Genesco Inc. (NYSE:GCO) Q2 2025 Earnings Conference Call September 6, 2024 8:30 AM ET

Company Participants

Darryl MacQuarrie - Senior Director of FP&A
Mimi Vaughn - Board Chair, President & CEO
Tom George - CFO

Conference Call Participants

Mitch Kummetz - Seaport Research
Mantero Moreno-Cheek - Jefferies

Operator

Good day everyone and welcome to the Genesco Second Quarter Fiscal 2025 Conference Call. Just a reminder, today's call is being recorded. I'll now turn the call over to Darryl MacQuarrie, Senior Director of FP&A. Please go ahead, sir.

Darryl MacQuarrie

Good morning, everyone and thank you for joining us to discuss our Second Quarter Fiscal 2025 Results. Participants on the call expect to make forward-looking statements reflecting our expectations as of today, but actual results could be different. Genesco refers you to this morning's earnings release and the company's SEC filings, including its most recent 10-K and 10-Q filings, for some of the factors that could cause differences from the expectations reflected in the forward-looking statements made today.

Participants also expect to refer to certain adjusted financial measures during the call. All non-GAAP financial measures are reconciled to their GAAP counterparts in the attachments to this morning's press release and in schedules available on the company's website in the quarterly results section. We have also posted a presentation summarizing our results here as well. With me on the call today is Mimi Vaughn, Board Chair, President and Chief Executive Officer and Tom George, Chief Financial Officer.

Now I'd like to turn the call over to Mimi.

Mimi Vaughn

Thanks, Darryl. Good morning, everyone, and thank you for joining us. I'll start today with a review of the key drivers of our second quarter performance, and provide an update on the strategic initiatives to drive growth at Journeys and elsewhere in our company. Tom will review the financials in more detail and walk through our current outlook, and then we'll be happy to take questions. We were pleased in the second quarter to once again deliver top and bottom-line results ahead of our expectations.

Sales exceeded the levels we anticipated led by journeys more than offsetting some pressure as Schuh and Johnston & Murphy, which continue to face robust multi-year comparisons. Our digital business was a standout of high single-digits, and our ongoing plan to optimize the store footprint and reduce costs contributed to the bottom-line as well, allowing us to leverage expenses in what is one of our lower volume quarters.