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 (GCO) is a leading specialty retailer operating multiple footwear and apparel brands through integrated physical/digital channels. This news hub provides investors and industry professionals with centralized access to official corporate communications and market developments.
Track strategic updates across the company's Journeys, Schuh, and Johnston & Murphy divisions, including quarterly earnings disclosures, leadership announcements, and partnership developments. Our curated feed ensures timely access to filings, product launches, and operational changes impacting this NYSE-listed retailer.
Key updates include earnings call transcripts, SEC filings, store expansion plans, and e-commerce initiatives. Bookmark this page for real-time monitoring of Genesco's position in the competitive footwear and accessories market. Check regularly for verified updates on inventory strategies, brand licensing deals, and omnichannel retail innovations.
Genesco Inc. (NYSE: GCO) will present at the 2022 ICR Conference on January 10, 2022, starting at 9:00 a.m. Eastern time. The presentation will be accessible via a webcast on Genesco's investor relations page. Genesco, based in Nashville, operates over 1,430 retail stores across the U.S., Canada, the UK, and the Republic of Ireland, offering footwear and accessories under various brand names, including Journeys and Johnston & Murphy. The company emphasizes diversity, equity, and environmental stewardship.
Genesco Inc. (NYSE: GCO) has entered a three-year licensing agreement with Etonic, becoming the exclusive U.S. and Canadian footwear licensee. This partnership includes two renewal options, potentially extending the agreement until January 2030. Etonic aims to capitalize on its brand heritage and growing sneaker culture, with Genesco set to design footwear priced between $50 and $110. The new collection is expected to launch in Fall 2022, highlighting Genesco's expansion into the retro/heritage footwear segment.
Genesco reported a strong third quarter for Fiscal 2022 with net sales up 25% year-over-year to $601 million. Both GAAP and non-GAAP operating income surged by 69% compared to two years ago. The company's GAAP EPS rose to $2.26 from $0.52 last year, while non-GAAP EPS reached $2.36 compared to $0.85 last year. E-commerce sales soared by 79% over the last two years. Genesco anticipates FY2022 adjusted EPS between $6.40 and $6.90, indicating a 45% growth compared to pre-pandemic levels.
Genesco Inc. (NYSE: GCO) will report its third quarter fiscal 2022 results on December 3, 2021, before the market opens, followed by a conference call at 7:30 a.m. (central). The audio webcast of the call will be accessible on the company’s website, along with an archive available for one year. Genesco operates over 1,435 retail stores across North America and the UK, selling footwear and accessories under various brands including Journeys and Johnston & Murphy. For more information, visit www.genesco.com.
Genesco Inc. (NYSE: GCO) has appointed Thomas A. George as the new Chief Financial Officer, effective October 20, 2021. Previously serving as interim CFO since December 2020, George brings extensive financial experience from his tenure at Deckers Brands, where he significantly boosted revenue and market cap. His expertise will be crucial as Genesco focuses on digital growth and optimizing its cost structure. CEO Mimi E. Vaughn emphasized George's strategic insight and leadership as vital for enhancing shareholder value.
Genesco Inc. (NYSE: GCO) announced its participation in C.L. King's 19th Annual Best Ideas Conference on September 14, 2021. The management team's presentation will be accessible via a virtual fireside chat beginning at 11:00 a.m. Eastern time. Investors can tune in through Genesco's investor relations page. The company, headquartered in Nashville, operates over 1,435 stores across the U.S., Canada, the U.K., and Ireland, offering footwear and accessories under various brands. For additional information, visit www.genesco.com.
Genesco reported a stellar second quarter for Fiscal 2022, with net sales rising 42% to $555 million compared to last year. E-commerce surged by 97% and GAAP EPS from continuing operations improved to $0.74, compared to a loss of $1.33 last year. The company experienced a 336% increase in GAAP operating income versus two years ago. Operating margin rose to 3.8%, and inventories decreased by 11%. While guidance remains uncertain due to COVID-19's economic impact, the company's footwear strategy appears to be resonating well with consumers.
Genesco Inc. (NYSE: GCO) will release its second quarter fiscal 2022 results on September 2, 2021, before the market opens. A quarterly earnings conference call is scheduled for 7:30 a.m. (central) the same day. Investors can access a live audio webcast and an audio archive of the call on the company's website. Genesco, based in Nashville, operates over 1,455 retail stores across the U.S., Canada, the U.K., and the Republic of Ireland, offering various brands including Journeys and Johnston & Murphy.
On July 20, 2021, Genesco Inc. (NYSE: GCO) announced that shareholders overwhelmingly re-elected all nine nominees to the Board of Directors during its 2021 Annual Meeting. Matthew Diamond, Lead Independent Director, emphasized the support from shareholders following decisive actions aimed at strengthening the company's strategy and performance. CEO Mimi Vaughn expressed gratitude for shareholder insights and affirmed commitment to executing the footwear-focused strategy to drive growth and profitability. The vote results are pending certification by the Independent Inspector of Election.
Legion Partners Asset Management, owning approximately 5.9% of Genesco (NYSE: GCO), issued an open letter advocating for the election of four independent director nominees at the upcoming Annual Meeting on July 20, 2021. They believe adding these directors will modernize governance and enhance shareholder value. The candidates bring diverse retail experience and focus on long-term strategies to improve corporate culture, streamline operations, and boost growth. Glass Lewis has recommended electing two of the nominees, with Legion encouraging shareholders to vote for all four to maximize benefits.
