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Genesco Inc Updates On FY 2013 EPS Guidance And Comparable Store Sales Guidance


Tuesday, 15 Jan 2013 08:30am EST 

Genesco Inc announced that for fiscal 2013, the comparable sales trend so far in January has strengthened, but the planned two-week delay in the commencement of federal tax refunds recently announced by the IRS will likely shift some significant portion of sales from the last week of January into the first quarter of the new fiscal year. Partly as a result of this sales shift, it expects adjusted earnings per diluted share (EPS) to range from the low end to the middle of the upwardly revised guidance range of $5.00-$5.08 announced by the Company on November 30, 2012. The Company's adjusted earnings per share expectations do not reflect expected non-cash asset impairments and other charges, including retail store fixed asset impairments expected to be approximately $0.04 per diluted share for fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.06 for fiscal 2013. 

Company Quote

75.88
-0.67 -0.88%
17 Apr 2014