Genesco (GCO) SSS Up 1% Y/Y; e-Commerce and Catalog Business Up 24% QTD

Genesco Inc. (NYSE: GCO) announced today that same store sales for the quarter-to-date period ended January 9, 2010, were up 1% from the equivalent period last year, when same store sales were down 4%. Sales for the Company's e-commerce and catalog direct sales businesses increased 24% in the quarter-to-date period ended January 9, 2010. Same store sales changes for each retail segment for the period were as follows:

• Journeys Group - (2%);
  
  
• Underground Station Group - 0%;
  
  
• Hat World Group - 7%;
  
  
• Johnston & Murphy Group - 1%; and
  
  
• Total Genesco - 1%.

The Company said that it remains comfortable with its previously announced earnings expectation of $1.07 to $1.13 per diluted share for the fiscal year ending January 30, 2010. Consensus sees an EPS of $1.12. Final fourth quarter earnings will depend on same store sales for the balance of the quarter and quarter-end accounting adjustments, among other factors.

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