Genesco (GCO) Comps Up 13% QTD in December; Boosts Q4, FY11 EPS outlook

Genesco Inc. (NYSE: GCO) reports same-store sales rose 13 percent in December

Based on the stronger than expected sales for the quarter to date, the Company has increased its adjusted earnings per diluted share expectations to a range of $1.63 to $1.68 for the fourth quarter and $3.74 to $3.79 for the fiscal year ending January 28, 2012. The Company's most recent previously announced earnings expectations were in the range of $1.53 to $1.58 per diluted share for the fourth quarter and $3.64 to $3.69 for the fiscal year.

The Street sees Q4 EPS of $1.60 and FY11 EPS of $3.71.

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