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

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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.

LOS ANGELES--(BUSINESS WIRE)--Legion Partners Asset Management, LLC (together with its affiliates, “Legion Partners” or “we”), which collectively with the other participants in its solicitation beneficially owns approximately 5.9% of the outstanding common shares of Genesco, Inc. (NYSE:GCO) (“Genesco” or the “Company”), today issued the below open letter to the Company's Board of Directors (the “Board”) regarding the decision to delay the 2021 Annual Meeting of Shareholders (the “Annual Meeting

Legion Partners Issues Letter to Genesco's Board Regarding Its Decision to Delay the Company's 2021 Annual Meeting

Legion Partners, known for working behind the scenes, nominated seven director candidates to Genesco's eight-person board.

An activist investor calls for a slate of new directors at apparel retailer Genesco

Genesco disclosed that Legion Partners Asset Management has told the company it plans to nominate a controlling slate of seven people to stand for election to the retailer's board of directors at the 2021 annual meeting of shareholders, according to a statement. Genesco, which is headquartered in Nashville, sells shoes and accessories under brands such […]

Footwear Retailer Genesco Faces Activist Challenge For Board Seats

NASHVILLE, Tenn., April 12, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today confirmed that Legion Partners Asset Management, LLC ("Legion") has provided notice of its intent to nominate a controlling slate of seven individuals to stand for election to the Genesco Board of Directors at the 2021 Annual Meeting of Shareholders.

Genesco Confirms Receipt Of Director Nominations From Legion Partners

Specialty retailer Genesco Inc. (NYSE:GCO) stepped into the earnings confessional last week and walked away down 1.9%.

Don't Sweat the Genesco Stock Pullback

Genesco (GCO) delivered earnings and revenue surprises of 42.27% and 3.44%, respectively, for the quarter ended January 2021. Do the numbers hold clues to what lies ahead for the stock?

Genesco (GCO) Beats Q4 Earnings and Revenue Estimates

Shares of Genesco (NYSE:GCO) fell 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 10.68% over the past year to $2.76, which beat the estimate of $1.96.

Recap: Genesco Q4 Earnings

NASHVILLE, Tenn., March 11, 2021 /PRNewswire/ -- Fourth Quarter Fiscal 2021 Financial Summary Net sales decreased 6% from last year to $637 million with stores open about 90% of days Comparable sales increased 1% Highlighted by strong 55% e-commerce comp growth Journeys achieves record operating income Inventory down 20% GAAP EPS from continuing operations was $6.20 Non-GAAP EPS from continuing operations was $2.76 1 Fiscal 2021 Financial Summary Net sales decreased 19% from last year to $1.8 billion with stores open 76% of days Highlighted by strong 74% e-commerce comp growth Generated cash flow of $134 million GAAP EPS from continuing operations was $(3.94) Non-GAAP EPS from continuing operations was $(1.18) 1 Genesco Inc. (NYSE: GCO) today reported GAAP earnings from continuing operations per diluted share of $6.20 for the three months ended January 30, 2021, compared to earnings from continuing operations per diluted share of $2.49 in the fourth quarter last year.

Genesco Inc. Reports Fiscal 2021 Fourth Quarter And Full Year Results

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Genesco (GCO) fourth-quarter fiscal 2021 performance is likely to have been hurt by weak sales trend across brands and divisions.

Here's How Genesco (GCO) Looks Just Ahead of Q4 Earnings

As of late, it has definitely been a great time to be an investor of Genesco (GCO).

Will Genesco (GCO) Continue to Surge Higher?

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) a Great Value Stock Right Now?

Genesco (GCO) posts soft comparable sales for the quarter-to-date period ended Dec 26, 2020.

Genesco's (GCO) Comps Decline 3%, Online Business Strong

Genesco Inc. stock soared 10.6% in Monday trading after the retailer gave a preliminary fourth-quarter report that shows the company's Journeys banner had strong full-price sales during the period. Journeys sells brands including VF Corp.'s Vans brand, Ugg, a Deckers Outdoor Corp. label, and Birkenstock shoes.

Genesco stock soars after preliminary fourth-quarter report shows strong full-price sales at Journeys retailer

NASHVILLE, Tenn., Jan. 4, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that its management team will present at the 2021 ICR Conference on Monday, January 11, 2021. A webcast of the virtual fireside chat presentation is scheduled to begin at 10:30 a.m. (Eastern time) and...

Genesco Inc. To Present At 2021 ICR Conference On January 11, 2021

Investors need to pay close attention to Genesco (GCO) stock based on the movements in the options market lately.

Do Options Traders Know Something About Genesco (GCO) Stock We Don't?

Genesco Inc. (GCO) CEO Mimi Vaughn on Q3 2021 Results - Earnings Call Transcript

Shares of Genesco (NYSE:GCO) rose 4.4% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 36.09% over the past year to $0.85, which may not compare to the estimate of ($0.14).

Recap: Genesco Q3 Earnings

NASHVILLE, Tenn., Dec. 4, 2020 /PRNewswire/ -- Third Quarter Fiscal 2021 Financial Summary Net sales decreased 11% from last year to $479 million with stores open 95% of days Highlighted by strong 62% e-commerce comp growth Inventory down 22% GAAP EPS from continuing operations was $0.52...

Genesco Inc. Reports Fiscal 2021 Third Quarter Results

NASHVILLE, Tenn., Dec. 1, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that Thomas A. George is joining the company as senior vice president-finance and interim chief financial officer, effective December 14, 2020. He succeeds Melvin G. Tucker, whose resignation was...

Genesco Announces Appointment Of Interim Chief Financial Officer

NASHVILLE, Tenn., Nov. 19, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the third quarter fiscal 2021 on December 4, 2020, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (central) the same day....

Genesco Inc. to Report Third Quarter Fiscal 2021 Results and Hold Conference Call on December 4, 2020

Genesco (GCO) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.

Genesco (GCO) in Focus: Stock Moves 5.9% Higher

NASHVILLE, Tenn., Nov. 2, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that Melvin G. Tucker, senior vice president and chief financial officer, has resigned his position, effective November 27, 2020, in order to pursue an opportunity outside of the Company, and will...

Genesco Announces Departure Of Chief Financial Officer

NASHVILLE, Tenn., Oct. 28, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that John F. Lambros has been appointed to its board of directors, effective today. Lambros is president of GCA-U.S., a global investment bank. He serves as the head of GCA's digital media banking...

Genesco Inc. Appoints John F. Lambros To Board of Directors

NASHVILLE, Tenn., Sept. 11, 2020 /PRNewswire/ -- Genesco Inc.

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