Genesco president, chief executive officer and board chair Mimi Vaughn said on Wednesday that the company started fiscal 2026 with both sales and profitability coming in above expectations.

According to the Nashville-based footwear company, total net sales for the first quarter of fiscal 2026 increased 3.6 percent to $474 million compared to $457.6 million the same time last year.

Genesco noted in its earnings release that this sales increase reflects a 5 percent increase in comparable sales, including a 7 percent increase in e-commerce comparable sales and a 5 percent increase in same store sales, and increased wholesale sales, partially offset by the impact of net store closings.

The company further noted that overall sales increase for the first quarter was driven by an increas

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