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Stock impact report

Genesco Inc. Reports Fiscal 2025 Second Quarter Results

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: Business Wire
Financial Performance Exceeds Expectations, Driven by JourneysReaffirms Fiscal 2025 EPS Outlook NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today reported second quarter results for the three months ended August 3, 2024.Second Quarter Fiscal 2025 Financial SummaryTotal net sales increased to $525 million; comparable sales decreased 2%Comparable e-commerce sales increased 8%; comparable store sales decreased 4%E-commerce sales represented 22% of retail sales compared to 21% last yearGAAP EPS was ($0.91) and Non-GAAP EPS was ($0.83)1Inventory decreased 8% year-over-yearRepurchased $9.3 million of stock with $42.8 million remaining on the expanded share repurchase authorization announced in June 2023Increases fiscal 2025 sales and reaffirms EPS outlookMimi E. Vaughn, Genesco’s Board Chair, President and Chief Executive Officer, said, “We delivered another quarter that surpassed our top- and bottom-line expectations, as the improvement in our Journeys business continues Show less Read more
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