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 swung to $3.5 million, or $0.32 per share, from a $18.5 million loss a year ago, driven by $21.8 million in tariff refunds and a 560-basis-point gross margin jump to 51.4%.

  MD&A: Results verify on EDGAR →
• high

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

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

  Pretax results included $8.9 million in asset impairment and other charges, including a $6.9 million proxy contest cost, a new expense signaling an active shareholder dispute.

  MD&A: Pretax earnings verify on EDGAR →