Genesco Inc. - GCO STOCK NEWS

Genesco Inc. (NYSE: GCO) will report its second quarter fiscal 2024 results on August 31, 2023, before the market opens. The quarterly earnings conference call will be held at 7:30 a.m. (Central Daylight Time) on the same day. A live audio webcast of the conference call will be available on the Genesco website. An audio archive of the call will be accessible for up to one year. A summary of the second quarter results will also be posted on the Genesco website.

Journeys, the teen retail leader, has partnered with thredUP to offer a resale program called 'Journeys Second-Hand.' Customers can shop for secondhand apparel on Journeys' website and resell their gently-worn items for Journeys shopping credit. This program is powered by thredUP's Resale-as-a-Service® (RaaS®). Journeys is the first footwear retailer with an apparel-only resale site. The partnership aims to cater to Gen Z customers who are more likely to shop with brands that offer secondhand clothing. Journeys' Group President believes this program will add convenience and support sustainability efforts. Customers can find branded footwear and build a secondhand outfit on the Journeys website.

Genesco Inc. (NYSE: GCO) reported its fourth quarter and fiscal year results for January 28, 2023, noting a 5% increase in comparable sales and a 15% rise in e-commerce sales. Net sales were $725 million, flat year-over-year, while full-year sales decreased 2% to $2.4 billion. GAAP EPS from continuing operations was $3.23 for Q4, down from $4.41 last year. Fiscal 2024 guidance suggests adjusted EPS between $5.10 and $5.90, reflecting macroeconomic uncertainties. The company plans to reshape its cost structure to adapt to changing consumer behavior and expects a cautious outlook for the upcoming fiscal year.

Genesco Inc. (NYSE: GCO) announced it will report its fourth quarter fiscal 2023 results on March 9, 2023, before the market opens. A quarterly earnings conference call is scheduled for 7:30 a.m. (central) on the same day. Investors can access a live audio webcast and a summary of the results on the company’s website. Genesco operates over 1,400 retail stores across the U.S., Canada, the UK, and Ireland, selling footwear and accessories under various brands. The company is focused on enhancing its diversity, equity, and inclusion efforts, as well as its environmental, social, and governance initiatives.

Genesco Inc. (NYSE: GCO) reported a 3% increase in comparable sales for the quarter-to-date period ended December 24, 2022, with e-commerce sales up 22%. However, same store sales fell 2%, and the company expects fiscal 2023 adjusted EPS at the low end of the range of $5.50 to $5.90 due to higher shipping and warehouse expenses. During this quarter, the Schuh and Johnston & Murphy divisions excelled, while the Journeys segment lagged because of promotional pressures and weak traffic. Genesco will present at the 2023 ICR Conference on January 10, 2023.

Genesco Inc. (NYSE: GCO) announced that its management will present at the 2023 ICR Conference on January 10, 2023, at 10:00 a.m. (Eastern time). Interested parties can access the webcast via the company's investor relations page. Genesco, headquartered in Nashville, operates over 1,400 retail stores selling footwear and accessories in the U.S., Canada, U.K., and Republic of Ireland under various brand names including Journeys and Johnston & Murphy. The company is committed to diversity, equity, and inclusion, along with environmental, social, and governance principles.