Business Segment Information

9 Months Ended

Oct. 28, 2023

Segment Reporting [Abstract]

Business Segment Information

Note 9

Business Segment Information

Three Months Ended October 28, 2023
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group			Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	349,367	$	118,129	$	81,414		$	32,907		$	—		$	581,817
Intercompany sales		—		—		(3	)		(2,499	)		—			(2,502	)
Net sales to external customers(1)		349,367		118,129		81,411			30,408			—			579,315
Segment operating income (loss)		11,975		5,484		2,706			(1,560	)		(7,654	)		10,951
Asset impairments and other(2)		—		—		—			—			99			99
Operating income (loss)		11,975		5,484		2,706			(1,560	)		(7,753	)		10,852
Other components of net periodic benefit cost		—		—		—			—			148			148
Interest expense, net		—		—		—			—			2,207			2,207
Earnings (loss) from continuing operations before income taxes	$	11,975	$	5,484	$	2,706		$	(1,560	)	$	(10,108	)	$	8,497
Total assets (3)	$	798,968	$	213,036	$	185,179		$	52,170		$	243,578		$	1,492,931
Depreciation and amortization		8,078		1,566		1,365			265			1,056			12,330
Capital expenditures		8,235		3,380		1,975			710			140			14,440

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 80% and 20%, respectively, of our net sales in the third quarter of Fiscal 2024.

(2) Asset impairments and other includes a $0.1 million charge for asset impairments in Journeys Group.

(3) Of our $704.5 million of long-lived assets, $87.9 million and $12.9 million relate to long-lived assets in the U.K. and Canada, respectively.

Three Months Ended October 29, 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	380,619	$	104,809	$	79,614	$	40,661		$	—		$	605,703
Intercompany sales		—		—		—		(1,915	)		—			(1,915	)
Net sales to external customers(1)		380,619		104,809		79,614		38,746			—			603,788
Operating income (loss)		27,083		5,912		3,494		(1,927	)		(8,489	)		26,073
Other components of net periodic benefit cost		—		—		—		—			50			50
Interest expense, net		—		—		—		—			906			906
Earnings (loss) from continuing operations before income taxes	$	27,083	$	5,912	$	3,494	$	(1,927	)	$	(9,445	)	$	25,117
Total assets (2)	$	841,021	$	206,996	$	193,039	$	72,586		$	223,351		$	1,536,993
Depreciation and amortization		6,849		1,485		1,092		214			1,032			10,672
Capital expenditures		4,638		2,405		1,719		370			1,708			10,840

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 83% and 17%, respectively, of our net sales for the third quarter of Fiscal 2023.

(2) Of our $704.6 million of long-lived assets, $89.3 million and $18.5 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 9

Business Segment Information, Continued

Nine Months Ended October 28, 2023
(In thousands)	Journeys Group			Schuh Group		Johnston & Murphy Group			Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	908,832		$	334,033	$	241,832		$	104,232		$	—		$	1,588,929
Intercompany sales		—			—		(9	)		(3,246	)		—			(3,255	)
Net sales to external customers(1)		908,832			334,033		241,823			100,986			—			1,585,674
Segment operating income (loss)		(21,265	)		12,110		10,178			259			(23,020	)		(21,738	)
Goodwill impairment(2)		-			-		-			-			28,453			28,453
Asset impairments and other(3)		—			—		—			—			581			581
Operating income (loss)		(21,265	)		12,110		10,178			259			(52,054	)		(50,772	)
Other components of net periodic benefit cost		—			—		—			—			388			388
Interest expense, net		—			—		—			—			6,241			6,241
Earnings (loss) from continuing    operations before income taxes	$	(21,265	)	$	12,110	$	10,178		$	259		$	(58,683	)	$	(57,401	)
Depreciation and amortization	$	23,235		$	4,751	$	3,622		$	669		$	3,172		$	35,449
Capital expenditures		32,447			9,376		5,277			1,788			850			49,738

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 79% and 21%, respectively, of our net sales in the first nine months of Fiscal 2024.

(2) Goodwill impairment of $28.5 million is related to Genesco Brands Group.

(3) Asset impairments and other includes a $0.6 million charge for asset impairments in Journeys Group.

Nine Months Ended October 29, 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	1,016,396	$	294,486	$	225,448	$	126,442		$	—		$	1,662,772
Intercompany sales		—		—		—		(2,904	)		—			(2,904	)
Net sales to external customers(1)		1,016,396		294,486		225,448		123,538			—		$	1,659,868
Segment operating income (loss)		51,235		5,260		7,256		2,551			(23,055	)	$	43,247
Asset impairments and other(2)		—		—		—		—			(154	)		(154	)
Operating income (loss)		51,235		5,260		7,256		2,551			(22,901	)		43,401
Other components of net periodic benefit cost		—		—		—		—			198			198
Interest expense		—		—		—		—			1,608			1,608
Earnings (loss) from continuing    operations before income taxes	$	51,235	$	5,260	$	7,256	$	2,551		$	(24,707	)	$	41,595
Depreciation and amortization	$	21,060	$	4,607	$	3,271	$	692		$	2,271		$	31,901
Capital expenditures		15,539		6,278		5,528		1,033			11,467			39,845

(1) Net sales in North America and in the U.K., which includes the ROI, accounted for 82% and 18%, respectively, of our net sales for the first nine months of Fiscal 2023.

(2) Asset impairments and other includes a $0.5 million charge for asset impairments, which includes $0.2 million in Journeys Group, $0.2 million in Schuh Group and $0.1 million in Genesco Brands Group, partially offset by a $0.7 million gain on the termination of the pension plan.