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0 0.00515365527772482 0.00515365527772482 0.00439015079213598 0.00706241649169698 0.00209963733536933 -0.0118343195266272 -0.0162244703187631
Stock impact report

Genesco Q2 Loss Narrower Than Expected, Comparable Sales Fall 2% [Yahoo! Finance]

Genesco Inc. (GCO) 
Last genesco inc. earnings: 3/12 06:50 am Check Earnings Report
US:NYSE Investor Relations: genesco.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
Quarterly results benefited from improved Journeys business and diversified product assortment. The Journeys business gained from the early back-to-school demand, which boosted comparable sales (comps). Its cost-saving program is on track to achieve a reduction in the range of $45-$50 million in the annualized run rate by the end of fiscal 2025. Shares of this Zacks Rank #1 (Strong Buy) company have risen 2.5% in the past six months against the industry's 4.6% decline. GCO's Quarterly Performance This retailer of branded footwear and accessories posted an adjusted quarterly loss of 83 cents per share, which outperformed the Zacks Consensus Estimate of a loss of $1.12 per share. Also, the bottom-line figure was narrower than the loss per share of 85 cents in the year-earlier quarter. Net sales of the company inched up 0.4% to $525.2 million and beat the Zacks Consensus Estimate of $512 million. The year-over-year increase in the top line includes nearly $20-$25 million owing to Show less Read more
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