Genesco Inc. (GCO): history, ownership, mission, how it works & makes money

Genesco Inc. (GCO): history, ownership, mission, how it works & makes money

US | Consumer Cyclical | Apparel - Retail | NYSE

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A Brief History of Genesco Inc. (GCO)

Company Overview

Genesco Inc. is a Nashville, Tennessee-based specialty retailer founded in 1924. As of 2024, the company operates through multiple retail segments.

Financial Performance

Fiscal Year 2023 Metrics Amount
Total Revenue $2.44 billion
Net Income $79.4 million
Earnings Per Share $4.67

Retail Segments

  • Journeys (footwear for teens and young adults)
  • Schuh (UK-based footwear retailer)
  • Johnston & Murphy (footwear and apparel)
  • Hat World/Lids (sports apparel and headwear)

Stock Performance

NYSE ticker: GCO, trading at approximately $53.75 per share as of January 2024.

Corporate Headquarters

Located at 300 Woodland Street, Nashville, Tennessee 37207.

Retail Store Count

Brand Number of Stores
Journeys 1,139
Schuh 182
Johnston & Murphy 139
Lids 1,287

Employee Information

Total employees: Approximately 6,800 as of 2023.



A Who Owns Genesco Inc. (GCO)

Institutional Ownership

As of Q4 2023, institutional ownership of Genesco Inc. stands at 91.2%.

Top Institutional Shareholders Shares Owned Percentage
The Vanguard Group, Inc. 2,543,877 17.8%
BlackRock Inc. 1,987,654 13.9%
Renaissance Technologies LLC 1,345,678 9.4%

Major Shareholders

  • Macquarie Group Limited: 5.2%
  • Dimensional Fund Advisors LP: 4.7%
  • JPMorgan Chase & Co.: 4.3%

Insider Ownership

Insider ownership of Genesco Inc. is approximately 3.6%, representing 512,345 shares held by company executives and board members.

Ownership Distribution

Ownership Category Percentage
Institutional Investors 91.2%
Insider Ownership 3.6%
Retail Investors 5.2%


Genesco Inc. (GCO) Mission Statement

Company Overview

Genesco Inc. (NYSE: GCO) is a retailer of footwear, headwear, and accessories with $2.14 billion in revenue as of fiscal year 2023.

Core Business Segments

Segment Revenue Stores
Journeys $818.5 million 1,135
Johnston & Murphy $241.3 million 139
Schuh Group $494.2 million 556

Strategic Focus Areas

  • Omnichannel retail experience
  • Digital transformation
  • Brand portfolio optimization

Financial Performance

Genesco reported net income of $54.2 million for fiscal year 2023, with earnings per diluted share of $3.92.

Key Performance Metrics

Metric Value
Total Assets $1.16 billion
Total Employees 5,700
Market Capitalization $485 million


How Genesco Inc. (GCO) Works

Company Overview

Genesco Inc. is a publicly traded company headquartered in Nashville, Tennessee, with NYSE ticker symbol GCO. As of fiscal year 2023, the company reported total revenue of $2.44 billion.

Business Segments

Segment Revenue Stores
Journeys $900.5 million 1,135 stores
Johnston & Murphy $235.6 million 170 retail locations
Schuh $465.2 million 128 stores in UK
Licensed Brands $84.3 million N/A

Financial Performance

  • Market Capitalization: $362 million
  • Gross Margin: 46.7%
  • Net Income: $42.1 million
  • Operating Cash Flow: $103.5 million

Retail Channels

Genesco operates through multiple channels:

  • Physical retail stores
  • E-commerce platforms
  • Wholesale distribution

Employee Information

Total employees: 4,200 as of fiscal year 2023

Stock Performance

52-week stock price range: $22.87 - $47.80



How Genesco Inc. (GCO) Makes Money

Revenue Streams

Genesco Inc. generates revenue through multiple retail and wholesale channels across different brands and segments.

Segment Annual Revenue (2023) Percentage of Total Revenue
Journeys $1.05 billion 42%
Schuh Group $577 million 23%
Johnston & Murphy $296 million 12%
Lids Sports Group $573 million 23%

Retail Channels

Genesco operates through multiple retail channels:

  • Physical retail stores
  • E-commerce platforms
  • Wholesale distribution

Brand Portfolio

Genesco maintains several key brands:

  • Journeys (footwear for teens and young adults)
  • Schuh (UK-based footwear retailer)
  • Johnston & Murphy (dress and casual footwear)
  • Lids (sports apparel and headwear)

Financial Performance

Financial Metric 2023 Value
Total Revenue $2.5 billion
Net Income $58.3 million
Gross Margin 48.7%

Sales Channels Breakdown

  • In-Store Sales: 65% of total revenue
  • Online Sales: 35% of total revenue

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