Genesco Raises FY27 Adjusted EPS Guidance on Strong Sales

Genesco Inc. (NYSE: GCO) on May 29, 2026, raised its fiscal 2027 adjusted earnings per share forecast, driven by stronger-than-expected sales at its Journeys and Schuh chains. The footwear retailer now expects full-year adjusted EPS above its prior range, signaling confidence in its turnaround strategy. The company reported preliminary first-quarter results that exceeded internal targets, with comparable-store sales turning positive. Genesco’s CEO attributed the improved outlook to successful product assortment adjustments and disciplined inventory management, even as the broader retail environment remains challenging. Shares of Genesco moved slightly higher in premarket trading following the announcement. The company plans to release complete quarterly financial results on June 10, 2026.