Genesco

Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.

Earnings data Q4 2021

Earnings data Q1 2022

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Genesco Corporation reports challenging Q1 earnings, focuses on profitability

Genesco Corporation's Q1 2023 earnings call highlighted the success of Johnston & Murphy and Schuh, while expressing dissatisfaction with Journeys' performance. The company is taking actions to mitigate challenges, manage P&L, and respond to the consumer environment. Revised guidance reflects a more conservative view, with expectations of muted consumer demand and lower sales.

GCO reports challenges for Journeys but anticipates improved margins

GCO's Q2 performance showed challenges for Journeys but improvements in sales trends and inventory management. The company is focused on strengthening customer engagement, driving digital growth, and optimizing the store footprint. GCO anticipates continued inventory improvement and cost savings initiatives.

GCO reports Q3 revenue decline but sees positive shifts in comps

GCO faced challenges from inflationary pressures and economic uncertainty, impacting discretionary spending. However, positive shifts in comps for Journeys and strong sales from Schuh present opportunities for growth. The company's focus on digital business and loyalty programs also bode well for future performance.

Genesco reports strong FY 2023, eyes digital growth in FY 2024

Genesco's fiscal year 2023 showcased strength in certain brands while facing challenges in others. The company is strategically focusing on digital growth and consumer engagement for fiscal year 2024, with opportunities for improvement in the latter half of the year.

Genesco reports mixed Q1 results, focuses on cost-saving initiatives

Genesco's Q1 performance reflected challenges in Journeys but strengths in other brands like Johnston & Murphy and Schuh.
The company is taking actions to reposition products, identify store closures, and focus on newness to meet consumer demand.
Guidance revision indicates expectations of sales decrease but with opportunities for cost savings and growth in premium and off-mall locations.
Overall, Genesco remains focused on responding to consumer trends and driving profitability as sales improve.

Genesco reports mixed Q2 results, focuses on repositioning Journeys

Genesco's Q2 2024 performance saw a decline in revenue but improved gross margin. Record sales at Johnston & Murphy and Schuh offset pressure at Journeys.
Challenges include anticipated sales decline, inventory reductions, and industry-wide athletic inventory overhang. Strategic focus on digital growth and cost savings initiatives.
Opportunities lie in repositioning Journeys, enhancing margins, and driving growth through customer engagement. Cautious outlook for fiscal '24 with a focus on mitigating profit pressure.

Genesco reports Q3 challenges, showcases brand strength, and eyes growth

Genesco's Q3 performance reflects resilience amidst challenges, with strategic efforts driving sales improvements and operational efficiencies across brands.
While facing headwinds from promotional activities and consumer demand uncertainties, the company's diversified brand portfolio and proactive measures position it for long-term success.
By focusing on customer engagement, digital growth, and operational optimization, Genesco aims to navigate challenges, capitalize on opportunities, and drive sustainable growth in a competitive retail landscape.

Genesco tackles consumer behavior challenges, eyes growth in key segments

Genesco faces challenges from changing consumer behavior but is strategically focusing on improving key segments like Journeys. Record sales from Schuh and Johnston & Murphy provide a strong foundation for growth.

Genesco beats Q1 expectations, eyes growth through customer loyalty

Genesco's Q1 performance exceeded guidance, with Journeys leading the way. Challenges in the U.K. were offset by strong Easter sales. Despite lower sales, improved margins and customer loyalty are driving profitability. Cost-saving initiatives and cautious outlook for Q2 are in place.

Genesco surpasses Q2 expectations driven by Journeys' growth

Genesco's Q2 performance exceeded expectations, with a focus on driving growth in Journeys and the digital business.
Challenges faced by Schuh and Johnston & Murphy were offset by opportunities to improve performance and profitability.
Cost reduction efforts and strategic initiatives position Genesco well for future growth and navigating market challenges.
Maintaining a cautious outlook for certain segments while remaining optimistic about Journeys' momentum and the holiday season.

