Genesco Inc. (GCO)

Genesco's stock experienced a significant decline but recently saw positive movement after an impressive holiday season. The company reported a 9% increase in comparable sales, leading to an upward revision of its fiscal 2026 adjusted EPS outlook. Prior to this, Genesco reported its third-quarter fiscal 2026 results, where net sales increased 3% and comparable sales rose 3%.

Genesco's operations are seasonal, with the third and fourth fiscal quarters benefiting from increased demand due to back-to-school and holiday shopping. The second quarter is historically weaker. Extreme or unseasonable weather can impact demand, and consumer demand is increasingly volatile.

Genesco, Inc. is a specialty footwear-focused retailer and wholesaler of branded footwear, apparel, and accessories based in Nashville, Tennessee. It operates within the Retail Trade sector, managing brands like Journeys and Johnston & Murphy, and wholesales footwear under licensed brands. The company employs an omnichannel strategy.

Genesco operates over 1,240 to 1,278 retail stores and e-commerce websites in the United States, Canada, the United Kingdom, and the Republic of Ireland.

Genesco is committed to corporate responsibility, focusing on sustainability, community engagement, and responsible business practices. The company focuses on reducing greenhouse gas emissions, lowering non-renewable energy consumption, decreasing water use, minimizing packaging materials and waste, and diverting waste from landfills. Genesco has also been a member of the Leather Working Group (LWG) since 2021.

Genesco Inc. has a mixed ownership structure, with institutional investors holding approximately 52.75% to 68.97% of the company's stock, and insiders owning around 18.43%. Major institutional shareholders include Pzena Investment Management Llc, Fund 1 Investments, LLC, BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, Acadian Asset Management Llc, Nomura Holdings Inc, D. E. Shaw & Co., Inc., and Charles Schwab Investment Management Inc. Pennant Capital Management LLC is identified as the largest individual Genesco shareholder.