Recent News
On September 30, 2025 the company announced creation of a Journeys Global Retail Group to unite Journeys, schuh and Little Burgundy under a single leadership structure to sharpen consumer targeting and merchant impact.
On October 21, 2025 analysts compiled a consensus rating indicating a moderate-buy mix of opinions, with a $30 average 12‑month target among recent coverage.
Technical Analysis
Directional indicators show ADX at 16.97, indicating no established trend, while DI+ sits at 23.70 and increases and DI- at 26.16 and decreases — both DI moves imply bullish directional pressure even though trend strength remains weak. The lack of ADX strength suggests upside momentum could stall without follow-through volume.
MACD reads -0.02 and has been increasing while the signal line sits at -0.24; MACD has crossed above its signal line, a bullish momentum signal that supports near-term upside potential for price action.
MRO equals -24.26 with a dip-and-reversal pattern, indicating the price sits below a modeled target and the oscillator’s reversal signals potential upward mean reversion pressure toward that target.
RSI at 53.34 and rising signals mild bullish momentum without overbought conditions; momentum increases align with MACD’s bullish cross, suggesting continuation is plausible while RSI remains near neutral.
Price sits at $31.15 above the 20‑day average ($29.03), the 12/26‑day EMAs ($29.74), and the 200‑day average ($27.44). The proximity above several moving averages plus Ichimoku components (Tenkan $29.15, Kijun $30.72, Senkou A $30.61) implies short-term support near $30 and technical positioning that favors higher intraday ranges while ADX stays low.
Bollinger bands place the close above the 1x upper band ($30.47) but below the 2x upper band ($31.90), indicating price strength that could face resistance near the upper band region. SuperTrend lower support at $28.84 provides a defined short-term support level for risk management decisions.
Fundamental Analysis
Total revenue stands at $545,965,000 with revenue growth of 15.19% and YoY revenue growth of 2.83%; QoQ revenue growth shows a sharp decline (-141.659%), indicating seasonal or period timing effects between comparable quarters. Gross margin equals 45.78%, above the industry peer mean of 36.98%, supporting stronger unit economics at the gross-profit level.
Operating and EBIT margins register negative: operating margin -2.622% and EBIT margin -2.672%. The EBIT margin falls below the industry peer range low of -1.346% and well below the industry peer mean (10.721%) and median (12.163%), reflecting ongoing operating drag despite improving sales trends. Quarter-over-quarter EBIT margin contracted by -55.29%, while YoY EBIT margin improved by 35.43% from the prior-year comparable period.
Net income recorded a loss of $18,471,000 and EPS actual equals -$1.14 versus an estimate of -$1.25, producing an EPS surprise ratio of 8.8%, showing earnings missed expectations narrowed. Forward EPS sits at $0.49 with a forward PE of 47.16; trailing PE remains negative at -21.75 given current GAAP losses.
Balance-sheet and liquidity metrics: cash and short-term investments total $40,989,000, operating cash flow equals $86,343,000, and free cash flow equals $71,661,000, producing a free cash flow yield of 26.10%, substantially above the industry peer mean of 1.86% and indicating strong cash generation relative to market capitalization. Current ratio equals 1.56, slightly above the industry peer mean of 1.52, while quick ratio at 0.35 sits below the industry peer mean of 0.59, reflecting inventory reliance in working capital.
Leverage: total debt equals $589,244,000 with debt-to-equity of 1.1656, slightly below the industry peer mean of 1.2008. Net debt registers $29,963,000, indicating available liquidity after factoring cash on hand. Inventory of $501,008,000 and a cash conversion cycle of ~124 days exceed the industry peer mean of ~72 days, signalling elevated working capital investment.
