Footwear stocks are surging after a strong Q1, with the sector beating earnings forecasts by nearly 2% and shares climbing an average of 9%. Genesco, behind Journeys and Johnston & Murphy, led the pack with a 2.8% revenue jump and a 2.9% beat. Nike edged down 1.1% but still outperformed, while Caleres missed guidance and saw its stock fall. Crocs lagged in growth but gained significantly in value. Deckers, parent of UGG, soared 9.6% and boosted its full-year outlook. Amid athleisure trends and direct-to-consumer wins, the industry’s resilience shines — even as supply chain and competition pressures loom.
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