Genesco Inc. reported an adjusted fiscal 2027 second-quarter loss of 83 cents per share, narrower than the $1.37 analyst consensus and the year-ago loss of $1.14. Sales declined 3% to $529.858 million but exceeded the $527.260 million estimate, while comparable sales (sales versus the comparable prior-year period) fell 1%. Journeys and Johnston & Murphy posted positive comparable sales, offset by a decline at Schuh. Gross margin improved as discounting eased and full-price selling strengthened, helping reduce the adjusted operating loss. Genesco maintained adjusted earnings guidance of $2 to $2.40 per share but expects the high end, cut its sales outlook to about $2.387 billion and raised its GAAP forecast to $2.96 to $3.39 per share. The company also reported $22.5 million in tariff refunds, lower debt and a cost-reduction program targeting $40 million to $50 million in savings through fiscal 2029. Shares rose 3.04% to $34.54 in premarket trading.