Johnston & Murphy

Genesco Inc. Reports Fiscal 2024 Fourth Quarter and Full Year Results

Retrieved on: 
Friday, March 8, 2024

Adjusted operating margin was 5.2% of sales in the fourth quarter of Fiscal 2024 and 7.0% in the fourth quarter last year.

Key Points: 
  • Adjusted operating margin was 5.2% of sales in the fourth quarter of Fiscal 2024 and 7.0% in the fourth quarter last year.
  • The effective tax rate for the quarter was 43.0% in Fiscal 2024 compared to 19.1% in the fourth quarter last year.
  • GAAP earnings from continuing operations were $20.3 million in the fourth quarter of Fiscal 2024 compared to $39.2 million in the fourth quarter last year.
  • Total debt at the end of the fourth quarter of Fiscal 2024 was $34.7 million compared with $44.9 million at the end of last year’s fourth quarter.

Bruno Marc Introduces the Ultimate Men's Oxford Sneakers Collection

Retrieved on: 
Tuesday, January 30, 2024

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- As Valentine's Day approaches and fashion weeks unfold, Bruno Marc, the best-selling men's fashion shoe brand on Amazon, introduces its exquisite line of Oxford sneakers, the perfect addition to any wardrobe for a chic spring fashion and date-ready appearance. Boasting a diverse range of styles, expedited shipping for timely gifting, and a seamless blend of timeless elegance with contemporary comfort, these sneakers stand out as a must-have for all occasions.

Key Points: 
  • Bruno Marc's newly launched men's mesh Oxford sneakers redefine versatility, featuring an on-trend knit upper that provides maximum flexibility and breathability.
  • Designed with meticulous attention to user experience and foot health, Bruno Marc's Oxford Sneakers redefine sophistication without compromising on comfort.
  • Customer reviews and testimonials enthusiastically speak to the quality and comfort of Bruno Marc's Oxford Sneakers.
  • Whether it's for Valentine's Day or everyday wear, Bruno Marc's Oxford Sneakers are sure to make a stylish statement.

JOHNSTON & MURPHY NAMES WOLFGANG AOR AFTER COMPETITIVE PITCH

Retrieved on: 
Thursday, January 18, 2024

PLAYA VISTA, Calif., Jan. 18, 2024 /PRNewswire/ -- American premium footwear, apparel and accessories brand, Johnston & Murphy, has chosen Wolfgang , a Stagwell (NASDAQ: STGW) company, as its new creative agency after a competitive pitch process.

Key Points: 
  • PLAYA VISTA, Calif., Jan. 18, 2024 /PRNewswire/ -- American premium footwear, apparel and accessories brand, Johnston & Murphy, has chosen Wolfgang , a Stagwell (NASDAQ: STGW) company, as its new creative agency after a competitive pitch process.
  • Wolfgang has been tasked with building a new appreciation of Johnston & Murphy as a modern lifestyle brand, positioning the company for today's world by blending the best of its heritage with a fresh perspective.
  • In choosing Wolfgang as their new AOR, team chemistry, creative excellence, and category experience played central roles in the decision-making process.
  • "Wolfgang's positive energy and strategic approach to our brand was impressive throughout the pitch process, which allowed our team to make a confident decision," says Jason Dasal, SVP, Marketing & Ecommerce, Johnston & Murphy.

Genesco Reports Comparable Sales

Retrieved on: 
Monday, January 8, 2024

Mimi E. Vaughn, Genesco board chair, president and chief executive officer, said, “Following a positive start to the holiday season, sales decelerated in the weeks approaching Christmas, as consumer shopping trends remained choppy and peak shopping days were not enough to offset the lulls in between.

Key Points: 
  • Mimi E. Vaughn, Genesco board chair, president and chief executive officer, said, “Following a positive start to the holiday season, sales decelerated in the weeks approaching Christmas, as consumer shopping trends remained choppy and peak shopping days were not enough to offset the lulls in between.
  • While consumer appetite for key items remained strong, there was less interest in boots, which are a meaningful part of our winter assortment.
  • Positively, momentum remained strong at Johnston & Murphy, helping to counter the lower-than-expected results at Journeys, and our online businesses continued to post solid gains.
  • With fourth quarter sales trending below our expectations, we now expect total year adjusted EPS to be in the range of $0.65 to $0.85 compared with our prior view for a range of $1.50-$2.00.

Genesco Inc. Reports Fiscal 2024 Third Quarter Results

Retrieved on: 
Friday, December 1, 2023

Adjusted operating margin was 1.9% of sales in the third quarter of Fiscal 2024 and 4.4% in the third quarter last year.

Key Points: 
  • Adjusted operating margin was 1.9% of sales in the third quarter of Fiscal 2024 and 4.4% in the third quarter last year.
  • The effective tax rate for the quarter was 22.5% in Fiscal 2024 compared to 18.7% in the third quarter last year.
  • The adjusted tax rate, reflecting Excluded Items, was 27.8% in Fiscal 2024 compared to 19.6% in the third quarter last year.
  • GAAP earnings from continuing operations were $6.6 million in the third quarter of Fiscal 2024 compared to $20.4 million in the third quarter last year.

