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Article Date: December 2021
Word Count: 406

Genesco Results Jump as Schuh and J&M Rebound


Net income grew 341% to $32,895,000 from $7,466,000 on revenues that were up 25% to $600,546,000 from $479,280,000 in the third quarter, boosted by a +25% blended comp against a negative 18% comp last year. Total brick-and-mortar sales gained 30%, as traffic reached the best levels since the onset of the pandemic, though it still lags pre-pandemic levels. Demand accelerated throughout the quarter, not moderating after Back-to-School per historical trends. The digital channel was up 11% over the prior year and up 79% over the FY ’20 quarter, making up 18% of retail sales.

 

Journeys’ sales were up 20% to $379.9 ... Log in to view full article.

 


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