Genesco Inc.'s Journeys posted strong comps, but growth is costly, driven by higher-priced athletic shoes with lower margins ...

Gross margin rose 100 basis points to 38.8%, driven by improving merchandise margin and as it gained leverage on fixed costs. Adjusted operating income jumped from $57.8 million to $70.3 million.

Shoe Carnival management is aggressively converting stores to Shoe Station, incurring significant costs. Read why I maintain ...