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Genesco, Inc. engages in sourcing and design, marketing, and distribution of footwear, apparel, and accessories. It operates through the following business segments: Journeys Group, Schuh Group, Johnston and Murphy Group, and Genesco Brands Group. The Journeys Group segment operates the Journeys, Journeys Kidz, and Little Burgundy retail stores retail footwear chain. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston and Murphy Group segment operates the wholesale distribution of products under the Johnston and Murphy brand. The Genesco Brands Group segment is involved in licensed Dockers, Levi's, and G.H. Bass brands. The company was founded in 1924 and is headquartered in Nashville, TN.

--Revenue and Operating Income Well Exceed Pre-Pandemic Levels--  --EPS Surpasses Expectations-- Second Quarter Fiscal 2023 Financial Summary Net sales of $535 million, a decrease of 4% from last year and an increase of 10% over Q2FY20 Excluding the impact of lower exchange rates, net sales decreased 1% for Q2FY23 compared to Q2FY22 Gross margin meets expectations E-commerce sales represented 18% of retail sales this year versus 19% of retail sales last year and 10% of retail sales in Q2FY20 GAAP EPS from continuing operations was $0.59 vs. $0.74 last year and $0.05 in Q2FY20 Non-GAAP EPS from continuing operations was $0.59 1 vs.

GENESCO INC. REPORTS FISCAL 2023 SECOND QUARTER RESULTS

Genesco (GCO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Genesco (GCO) to Report a Decline in Earnings: What to Look Out for

NASHVILLE, Tenn. , Aug. 17, 2022 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the second quarter fiscal 2023 on September 1, 2022, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m.

GENESCO TO REPORT SECOND QUARTER FISCAL 2023 RESULTS AND HOLD CONFERENCE CALL ON SEPTEMBER 1, 2022

--Former Chief Executive Officer and Director of Tractor Supply Company Joined Genesco Board in 2021-- NASHVILLE, Tenn. , June 27, 2022 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) announced today that the independent directors of the Genesco Board have unanimously selected Gregory A.

GENESCO APPOINTS GREGORY A. SANDFORT AS LEAD INDEPENDENT DIRECTOR

Genesco Inc. (NYSE:GCO ) Q1 2023 Earnings Conference Call May 26, 2022 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A and Investor Relations Mimi Vaughn - Board Chair, President and Chief Executive Officer Tom George - Senior Vice President, Finance, Chief Financial Officer Conference Call Participants Steve Marotta - C.L. King & Associates Mitch Kummetz - Seaport Research Operator Good day, everyone.

Genesco Inc. (GCO) CEO Mimi Vaughn on Q1 2023 Results - Earnings Call Transcript

Genesco, Inc (NYSE: GCO), owner of brands like Journeys and Schuh, has proven its place in post-pandemic retail. The company's brand position and omnichannel offering have it set up to outperform many of its mall-based competitors but there is a problem for the market.

Genesco Pops On Earnings But Don't Expect A Rally

Genesco (GCO) delivered earnings and revenue surprises of 588.89% and 0.06%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Genesco (GCO) Beats Q1 Earnings Estimates

-- Profitability Exceeds Expectations -- -- Reaffirms Fiscal 2023 Outlook -- First Quarter Fiscal 2023 Financial Summary Net sales of $521 million, a decrease of 3% from last year and an increase of 5% over Q1FY20 with 90 fewer stores compared with three years ago Gross margin increased 50 basis points over last year GAAP operating income decreased 47% from last year and down 9% over Q1FY20 Non-GAAP operating income decreased 50% from last year and increased 14% over Q1FY20 E-commerce sales decreased 29% from last year and increased 74% from Q1FY20 E-commerce sales represented 19% of retail sales this year versus 25% of retail sales last year and 11% of retail sales in Q1FY20 GAAP EPS from continuing operations was $0.37 vs. $0.60 last year and $0.36 in Q1FY20 Non-GAAP EPS from continuing operations was $0.44 1 vs.

