Welcome to our dedicated page for Genesco news (Ticker: GCO), a resource for investors and traders seeking the latest updates and insights on Genesco stock.
Genesco Inc. (symbol: GCO) is a specialty retailer based in Nashville, Tennessee, known for its extensive collection of footwear, headwear, sports apparel, and accessories. The company operates over 2,455 retail stores across the United States, Canada, the United Kingdom, and the Republic of Ireland. Key retail banners include Journeys, Journeys Kidz, Schuh, Lids, Locker Room by Lids, and Johnston & Murphy.
Genesco's diverse portfolio is divided into four main segments:
- Journeys Group: This segment, which generates the highest revenue, encompasses Journeys, Journeys Kidz, and Little Burgundy retail chains, alongside their e-commerce operations and catalogs.
- Schuh Group: Comprising the Schuh retail footwear chain and its online presence, this segment serves as a key driver for the company.
- Johnston & Murphy Group: Known for its premium retail operations and wholesale distribution under the Johnston & Murphy and Genesco brands, this segment also includes their e-commerce platforms and catalog business.
- Licensed Brands: This segment features Dockers Footwear, under license from Levi Strauss & Co., as well as SureGrip and other brand names.
Genesco also operates various e-commerce websites, including www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundbyjourneys.com, www.schuh.co.uk, www.johnstonmurphy.com, www.lids.com, www.lids.ca, www.lidslockerroom.com, www.lidsteamsports.com, and www.lidsclubhouse.com. The company also sells wholesale footwear under the Johnston & Murphy, Dockers, and SureGrip brands and operates the Lids Team Sports team dealer business.
In recent years, Genesco has focused on expanding its digital footprint and enhancing customer experiences through various innovation initiatives. Their strategic growth includes both organic development and acquisitions aimed at broadening their market reach and gaining a competitive edge.
For more detailed information on Genesco Inc. and its various operating divisions, visit their official website at www.genesco.com.
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) reported record sales for Schuh and Johnston & Murphy in FY24, with sequential comp improvement at Journeys. E-commerce sales increased 5% in Q4. However, net sales decreased by 2.5% in FY24, with comps down 4%. GAAP EPS from continuing operations was $1.84 in Q4, but ($2.10) for FY24. Non-GAAP EPS was $2.59 in Q4 and $0.561 for FY24.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.5%
Tags
-
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) will release its Q4 fiscal 2024 results on March 8, 2024, with an earnings conference call scheduled for the same day. Investors can access the live webcast and an audio archive of the call on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
-
Rhea-AI Summary
Johnston & Murphy, a premium footwear, apparel, and accessories brand, has selected Wolfgang, a Stagwell company (NASDAQ: STGW), as its new creative agency. The decision was based on team chemistry, creative excellence, and category experience. Wolfgang aims to modernize the brand while respecting its heritage. Jason Dasal, SVP of Marketing & Ecommerce at Johnston & Murphy, praised Wolfgang's positive energy and strategic approach. The Wolfgang team has prior experience in footwear, fashion, and retail, working with brands like adidas and Uniqlo.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.94%
Tags
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) reported a 4% decrease in comparable sales for the quarter-to-date period ended December 30, 2023. The company's e-commerce sales increased by 3%, while same store sales decreased by 6%. The CEO anticipates fiscal 2024 adjusted EPS to be in the range of $0.65-$0.85, significantly lower than the previous expectation of $1.50-$2.00. Genesco will be presenting at the 2024 ICR Conference on January 8, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.09%
Tags
-
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) appoints Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024, replacing Pete Hicks. Santaella brings over three decades of experience from Foot Locker and will lead Journeys’ buying, merchandising, planning, and product strategies to elevate and evolve the business for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.48%
Tags
-
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) to Present at 2024 ICR Conference on January 8, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.93%
Tags
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) reported Q3FY24 financial results with net sales of $579 million, down 4% YoY. GAAP EPS from continuing operations was $0.60 vs. $1.66 last year. The company's strategic initiatives aim to drive progress in the near term and create long-term value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-16.08%
Tags
-
Rhea-AI Summary
Genesco Inc. (GCO) appoints Andy Gray as the new President of the Journeys Group, effective January 3, 2024. Gray brings extensive expertise in athletic and fashion footwear, having served as Global President at Foot Locker, Inc. His appointment aims to drive strategic growth for Journeys, building on its leading position in teen fashion footwear retail and brand mission of celebrating self-expression inspired by youth culture.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.12%
Tags
-
News
Rhea-AI Summary
Genesco Inc. (NYSE: GCO) to report Q3 fiscal 2024 results on December 1, 2023, before market opens. Earnings conference call at 7:30 a.m. (Central Time) on the same day. Live webcast and audio archive available at company's investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.24%
Tags
Rhea-AI Summary
Genesco Inc. reports Q2 2024 results with net sales of $523 million, a decrease of 2% compared to Q2 2023. E-commerce sales represented 21% of retail sales. Gross margin improved 20 basis points. GAAP EPS was ($2.79) vs. $0.59 last year. The company repurchased $22.9 million of stock during Q2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.56%
Tags
FAQ
What is the current stock price of Genesco (GCO)?
The current stock price of Genesco (GCO) is $28.86 as of November 20, 2024.
What is the market cap of Genesco (GCO)?
The market cap of Genesco (GCO) is approximately 319.0M.
What does Genesco Inc. specialize in?
Genesco Inc. specializes in selling footwear, headwear, sports apparel, and accessories across various retail and e-commerce platforms.
Where is Genesco Inc. headquartered?
Genesco Inc. is headquartered in Nashville, Tennessee.
How many retail stores does Genesco operate?
Genesco operates over 2,455 retail stores in the U.S., Canada, the U.K., and the Republic of Ireland.
What are the main segments of Genesco Inc.?
The main segments of Genesco Inc. are Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands.
Which segment generates the most revenue for Genesco?
The Journeys Group generates the most revenue for Genesco.
What brands does Genesco operate under?
Genesco operates under brands such as Journeys, Journeys Kidz, Schuh, Lids, Locker Room by Lids, and Johnston & Murphy.
Does Genesco have an online presence?
Yes, Genesco operates multiple e-commerce websites including journeys.com, schuh.co.uk, johnstonmurphy.com, and lids.com.
What recent initiatives has Genesco undertaken?
Genesco has focused on expanding its digital footprint and enhancing customer experiences through innovation and strategic acquisitions.
Can I find more information about Genesco's divisions?
Yes, detailed information about Genesco's divisions can be found on their official website at www.genesco.com.
What licensed brands does Genesco sell?
Genesco sells licensed brands such as Dockers Footwear under a license from Levi Strauss & Co.
Genesco Inc.
NYSE:GCO
GCO Rankings
GCO Stock Data
319.00M
10.27M
8.37%
92.57%
4.72%
Apparel Retail
Retail-shoe Stores
United States of America
NASHVILLE