GENESCO INC

Genesco Inc. announced the appointment of Jonathan Collins as Senior Vice President, Finance and Chief Financial Officer, effective August 3, 2026. Mr. Collins will also serve as the company's principal financial officer. Mimi E. Vaughn, who served as Interim CFO, will transition from the role. Mr. Collins brings extensive financial leadership experience from Walmart Inc. and America's Car-Mart, Inc., and his compensation package includes an annual base salary of $550,000 and target incentives totaling $1,237,500.

Genesco Inc. reported a 2.8% increase in net sales to $487.0 million for the first quarter of Fiscal 2027, driven by a 2% increase in comparable sales. Gross margin improved to 47.0% of net sales, and selling and administrative expenses decreased as a percentage of net sales. The company reported a net loss of $14.8 million, an improvement from the prior year's net loss of $21.2 million. Key highlights include a gain from litigation and an expected $23-25 million in tariff refunds.

Genesco Inc. filed a Form 10-K/A to amend its original Fiscal 2026 Form 10-K, primarily to include information required by Part III, which was omitted because the company did not file a definitive proxy statement within 120 days after the fiscal year-end. The amendment provides details on directors, executive compensation, corporate governance, and related matters. It also includes new Section 302 certifications and updates outstanding share information on the cover page, while making no other changes to the original filing's disclosures.

Genesco Inc. reported first quarter Fiscal 2027 results that exceeded expectations, with net sales increasing 3% to $487 million and comparable sales up 2%, marking the seventh consecutive quarter of positive comparable sales growth. The company announced a new cost savings program targeting $40 to $50 million in reductions by Fiscal 2029 and raised its full-year adjusted EPS outlook to a range of $2.00 to $2.40. Gross margin improved by 30 basis points, and adjusted selling and administrative expenses leveraged by 60 basis points.

Genesco Inc. announced the appointment of Ashley Randolph as Chief Accounting Officer and principal accounting officer, effective May 5, 2026. Ms. Randolph, a 20-year veteran of the company, previously served as Vice President and Corporate Controller. In her new role, she will oversee the company's accounting operations, financial controls, and SEC reporting. Mimi E. Vaughn will cease serving as principal accounting officer but will continue as Interim Chief Financial Officer.