnings from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

3,398

 

 

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 79% and 21%, respectively, of our net sales in the second quarter of Fiscal 2027.

(2) Includes a $13.3 million gain for the refund of tariffs in Johnston & Murphy Group and an $8.5 million gain for the refund of tariffs in the Genesco Brands Group in the second quarter of Fiscal 2027.

(3) Asset impairments and other includes a $6.9 million charge for costs related to proxy contest, a $1.0 million charge for other legal matters, a $0.4 million charge for costs associated with information technology transformation, a $0.5 million charge for severance and other restructuring and $0.1 million for store restructuring in Journeys Group.

(4) Includes $0.7 million of interest income related to tariff refunds in the second quarter of Fiscal 2027.

 

Note 8

Business Segment Information, Continued

 

Three Months Ended August 1, 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)

$

855,148

 

$

219,213

 

$

211,390

 

$

52,127

 

$

1,337,878

 

$

166,355

 

$

1,504,233

 

Depreciation and amortization

 

7,836

 

 

2,059

 

 

2,010

 

 

345

 

 

12,250

 

 

933

 

 

13,183

 

Capital expenditures

 

10,799

 

 

2,636

 

 

2,819

 

 

17

 

 

16,271

 

 

56

 

 

16,327

 

 

(1) Of our $766.1 million of long-lived assets as of August 1, 2026, $91.5 million and $19.0 million relate to long-lived assets in the U.K. and Canada, respectively.

 

 

Three Months Ended August 2, 2025

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

Net sales to external customers(1)

$

318,189

 

$

126,595

 

$

68,789

 

$

32,392

 

$

545,965

 

Cost of sales

 

162,761

 

 

77,412

 

 

31,631

 

 

24,212

 

 

 

Selling and administrative expenses

 

160,427

 

 

49,194

 

 

38,940

 

 

7,527

 

 

 

Segment operating income (loss)

$

(4,999

)

$

(11

)

$

(1,782

)

$

653

 

$

(6,139

)

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

8,177

 

Asset impairments and other(2)

 

 

 

 

 

 

 

 

 

124

 

Operating loss

 

 

 

 

 

 

 

 

 

(14,440

)

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

148

 

Interest, net

 

 

 

 

 

 

 

 

 

1,459

 

Loss from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

(16,047

)

 

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 77% and 23%, respectively, of our net sales for the second quarter of Fiscal 2026.

(2) Asset impairments and other includes a $0.1 million charge for severance.

 

Three Months Ended August 2, 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)

$

766,666

 

$

220,416

 

$

196,781

 

$

69,603

 

$

1,253,466

 

$

168,459

 

$

1,421,925

 

Depreciation and amortization

 

8,334

 

 

2,129

 

 

1,692

 

 

346

 

 

12,501

 

 

973

 

 

13,474

 

Capital expenditures

 

7,697

 

 

2,345

 

 

4,367

 

 

64

 

 

14,473

 

 

209

 

 

14,682

 

 

(1) Of our $713.8 million of long-lived assets as of August 2, 2025, $95.3 million and $16.1 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 8

Business Segment Information, Continued

 

Six Months Ended August 1, 2026

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

Net sales to external customers(1)

$

603,159

 

$

204,522

 

$

153,851

 

$

55,351

 

$

1,016,883

 

Cost of sales(2)

 

311,134

 

 

119,574

 

 

56,324

 

 

28,815

 

 

 

Selling and administrative expenses

 

304,294

 

 

92,305

 

 

83,074

 

 

16,763

 

 

 

Segment operating income (loss)

$

(12,269

)

$

(7,357

)

$

14,453

 

$

9,773

 

$

4,600

 

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

17,524

 

Asset impairments and other(3)

 

 

 

 

 

 

 

 

 

(1,164

)

Operating loss

 

 

 

 

 

 

 

 

 

(11,760

)

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

484

 

Interest, net(4)

 

 

 

 

 

 

 

 

 

237

 

Loss from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

(12,481

)

 

(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 six months of Fiscal 2027.

(2) Includes a $13.3 million gain for the refund of tariffs in Johnston & Murphy Group and an $8.5 million gain for the refund of tariffs in the Genesco Brands Group for the first six months of Fiscal 2027.

(3) Asset impairments and other includes a $13.4 million gain related to payment card interchange fee litigation, partially offset by a $6.9 million charge for costs related to proxy contest, a $3.1 million charge for store restructuring, including $3.0 million in Journeys Group and $0.1 million in Schuh Group, a $1.0 million charge for other legal matters, a $0.6 million charge for costs associated with information technology transformation and a $0.6 million charge for severance and other restructuring.

(4) Includes $0.7 million of interest income related to tariff refunds in the first six months of Fiscal 2027.

 

Six Months Ended August 1, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Reportable Segment Total

 

Corporate
& Other

 

Consolidated

 

Depreciation and amortization

 

15,796

 

 

4,071

 

 

4,000

 

 

694

 

 

24,561

 

 

1,869

 

 

26,430

 

Capital expenditures

 

20,670

 

 

5,346

 

 

5,578

 

 

44

 

 

31,638

 

 

105

 

 

31,743

 

 

Note 8

Business Segment Information, Continued

 

Six Months Ended August 2, 2025

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Consolidated

 

Net sales to external customers(1)

$

590,823

 

$

222,510

 

$

145,628

 

$

60,977

 

$

1,019,938

 

Cost of sales

 

302,276

 

 

135,150

 

 

67,333

 

 

44,049

 

 

 

Selling and administrative expenses

 

308,829

 

 

93,502

 

 

79,577

 

 

15,577

 

 

 

Segment operating income (loss)

$

(20,282

)

$

(6,142

)

$

(1,282

)

$

1,351

 

$

(26,355

)

Unallocated selling and administrative expenses

 

 

 

 

 

 

 

 

 

15,815

 

Asset impairments and other(2)

 

 

 

 

 

 

 

 

 

415

 

Operating loss

 

 

 

 

 

 

 

 

 

(42,585

)

Other components of net periodic benefit cost

 

 

 

 

 

 

 

 

 

328

 

Interest, net

 

 

 

 

 

 

 

 

 

2,798

 

Loss from continuing operations before income taxes

 

 

 

 

 

 

 

 

$

(45,711

)

 

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 78% and 22%, respectively, of our net sales for the first six months of Fiscal 2026.

(2) Asset impairments and other includes a $0.4 million charge for severance.

 

Six Months Ended August 2, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Journeys
Group

 

Schuh
Group

 

Johnston
& Murphy
Group

 

Genesco Brands Group

 

Reportable Segment Total

 

Corporate
& Other

 

Consolidated

 

Depreciation and amortization

 

16,583

 

 

4,053

 

 

3,480

 

 

688

 

 

24,804

 

 

2,063

 

 

26,867

 

Capital expenditures

 

18,102

 

 

5,974

 

 

9,008

 

 

140

 

 

33,224

 

 

356

 

 

33,580