June 22, 2018 9:37 PM ET

Specialty Retail

Company Overview of Journeys

Company Overview

Journeys retails apparel, accessories, and footwear for men, women, and kids. The company offers jackets and hoodies, belts, hats, socks, shirts, watches, backpacks and bags, handbags, music and phone accessories, wallets, uniforms, gift cards, and pajamas; and slippers, boots, sandals, heels, flats, and wedges, as well as athletic, skate, casual, canvas, uniform, and eco-friendly shoes. It serves customers via online. The company is based in Nashville, Tennessee with stores in Puerto Rico and Canada. Journeys operates as a subsidiary of Genesco Inc.

Genesco Park

1415 Murfreesboro Road

Suite 648

Nashville, TN 37217

United States

Phone:

615-367-7000

Fax:

615-469-6153

Key Executives for Journeys

Journeys does not have any Key Executives recorded.

Journeys Key Developments

Journeys Group Reports Earnings Results for the Fourth Quarter and Year Ended February 3, 2018; Provides Comparable Sales Guidance for the First, Second, Third and Fourth Quarter and Full Year of 2019

Journeys group reported earnings results for the fourth quarter and year ended February 3, 2018. For the quarter, the company reported sales of $452,882,000 against $391,132,000 a year ago. Operating income was $46,533,000 against $36,118,000 a year ago. Adjusted operating income was $46,533,000 against $36,118,000 a year ago. For the year, the company reported sales of $1,329,460,000 against $1,251,646,000 a year ago. Operating income was $76,094,000 against $85,875,000 a year ago. Adjusted operating income was $76,382,000 against $85,875,000 a year ago. The company provided comparable sales guidance for the first, second, third and fourth quarter and full year of 2019. For the first quarter, the company expects comparable sales of 3% to 4%. For the second quarter, the company expects comparable sales of 3% to 4%. For the third quarter, the company expects comparable sales of 2% to 3%. For the fourth quarter, the company expects comparable sales of 0% to 1%. For the year, the company expects comparable sales of 2% to 3%.

The Journeys Group Announces the Retirement of James C. Estepa as Chief Executive Officer, Effective February 1, 2018

Genesco Inc. announced that James C. Estepa, Chief Executive Officer of The Journeys Group and a Senior Vice President of Genesco, has announced his intention to retire from his current position effective February 1, 2018. He will remain employed by Genesco as Chairman Emeritus of the Journeys Group, assisting with the transition of his duties, until June 30, 2018.

Journeys Group Reports Earnings Results for the Second Quarter and Six Months Ended July 29, 2017; Provides Sales Guidance for the Fourth Quarter and Fiscal Year 2018

Journeys Group reported earnings results for the second quarter and six months ended July 29, 2017. For the quarter, the company reported sales of $258,953,000 compared to $252,134,000 for the same period a year ago. Operating loss was $2,194,000 compared to operating income of $4,481,000 a year ago. Adjusted operating loss was $1,906,000 compared to adjusted operating income of $4,481,000 a year ago. Same store and comparable direct sales were increased 1% compared to a decrease of 4% a year ago. For the six months, the company reported sales of $543,072,000 compared to $546,355,000 for the same period a year ago. Operating income was $5,278,000 compared to operating income of $24,101,000 a year ago. Adjusted operating income was $5,566,000 compared to adjusted operating income of $24,101,000 a year ago. The company provided sales guidance for the fourth quarter and fiscal year 2018. For the quarter, the company expects same store sales and comparable direct sales of 2% to 3%. For the fiscal year, the company expects same store sales and comparable direct sales of 0% to 1%.

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