Key Developments: Genesco Inc (GCO)
68.65USD
24 May 2013
$0.97 (+1.43%)
$67.68
$67.40
$68.69
$66.60
116,634
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Latest Key Developments (Source: Significant Developments)
Genesco Inc Declares Quarterly Dividends
Genesco Inc announced that the Board of Directors declared dividends on the various classes of its preferred stock for the quarter ending May 4, 2013, payable on April 30, 2013, to shareholders of record on April 15, 2013. Subordinated serial preferred stock: Series 1: $0.575 per share; Series 3: $1.1875 per share; Series 4 $1.1875 per share; Subordinated cumulative preferred stock: $0.375 per share; Subordinated cumulative preferred stock: $0.375 per share. Full Article
Genesco Inc Issues FY 2014 EPS Guidance In Line With Analysts' Estimates; Comments On FY 2014 Comparable Sales Guidance
Genesco Inc announced that based on current visibility, it expects adjusted fiscal 2014 diluted earnings per share to be in the range of $5.57 to $5.67, which represents a 10% to 12% increase over fiscal 2013's adjusted earnings per share of $5.06. Consistent with previous guidance, these expectations do not include expected non-cash asset impairments and other charges, which are estimated in the range of $3.0 million to $4.0 million pretax, or $0.08 to $0.11 per share, after tax, in Fiscal 2014. This guidance assumes comparable sales increases in the low single digit range for the full fiscal year. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $5.57 for fiscal 2014. Full Article
Genesco Inc Updates On FY 2013 EPS Guidance And Comparable Store Sales Guidance
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. Full Article
Genesco Inc Raises FY 2013 EPS Guidance; Reaffirms Comparable Store Sales Guidance
Genesco Inc updated it fiscal 2013 guidance and expects full year adjusted diluted earnings per share (EPS) to be in the range of $5.00 to $5.08, an increase from previous guidance range of $4.88 to $5.00. This new outlook represents an increase of 22% to 24% over last year's adjusted earnings per share of $4.09. Consistent with previous guidance, these expectations do not include expected non-cash asset impairments and other charges, which are projected to total approximately $1.5 million to $2.5 million pretax, or $0.04 to $0.07 per share, after tax, in Fiscal 2013. This guidance assumes comparable store sales in the 4% range for the full fiscal year 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company EPS of $5.02 for fiscal 2013. Full Article
Genesco Inc Declares Quarterly Dividends
Genesco Inc announced that it has declared dividends on the various classes of its preferred stock for the quarter ending October 27, 2012, payable on October 30, 2012, to shareholders of record on October 15, 2012. The rates are as follows: Subordinated serial preferred stock Series 1 at $0.575 per share ; Subordinated serial preferred stock Series 3 at $1.1875 per share ; Subordinated serial preferred stock Series 4 at $1.1875 per share and Subordinated cumulative preferred stock at $0.375 per share Full Article
Genesco Inc Raises FY 2013 EPS Guidance; Sees FY 2013 Comparable Sales Guidance At High End Of Prior Range
Genesco Inc updated outlook for fiscal 2013. Based on second quarter performance, the Company has raised outlook for fiscal 2013. The Company expects adjusted diluted earnings per share (EPS) to be in the range of $4.88-$5.00, an increase from previous guidance range of $4.70-$4.82. Consistent with previous guidance, these expectations do not include expected non-cash asset impairments and other charges, which are estimated in the range of $1.5 million to $2.5 million pretax, or $0.04 to $0.06 per share, after tax, in fiscal 2013. The revised guidance assumes a comparable sales increase in the 4% range for fiscal 2013. Full Article
Genesco Inc Announces New Share Repurchase Authorization
Genesco Inc announced that its Board of Directors has authorized it to repurchase up to $75 million of the Company's common stock. The authorization replaces the remaining balance of a previous $35 million repurchase program authorized in October 2010, pursuant to which the Company has repurchased approximately 366,000 shares at a total cost of approximately $21.5 million, including approximately 346,000 shares repurchased during the second quarter this year, at a total cost of approximately $20.8 million. Full Article
Genesco Inc. Raises FY 2013 EPS Guidance; Raises FY 2013 Comparable Sales Guidance
Genesco Inc. updated fiscal 2013 guidance and expects diluted earnings per share (EPS) to be in the range of $4.70 to $4.82, an increase from previous guidance range of $4.58 to $4.70. The revised guidance assumes a comparable sales increase of 3% to 4% for the full fiscal year. According to I/B/E/S Estimates, analysts on an average are expecting the Company EPS of $4.69 for fiscal 2013. Full Article
Genesco Inc. Declares Quarterly Dividends
Genesco Inc. announced that its Board of Directors declared dividends on the various classes of its preferred stock for the quarter ending April 28, 2012, payable on April 30, 2012, to shareholders of record on April 13, 2012. The rates are as follows; subordinated serial preferred stock; Series 1 at $0.575 per share; Series 3 at $1.1875 per share; Series 4 at $1.1875 per share and Subordinated cumulative preferred stock at $0.375 per share. Full Article
Genesco Inc. Issues FY 2013 EPS Guidance In Line With Analysts' Estimates; Comments On FY 2013 Comparable Sales Guidance
Genesco Inc. announced that for fiscal 2013, it expects diluted earnings per share to be in the range of $4.58 to $4.70. Consistent with previous guidance, these expectations do not include expected non-cash asset impairments and other charges, which are estimated in the range of $1.4 million to $2.5 million pretax, or $0.04 to $0.06 per share, after tax, in fiscal 2013. This guidance assumes comparable sales of 2% to 3% for fiscal 2013. According to I/B/E/S Estimates, analysts on an average are expecting the Company EPS of $4.42 for fiscal 2013. Full Article
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