Genesco Inc. Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Thursday, August 31, 2023

Adjusted operating margin was (1.9)% of sales in the second quarter of Fiscal 2024 and 1.9% in the second quarter last year.

Key Points: 
  • Adjusted operating margin was (1.9)% of sales in the second quarter of Fiscal 2024 and 1.9% in the second quarter last year.
  • The effective tax rate for the quarter was 23.1% in Fiscal 2024 compared to 11.3% in the second quarter last year.
  • GAAP loss from continuing operations was ($31.6) million in the second quarter of Fiscal 2024 compared to earnings from continuing operations of $7.7 million in the second quarter last year.
  • Total debt at the end of the second quarter of Fiscal 2024 was $131.5 million compared with $48.9 million at the end of last year’s second quarter.

Genesco Inc. Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, May 25, 2023

Adjusted operating margin was (4.7)% of sales in the first quarter of Fiscal 2024 and 1.8% in the first quarter last year.

Key Points: 
  • Adjusted operating margin was (4.7)% of sales in the first quarter of Fiscal 2024 and 1.8% in the first quarter last year.
  • The effective tax rate for the quarter was 23.7% in Fiscal 2024 compared to 36.7% in the first quarter last year.
  • The adjusted tax rate, reflecting Excluded Items, was 23.3% in Fiscal 2024 compared to 34.7% in the first quarter last year.
  • Total debt at the end of the first quarter of Fiscal 2024 was $118.2 million compared with $14.7 million at the end of last year’s first quarter.

GENESCO INC. TO PRESENT AT 2023 ICR CONFERENCE ON JANUARY 10, 2023

Retrieved on: 
Wednesday, January 4, 2023

NASHVILLE, Tenn., Jan. 3, 2023 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that its management team will present at the 2023 ICR Conference on Tuesday, January 10, 2023.

Key Points: 
  • NASHVILLE, Tenn., Jan. 3, 2023 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that its management team will present at the 2023 ICR Conference on Tuesday, January 10, 2023.
  • A webcast of the fireside chat presentation is scheduled to begin at 10:00 a.m. (Eastern time) and may be accessed through Genesco's investor relations page at www.genesco.com .
  • In addition, Genesco sells footwear at wholesale under its Johnston & Murphy brand, the licensed Levi's brand, the licensed Dockers brand, the licensed Bass brand, and other brands.
  • Genesco is committed to progress in its diversity, equity and inclusion efforts, and the Company's environmental, social and governance stewardship.

GENESCO EMPLOYEES FIT PARK AVENUE ELEMENTARY STUDENTS WITH NEW SHOES AT ANNUAL COLD FEET, WARM SHOES COMMUNITY EVENT

Retrieved on: 
Monday, December 12, 2022

NASHVILLE, Tenn., Dec. 12, 2022 /PRNewswire/ -- Christmas came early last Friday for nearly 350 Park Avenue Elementary students when Nashville-based Genesco Inc. brought its Cold Feet, Warm Shoes signature community shoe fitting to the school and spread a little holiday cheer.  As part of the event, more than 225 employee volunteers set up a mock shoe store and fit students with new shoes, socks and hats along with a few other surprises, including Tennessee Titans cheerleaders and the team's mascot, T-Rac. 

Key Points: 
  • NASHVILLE, Tenn., Dec. 12, 2022 /PRNewswire/ -- Christmas came early last Friday for nearly 350 Park Avenue Elementary students when Nashville-based Genesco Inc. brought its Cold Feet, Warm Shoes signature community shoe fitting to the school and spread a little holiday cheer.
  • Since 1989, Cold Feet, Warm Shoes recreates a real-life, in-store experience, complete with a mock shoe store and customized shoe fitting where employee volunteers measure each student's foot and fit them with a brand-new pair of shoes.
  • Students were empowered with a choice of shoes coordinated through its Journeys and Journeys Kidz stores.
  • Giving back to the community is important to us, especially through our signature Cold Feet, Warm Shoes program.

GENESCO STRENGTHENS BOARD WITH APPOINTMENT OF TWO NEW INDEPENDENT DIRECTORS MATT BILUNAS AND CAROLYN BOJANOWSKI

Retrieved on: 
Tuesday, November 22, 2022

Greg Sandfort, Genesco's Lead Independent Director, said, "We welcome Matt and Carolyn to the Genesco Board.

Key Points: 
  • Greg Sandfort, Genesco's Lead Independent Director, said, "We welcome Matt and Carolyn to the Genesco Board.
  • We are committed to our ongoing board refreshment, including maintaining a highly engaged, independent board, while ensuring we have the right mix of skills and expertise.
  • On behalf of the Board, I'd like to thank Matt and Kevin for their exemplary service, dedication and commitment to Genesco and all of our stakeholders."
  • Mimi Vaughn, Board Chair, President and Chief Executive Officer of Genesco, added, "I am delighted to welcome seasoned retail executives Matt Bilunas and Carolyn Bojanowski to our Board.