GCO News & Events

Futures are lower this morning with investors continuing to price the macro and geopolitical shock stemming from the rapidly escalating conflict involving Iran and its implications for global energy supply along with a U.S. jobs report released for February that came in much weaker than expected. Approximately 92,000 jobs were lost in February, while the unemployment rate ticked up slightly to 4.4%.The dominant driver of markets right now is oil and energy risk. The conflict threatens shipping routes in the Persian Gulf and the Strait of Hormuz, a chokepoint for global crude flows. Oil prices have surged sharply this week, creating renewed fears that the world could face another inflation shock just as central banks were hoping inflation would moderate.Despite the geopolitical stress, markets are not collapsing outright. Equities and crypto have stabilized somewhat after an early-week selloff, suggesting investors still believe the conflict may remain geographically contained or resolved relatively quickly. However, the bond market is signaling more skepticism, with yields and inflation expectations moving in ways that suggest investors are bracing for prolonged volatility.In pre-market trading, S&P 500 futures fell 0.99%, Nasdaq futures fell 1.23% and Dow futures fell 0.95%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Genescoup 19%Marvellup 10%MarketWiseup 2%Guidewireup 2%DOWN AFTER EARNINGS -Nutex Healthdown 23%Owletdown 22%Gapdown 9%Embraerdown 2%Algonquin Powerdown 1%LOWER -Western Allianceand Jefferiesdown 7% and 5%, respectively, after Jefferies said that payments of $126.4M owed to Western Alliance Bank pursuant to a forbearance agreement will not be paid as agreed

Reports Q4 revenue $800M, consensus $791.1M. Comparable sales increased 9%, with stores up 9% and e-commerce up 8%. E-commerce sales represented 31% of retail sales compared to 30% last year. Mimi Vaughn, Genesco's Board Chair, President and CEO, said, "We are very pleased to close out Fiscal 2026 with another quarter of strong performance, highlighted by our sixth consecutive quarter of positive comparable sales growth, demonstrating the sustainability of our momentum, combined with a meaningful increase in profitability. Journeys once again led the way with double-digit comp growth on top of double digits last year, fueled by an exceptional holiday performance. Our strategic initiatives around product elevation and customer experience continue to resonate with teens, driving market share gains and positioning Journeys as the clear destination for style-led footwear. At the same time, Johnston & Murphy's comparable sales improved in each successive month, while Schuh navigated a promotional U.K. environment and exited the year with clean inventories."