GENESCO INC. REPORTS FISCAL 2023 FIRST QUARTER RESULTS

NASHVILLE, Tenn. , May 12, 2022 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the first quarter fiscal 2023 on May 26, 2022, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m.

GENESCO TO REPORT FIRST QUARTER FISCAL 2023 RESULTS AND HOLD CONFERENCE CALL ON MAY 26, 2022

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Genesco (GCO) Stock Undervalued Right Now?

Genesco (GCO) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Why Fast-paced Mover Genesco (GCO) Is a Great Choice for Value Investors

Genesco Inc. (GCO) CEO Mimi Vaughn on Q4 2021 Results - Earnings Call Transcript

Genesco Inc (NYSE: GCO) reported fourth-quarter FY22 sales growth of 14% year-on-year, to $727.66 million, beating the consensus of $726.57 million. Same-store sales rose 10% over last year.

Genesco Shares Pop On Q4 Earnings Beat, Solid FY23 Outlook

Genesco (GCO) delivered earnings and revenue surprises of 31.32% and 0.15%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Genesco (GCO) Q4 Earnings and Revenues Beat Estimates

NASHVILLE, Tenn., March 10, 2022 /PRNewswire/ -- Fourth Quarter Fiscal 2022 Financial Summary Net sales increased 14% from last year to $728 million Net sales increased 7% over the fourth quarter two years ago Gross margin up 310 and 200 basis points, respectively, over fourth quarter last year and two years ago GAAP and Non-GAAP operating income increased 84% and 12%, respectively, over fourth quarter two years ago Same store sales increased 10% over last year E-commerce sales increased 36% from fourth quarter two years ago Returned capital to shareholders with the repurchase of $52 million in stock GAAP EPS from continuing operations was $4.41 vs.

GENESCO INC. REPORTS FISCAL 2022 FOURTH QUARTER AND FULL YEAR RESULTS

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Earnings Preview: Genesco (GCO) Q4 Earnings Expected to Decline

NASHVILLE, Tenn., Feb. 24, 2022 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the fourth quarter fiscal 2022 on March 10, 2022, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m.

GENESCO INC. TO REPORT FOURTH QUARTER FISCAL 2022 RESULTS AND HOLD CONFERENCE CALL ON MARCH 10, 2022

Genesco Inc (NYSE: GCO) board has authorized a $100 million increase to its existing $100 million share repurchase authorization. Genesco has $1.0 million remaining under the existing share repurchase program.

Genesco Plans $100M Increase To Repurchase Authorization

Genesco Inc. GCO, -0.43% said Monday that it has authorized a $100 million share buyback program, which will be added to the existing $1 million remaining from its previous $100 million program. Since 2018, the company has repurchased about 7 million shares at a total cost of $324 million, representing about 34% of the outstanding stock since the start of the purchases.

Genesco announces $100 million share buyback program

NASHVILLE, Tenn., Feb. 7, 2022 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) announced today that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.

GENESCO ANNOUNCES $100 MILLION INCREASE TO ITS SHARE REPURCHASE AUTHORIZATION

Genesco has been a free cash flow machine in 2020-21. The stock remains substantially undervalued if operating results for 2022 mirror 2021.

Genesco Is One Of The Cheapest Retailers Available

The shares of  Genesco Inc. (NYSE:GCO) are up 2% to trade at $64.26 this morning.

Should Investors Play It Safe With Genesco Stock?

NASHVILLE, Tenn., Jan. 27, 2022 /PRNewswire/ -- Nashville-based Genesco Inc. (NYSE: GCO) received a score of 100 on the Human Rights Campaign Foundation's 2022 Corporate Equality Index, the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Genesco Inc. Earns Top Score in Human Rights Campaign Foundation's 2022 Corporate Equality Index

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Retailers such as Tilly's (TLYS), Zumiez (ZUMZ), Citi Trends (CTRN) and Genesco (GCO) channelized their strength to provide consumers with a seamless shopping experience in the holiday season.

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