Genesco Inc
NYSE:GCO

  • LAST PRICE
    28.5000
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    28.0000/ 7
  • Ask / Lots
    45.3100/ 1
  • Open / Previous Close
    0.0000 / 28.5000
  • Day Range
    ---
  • 52 Week Range
    17.3100
    37.8900
  • Volume
    ---

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  • May 31, 2024

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    • 7:12AM ET on Friday May 31, 2024 by Dow Jones
      Companies Mentioned: GCO

      By Dean Seal

      Genesco recorded a wider loss in the spring quarter as sales in its major shoe chains declined.

      The Nashville-based owner of retail brands including Johnston & Murphy and Journeys posted a loss of $24.3 million, or $2.23 a share, for the first quarter ended May 4, compared with a loss of $18.9 million, or $1.60 a share, in the same quarter a year ago.

    • 6:53AM ET on Friday May 31, 2024 by MT Newswires
      Companies Mentioned: GCO
      06:53 AM EDT, 05/31/2024 (MT Newswires) -- ...

    • 6:50AM ET on Friday May 31, 2024 by Business Wire
      Companies Mentioned: GCO

      --Reaffirms Fiscal 2025 Outlook

      Genesco Inc. (NYSE: GCO) today reported first quarter results for the three months ended May 4, 2024.

      First Quarter Fiscal 2025 Financial Summary

      Total net sales decreased 5%; comparable sales decreased 5% Comparable e-commerce sales increased 3%; comparable store sales decreased 7% E-commerce sales represented 23% of retail sales compared to 21% last year GAAP EPS was ($2.22) and Non-GAAP EPS was ($2.10)(1) Inventory decreased 17% year-over-year Reaffirms fiscal 2025 sales and EPS outlook

    • 6:50AM ET on Friday May 31, 2024 by Dow Jones
      Companies Mentioned: GCO
      --------- ---------- --------- Total Operating Loss $ (32,128) $ 2,159 $ (29,969) --------- ---------- --------- % of sales -7.0% -6.5% --------- ---------- --------- Quarter 1 - April 29, 2023 -------------------------------------------------------- Operating Asset Impair Adj Operating In Thousands Income (Loss) & Other Adj Income (Loss) ----------------- ------------------ ----------------- Journeys Group $ (18,362) $ - $ (18,362) Schuh Group (1,790) - (1,790) Johnston & Murphy Group 4,806 - 4,806 Genesco Brands Group (32) - (32) Corporate and Other (7,619) 308 (7,311) --------- ---------- --------- Total Operating Loss $ (22,997) $ 308 $ (22,689) --------- ---------- --------- % of sales -4.8% -4.7% --------- ---------- --------- Quarter 1 ------------------------------------- In Thousands May 4, 2024 April 29, 2023 ----------------- ------------------ Gross margin, as reported $ 216,281 $ 228,808 % of sales 47.3% 47.3% Charges related to distribution model transition 1,581 - --------- ---------- Total adjustments 1,581 - --------- ---------- Adjusted gross margin $ 217,862 $ 228,808 --------- ---------- % of sales 47.6% 47.3% --------- ---------- Schedule B Genesco Inc. Adjustments to Forecasted Earnings from Continuing Operations Fiscal Year Ending February 1, 2025 In millions (except per share amounts) High Guidance Low Guidance Fiscal 2025 Fiscal 2025 ---------------------- ------------------------- Net of Tax Per Share Net of Tax Per Share ---------- ---------- ----------- ------------ Forecasted earnings from continuing operations $ 9.0 $ 0.80 $ 4.0 $ 0.36 Charges related to distribution model transition 1.2 0.10 1.2 0.10 Asset impairments and other adjustments: Asset impairments and other matters 1.1 0.10 1.5 0.14 ------ ------ --- ------ ------ Total asset impairments and other adjustments (1) 1.1 0.10 1.5 0.14 ------ ------ --- ------ ------ Adjusted forecasted earnings from continuing operations (2) $ 11.3 $ 1.00 $ 6.7 $ 0.60 ------ ------ --- ------ ------ (1) All adjustments are net of tax where applicable. The forecasted tax rate for Fiscal 2025 is approximately 26%. (2) EPS reflects 11.2 million share count for Fiscal 2025 which includes common stock equivalents. This reconciliation reflects estimates and current expectations of future results. Actual results may vary materially from these expectations and estimates, for reasons including those included in the discussion of forward-looking statements elsewhere in this release. The Company disclaims any obligation to update such expectations and estimates.

    • 6:50AM ET on Friday May 31, 2024 by Dow Jones
      Companies Mentioned: GCO

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