Genesco swings to Q2 profit on $21.8M tariff refunds; sales slip 3%

Filed September 10, 2026 · Period ending August 1, 2026 · Compared to 10-Q Sep 11, 2025 · ~1 min read

Key Changes

• high

  Net income was $3.5 million, or $0.32 per diluted share, versus a net loss of $18.5 million, or $1.79 per share, a year earlier.

  MD&A: Net earnings verify on EDGAR →
• high

  Gross margin jumped 560 basis points to 51.4% of driven by $21.8 million in tariff refunds and less promotional activity.

  MD&A: Gross margin verify on EDGAR →
• high

  Net sales fell 3.0% to $529.9 million, reflecting store closings, license exits, and lower e-commerce sales.

  MD&A: Net sales verify on EDGAR →