Valuation perspective: WMDST values the stock as under-valued. Cheap price-to-book at 0.54 versus an industry peer mean of 3.80 and very high free cash flow yield underpin the under-valued assessment, even as negative operating and EBIT margins remain the principal valuation headwind.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-07-31 |
| REPORT DATE: | 2025-08-28 |
| NEXT REPORT DATE: | 2025-12-03 |
| CASH FLOW | Begin Period Cash Flow | $ 21.7 M |
| Operating Cash Flow | $ 86.3 M | |
| Capital Expenditures | $ -14.68 M | |
| Change In Working Capital | $ 87.8 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 19.2 M | |
| End Period Cash Flow | $ 41.0 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 546.0 M | |
| Forward Revenue | $ -39.09 M | |
| COSTS | ||
| Cost Of Revenue | $ 296.0 M | |
| Depreciation | $ 13.5 M | |
| Depreciation and Amortization | $ 13.5 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 560.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 249.9 M | |
| EBITDA | $ -1.11 M | |
| EBIT | $ -14.59 M | |
| Operating Income | $ -14.32 M | |
| Interest Income | — | |
| Interest Expense | $ 1.5 M | |
| Net Interest Income | $ -1.46 M | |
| Income Before Tax | $ -16.05 M | |
| Tax Provision | $ 2.4 M | |
| Tax Rate | 21.0 % | |
| Net Income | $ -18.47 M | |
| Net Income From Continuing Operations | $ -18.47 M | |
| EARNINGS | ||
| EPS Estimate | $ -1.25 | |
| EPS Actual | $ -1.14 | |
| EPS Difference | $ 0.11 | |
| EPS Surprise | 8.8 % | |
| Forward EPS | $ 0.49 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.4 B | |
| Intangible Assets | $ 36.7 M | |
| Net Tangible Assets | $ 469.6 M | |
| Total Current Assets | $ 645.9 M | |
| Cash and Short-Term Investments | $ 41.0 M | |
| Cash | $ 41.0 M | |
| Net Receivables | $ 54.3 M | |
| Inventory | $ 501.0 M | |
| Long-Term Investments | $ 25.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 193.0 M | |
| Short-Term Debt | $ 13.3 M | |
| Total Current Liabilities | $ 414.4 M | |
| Net Debt | $ 30.0 M | |
| Total Debt | $ 589.2 M | |
| Total Liabilities | $ 915.6 M | |
| EQUITY | ||
| Total Equity | $ 505.5 M | |
| Retained Earnings | $ 213.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 46.82 | |
| Shares Outstanding | 10.797 M | |
| Revenue Per-Share | $ 50.57 | |
| VALUATION | Market Capitalization | $ 274.5 M |
| Enterprise Value | $ 822.8 M | |
| Enterprise Multiple | -738.589 | |
| Enterprise Multiple QoQ | 1167.221 % | |
| Enterprise Multiple YoY | -501.731 % | |
| Enterprise Multiple IPRWA | high: 105.517 mean: 49.405 median: 48.494 low: -11.538 GCO: -738.589 |
|
| EV/R | 1.507 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.813 | |
| Asset To Liability | 1.553 | |
| Debt To Capital | 0.538 | |
| Debt To Assets | 0.414 | |
| Debt To Assets QoQ | -8.678 % | |
| Debt To Assets YoY | 134.005 % | |
| Debt To Assets IPRWA | high: 1.051 mean: 0.418 GCO: 0.414 median: 0.345 low: 0.22 |
|
| Debt To Equity | 1.166 | |
| Debt To Equity QoQ | -4.651 % | |
| Debt To Equity YoY | 152.953 % | |
| Debt To Equity IPRWA | high: 4.701 mean: 1.201 GCO: 1.166 median: 0.879 low: -2.166 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 0.543 | |
| Price To Book QoQ | 11.178 % | |
| Price To Book YoY | -8.965 % | |
| Price To Book IPRWA | high: 8.446 mean: 3.801 median: 3.339 GCO: 0.543 low: -4.028 |
|
| Price To Earnings (P/E) | -21.755 | |
| Price To Earnings QoQ | 88.766 % | |
| Price To Earnings YoY | -36.147 % | |
| Price To Earnings IPRWA | high: 151.774 median: 72.682 mean: 65.315 GCO: -21.755 low: -89.111 |
|
| PE/G Ratio | 0.49 | |
| Price To Sales (P/S) | 0.503 | |
| Price To Sales QoQ | -6.417 % | |
| Price To Sales YoY | -16.755 % | |
| Price To Sales IPRWA | high: 10.893 mean: 4.553 median: 4.295 GCO: 0.503 low: 0.22 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 47.157 | |
| Forward PE/G | -1.062 | |
| Forward P/S | -7.023 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -3.193 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.386 | |
| Asset Turnover Ratio QoQ | 11.669 % | |
| Asset Turnover Ratio YoY | -1.02 % | |
| Asset Turnover Ratio IPRWA | high: 0.608 GCO: 0.386 median: 0.345 mean: 0.324 low: 0.109 |
|
| Receivables Turnover | 10.192 | |
| Receivables Turnover Ratio QoQ | 9.322 % | |
| Receivables Turnover Ratio YoY | 4.421 % | |
