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Business Segment Information (Tables)

12 Months Ended

Feb. 03, 2024

Schedule of Business Segment Information


Fiscal 2024
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group			Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	1,363,835	$	480,164	$	339,460		$	145,224		$	—		$	2,328,683
Intercompany sales		—		—		(14	)		(4,045	)		—			(4,059	)
Net sales to external customers(1)		1,363,835		480,164		339,446			141,179			—			2,324,624
Segment operating income (loss)		11,072		21,435		16,314			(8	)		(32,033	)		16,780
Goodwill impairment(2)		—		—		—			—			28,453			28,453
Asset impairments and other(3)		—		—		—			—			1,787			1,787
Operating income (loss)		11,072		21,435		16,314			(8	)		(62,273	)		(13,460	)
Other components of net periodic benefit cost		—		—		—			—			537			537
Interest expense,net		—		—		—			—			7,777			7,777
Earnings (loss) from continuing operations before income taxes	$	11,072	$	21,435	$	16,314		$	(8	)	$	(70,587	)	$	(21,774	)
Total assets at fiscal year end(4)	$	659,150	$	200,482	$	165,217		$	59,630		$	245,411		$	1,329,890
Depreciation and amortization		32,419		6,636		5,113			984			4,289			49,441
Capital expenditures		38,093		12,183		6,785			2,214			1,028			60,303

(1)

Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 79% and 21%, respectively, of our net sales for Fiscal 2024.

(2)

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

(3)

Asset impairments and other includes $1.1 million for severance and a $1.0 million charge for asset impairments in the Journeys Group, partially offset by a $0.3 million insurance gain.

(4)

Of our $677.2 million of long-lived assets, $89.4 million and $12.3 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 16

Business Segment Information, Continued


Fiscal 2023
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	1,482,203	$	432,002	$	314,759	$	158,684		$	—		$	2,387,648
Intercompany sales		—		—		—		(2,760	)		—			(2,760	)
Net sales to external customers(1)		1,482,203		432,002		314,759		155,924			—			2,384,888
Segment operating income (loss)		94,404		17,601		14,364		(678	)		(31,595	)		94,096
Asset impairments and other(2)		—		—		—		—			855			855
Operating income (loss)		94,404		17,601		14,364		(678	)		(32,450	)		93,241
Other components of net periodic benefit cost		—		—		—		—			248			248
Interest expense, net		—		—		—		—			2,920			2,920
Earnings (loss) from continuing operations before income taxes	$	94,404	$	17,601	$	14,364	$	(678	)	$	(35,618	)	$	90,073
Total assets at fiscal year end(3)	$	732,124	$	198,813	$	194,417	$	74,526		$	256,546		$	1,456,426
Depreciation and amortization		28,107		6,134		4,352		898			3,327			42,818
Capital expenditures		27,237		10,330		8,154		1,429			12,784			59,934

(1)

Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 82% and 18%, respectively, of our net sales for Fiscal 2023.

(2)

Asset impairments and other includes a $1.6 million charge for asset impairments, of which $0.8 million is in the Journeys Group, $0.5 million is in the Johnston & Murphy Group, $0.2 million is in the Schuh Group and $0.1 million is in the Genesco Brands Group, partially offset by a $0.7 million gain on the termination of the pension plan.

(3)

Of our $704.7 million of long-lived assets, $93.3 million and $18.8 million relate to long-lived assets in the U.K. and Canada, respectively.

Note 16

Business Segment Information, Continued


Fiscal 2022
(In thousands)	Journeys Group		Schuh Group		Johnston & Murphy Group		Genesco Brands Group			Corporate & Other			Consolidated
Sales	$	1,576,475	$	423,560	$	252,855	$	170,619		$	—		$	2,423,509
Intercompany sales		—		—		—		(1,425	)		—			(1,425	)
Net sales to external customers(1)		1,576,475		423,560		252,855		169,194			—			2,422,084
Segment operating income (loss)		165,336		19,257		7,029		6,583			(50,694	)		147,511
Asset impairments and other(2)		—		—		—		—			(8,056	)		(8,056	)
Operating income (loss)		165,336		19,257		7,029		6,583			(42,638	)		155,567
Other components of net periodic benefit cost		—		—		—		—			128			128
Interest expense, net		—		—		—		—			2,448			2,448
Earnings (loss) from continuing operations before income taxes	$	165,336	$	19,257	$	7,029	$	6,583		$	(45,214	)	$	152,991
Total assets at fiscal year end(3)	$	678,680	$	207,495	$	128,187	$	67,658		$	480,079		$	1,562,099
Depreciation and amortization		28,903		6,942		4,612		1,081			1,431			42,969
Capital expenditures		22,438		3,062		4,647		1,071			22,687			53,905

(1)

Net sales in North America and in the United Kingdom, which includes the Republic of Ireland, accounted for 83% and 17%, respectively, of our net sales for Fiscal 2022.

(2)

Asset impairments and other includes an $18.1 million gain on the sale of a warehouse and a $0.6 million insurance gain, partially offset by $8.6 million for professional fees related to the actions of a shareholder activist and a $2.0 million charge for asset impairments, of which $1.0 million is in the Journeys Group, $0.8 million is in the Schuh Group and $0.2 million is in the Johnston & Murphy Group.

(3)

Of our $760.1 million of long-lived assets, $113.9 million and $26.0 million relate to long-lived assets in the U.K. and Canada, respectively.