Journeys’ parent Genesco is maintaining its view on its FY24 outlook despite some Q2 improvement within the teen footwear business that reported results ahead of expectations for the period. Overall, Genesco reported a Q2 loss of $31,665,000 against a profit of $7,643,000 as companywide revenues fell by 2% to $523,027,000 from $535,332,000. Gross margin improved by 20 basis points to 47.7% from 47.5%.

Journeys swung to a $14.9 million operating loss against a profit of $9.2 million on an 11% decline in revenues to $287.3 million. The Q2 results were impacted by ... Log in to view full article.