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Genesco Inc (GCO.N)

GCO.N on New York Stock Exchange

28.95USD
22 Nov 2017
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$0.20 (+0.70%)
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Latest Key Developments (Source: Significant Developments)

Genesco reports Q2 loss per share of $0.20 from continuing operations
Thursday, 31 Aug 2017 06:51am EDT 

Aug 31 (Reuters) - Genesco Inc :Genesco reports second quarter fiscal 2018 results.Q2 loss per share $0.20 from continuing operations.Q2 sales $617 million versus I/B/E/S view $626.9 million.Q2 earnings per share view $-0.08 -- Thomson Reuters I/B/E/S.Sees FY 2018 adjusted earnings per share $3.35 to $3.65.Q2 adjusted loss per share $0.10 from continuing operations.Consolidated Q2 2018 comparable sales, including same store sales and comparable e-commerce and catalog sales, were flat.Sees ‍comparable sales in range of -1 pct to 1 pct for full year​.FY2018 earnings per share view $3.73 -- Thomson Reuters I/B/E/S.Q2 results include $8.9 million gain on network intrusion expenses as a result of a litigation settlement.  Full Article

Genesco reports Q4 sales of $883 million
Friday, 10 Mar 2017 06:53am EST 

Genesco Inc : Genesco reports fourth quarter fiscal 2017 results . Q4 earnings per share $2.40 from continuing operations . Q4 earnings per share view $1.78 -- Thomson Reuters I/B/E/S . Q4 sales $883 million versus I/B/E/S view $901.3 million . Q4 adjusted earnings per share $2.15 from continuing operations . Q4 loss per share $0.04 including items . Genesco Inc- "Fiscal 2018 is off to a sluggish start, as expected" . Sees FY 2018 adjusted earnings per share $4.40 to $4.55 . Sees comparable sales increases in 2% to 3% range for full year .FY2018 earnings per share view $4.46 -- Thomson Reuters I/B/E/S.  Full Article

Genesco says comparable sales flat for qtr-to-date period ended Jan 5, 2017
Monday, 9 Jan 2017 06:53am EST 

Genesco Inc : Genesco reports comparable sales . Expects to meet high end of adjusted earnings per share guidance of $3.80 to $4.00 for FY ending Jan 28, 2017 . Expects to meet high end of most recent adjusted earnings per share guidance for fiscal year ending January 28, 2017 . Comparable sales, including both stores and direct sales, were flat for quarter-to-date period ended January 5, 2017 .Same store sales fell 2 percent and sales for e-commerce and catalog direct sales businesses increased 11 percent on a comparable basis for quarter to January 5.  Full Article

Genesco's Suregrip Footwear to be bought by Shoes For Crews
Tuesday, 6 Dec 2016 06:50am EST 

Genesco Inc : Transaction is expected to close by end of 2016 . Terms of transaction were not disclosed .Shoes For Crews to acquire Suregrip Footwear from Genesco.  Full Article

Genesco reports Q3 earnings per share of $1.30
Friday, 2 Dec 2016 06:54am EST 

Genesco Inc : Genesco reports third quarter fiscal 2017 results . Q3 earnings per share $1.30 from continuing operations . Q3 sales $711 million versus I/B/E/S view $716.9 million . Reaffirms FY 2017 adjusted earnings per share view $3.80 to $4.00 . Q3 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Q3 adjusted earnings per share $1.28 from continuing operations . Genesco Inc - Qtrly comparable sales for company reflected a 4pct decrease in same store sales . Genesco Inc - "headwinds for journeys are likely to continue in near term . Genesco- "strong positive impact of world series on lids sports group's sales has offset weaker comps in rest of our businesses so far during quarter" .Outlook offset "primarily by expectations for a more challenging Q4 at journeys due to unseasonably warmer weather".  Full Article

Genesco reports Q2 adj. earnings $0.34/shr from continuing operations
Thursday, 1 Sep 2016 06:47am EDT 

Genesco Inc : Genesco reports second quarter fiscal 2017 results . Sees FY 2017 adjusted earnings per share $3.80 to $4.00 . Q2 earnings per share $0.72 from continuing operations . Q2 sales $626 million versus I/B/E/S view $642.5 million . Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Q2 adjusted earnings per share $0.34 from continuing operations . "lowering our full year outlook" . Qtrly comparable sales for co reflected a 2 pct decrease in same store sales and a 1 pct decrease in e-commerce sales . Guidance assumes a comparable sales decrease in low single digit range for full year . Comparable sales for Q3 through august 27, 2016, are down 5 pct from same period last year . Sees for fiscal year ending January 28, 2017, forecasted earnings from continuing operations $3.71 - $4.04 . "Our comparable sales were challenged during Q2 particularly in July with emergence of a fashion rotation at journeys" .Q3 off to a difficult start driven largely by impact of fashion shift at journeys during height of back to school season, challenges at Schuh.  Full Article

Genesco reports Q1 earnings per share $0.50 from continuing operations
Thursday, 26 May 2016 06:46am EDT 

Genesco Inc : Genesco reports first quarter fiscal 2017 results . Q1 earnings per share $0.50 from continuing operations . Q1 sales $649 million versus I/B/E/S view $658.8 million . Q1 earnings per share view $0.39 -- Thomson Reuters I/B/E/S . Sees fy 2017 adjusted earnings per share $4.80 to $4.90 . Q1 adjusted earnings per share $0.62 from continuing operations . Qtrly comparable sales for company reflected a 1% increase in same store sales and e-commerce sales were flat . Board has replaced remaining $11 million balance of a previous $100 million repurchase program authorized in january 2016 . Reiterating full year outlook . Replaced remaining $11 million balance with a new authorization to repurchase up to $100 million of common stock .Fy2017 earnings per share view $4.84 -- Thomson Reuters I/B/E/S.  Full Article

Genesco Inc announces additional stock repurchase authorization
Tuesday, 19 Jan 2016 04:32pm EST 

Genesco Inc:Board of directors has authorized it to repurchase up to $100 million of the Company's common stock.Authorization replaces the remaining balance of a previous $100 million repurchase program authorized in September 2015.Primary source of funds for incremental repurchases under the new authorization is intended to be proceeds from the sale of the Lids Team Sports business.  Full Article

Genesco Inc lowers FY 2016 EPS outlook
Monday, 11 Jan 2016 06:30am EST 

Genesco Inc:Expects adjusted earnings per diluted share for FY 2016, in the range of $4.30 to $4.40 per share.Says reduction from the previous, most recently announced guidance range of $4.50 to $4.60 per share reflects measures planned to complete Lids Sports Group's year-long inventory reduction program in the fourth quarter and current challenges in the Schuh Group's busines.  Full Article