| Receivables Turnover Ratio IPRWA | high: 90.77 mean: 18.413 median: 15.181 GCO: 10.192 low: 0.289 |
|
| Inventory Turnover | 0.622 | |
| Inventory Turnover Ratio QoQ | 7.775 % | |
| Inventory Turnover Ratio YoY | -6.234 % | |
| Inventory Turnover Ratio IPRWA | high: 1.735 mean: 0.968 median: 0.749 GCO: 0.622 low: 0.364 |
|
| Days Sales Outstanding (DSO) | 8.953 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 123.859 | |
| Cash Conversion Cycle Days QoQ | 60.38 % | |
| Cash Conversion Cycle Days YoY | 9.914 % | |
| Cash Conversion Cycle Days IPRWA | high: 351.932 GCO: 123.859 median: 82.267 mean: 72.251 low: 12.498 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 2.358 | |
| CapEx To Revenue | -0.027 | |
| CapEx To Depreciation | -1.09 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 564.0 M | |
| Net Invested Capital | $ 576.5 M | |
| Invested Capital | $ 576.5 M | |
| Net Tangible Assets | $ 469.6 M | |
| Net Working Capital | $ 231.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.099 | |
| Current Ratio | 1.559 | |
| Current Ratio QoQ | -18.549 % | |
| Current Ratio YoY | 1.654 % | |
| Current Ratio IPRWA | high: 2.461 GCO: 1.559 mean: 1.522 median: 1.503 low: 0.784 |
|
| Quick Ratio | 0.35 | |
| Quick Ratio QoQ | -36.591 % | |
| Quick Ratio YoY | -11.617 % | |
| Quick Ratio IPRWA | high: 1.528 mean: 0.592 median: 0.554 GCO: 0.35 low: 0.063 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -528.944 | |
| Cost Of Debt | 0.188 % | |
| Interest Coverage Ratio | -9.999 | |
| Interest Coverage Ratio QoQ | -52.734 % | |
| Interest Coverage Ratio YoY | 29.809 % | |
| Interest Coverage Ratio IPRWA | high: 52.0 median: 17.949 mean: 16.844 GCO: -9.999 low: -12.777 |
|
| Operating Cash Flow Ratio | 0.034 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 56.885 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.234 % | |
| Revenue Growth | 15.189 % | |
| Revenue Growth QoQ | -141.659 % | |
| Revenue Growth YoY | 2.83 % | |
| Revenue Growth IPRWA | high: 40.558 % GCO: 15.189 % mean: 7.882 % median: 7.654 % low: -12.613 % |
|
| Earnings Growth | -44.39 % | |
| Earnings Growth QoQ | -72.747 % | |
| Earnings Growth YoY | -26.599 % | |
| Earnings Growth IPRWA | high: 285.714 % mean: 18.015 % median: 8.108 % GCO: -44.39 % low: -225.0 % |
|
| MARGINS | ||
| Gross Margin | 45.781 % | |
| Gross Margin QoQ | -1.894 % | |
| Gross Margin YoY | -2.119 % | |
| Gross Margin IPRWA | high: 68.419 % GCO: 45.781 % median: 39.15 % mean: 36.982 % low: 10.882 % |
|
| EBIT Margin | -2.672 % | |
| EBIT Margin QoQ | -55.288 % | |
| EBIT Margin YoY | 35.428 % | |
| EBIT Margin IPRWA | high: 18.428 % median: 12.163 % mean: 10.721 % low: -1.346 % GCO: -2.672 % |
|
| Return On Sales (ROS) | -2.622 % | |
| Return On Sales QoQ | -56.124 % | |
| Return On Sales YoY | 32.894 % | |
| Return On Sales IPRWA | high: 18.428 % median: 12.163 % mean: 10.26 % GCO: -2.622 % low: -3.764 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 71.7 M | |
| Free Cash Flow Yield | 26.103 % | |
| Free Cash Flow Yield QoQ | -155.429 % | |
| Free Cash Flow Yield YoY | 317.849 % | |
| Free Cash Flow Yield IPRWA | GCO: 26.103 % high: 7.329 % mean: 1.863 % median: 1.175 % low: -2.178 % |
|
| Free Cash Growth | -159.75 % | |
| Free Cash Growth QoQ | -26.093 % | |
| Free Cash Growth YoY | 6.931 % | |
| Free Cash Growth IPRWA | high: 535.911 % median: -86.123 % mean: -94.663 % GCO: -159.75 % low: -534.848 % |
|
| Free Cash To Net Income | -3.88 | |
| Cash Flow Margin | 2.595 % | |
| Cash Flow To Earnings | -0.767 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.01 | |
| Return On Assets (ROA) | -1.307 % | |
| Return On Assets QoQ | -15.623 % | |
| Return On Assets YoY | 75.908 % | |
| Return On Assets IPRWA | high: 4.767 % median: 3.138 % mean: 2.73 % low: -0.754 % GCO: -1.307 % |
|
| Return On Capital Employed (ROCE) | -1.448 % | |
| Return On Equity (ROE) | -0.037 | |
| Return On Equity QoQ | -10.243 % | |
| Return On Equity YoY | 94.465 % | |
| Return On Equity IPRWA | high: 0.115 mean: 0.071 median: 0.068 GCO: -0.037 low: -0.041 |
|
| DuPont ROE | -3.597 % | |
| Return On Invested Capital (ROIC) | -1.999 % | |
| Return On Invested Capital QoQ | -36.58 % | |
| Return On Invested Capital YoY | -54.671 % | |
| Return On Invested Capital IPRWA | high: 11.206 % mean: 6.315 % median: 5.305 % low: -0.654 % GCO: -1.999 % |
|