Genesco (GCO) Tops Q3 EPS by 39c, Offers Guidance

Genesco (NYSE: GCO) reported Q3 EPS of $0.61, $0.39 better than the analyst estimate of $0.22. Revenue for the quarter came in at $596.3 million versus the consensus estimate of $573.36 million.

GUIDANCE:

Genesco sees FY2025 EPS of $0.80-$1.00, versus the consensus of $0.76.

For Fiscal 2025, the Company:

• Now expects total sales to be down 1% to flat compared to Fiscal 2024, or flat to up 1% excluding the 53rd week in Fiscal 2024 versus prior expectations for a total sales decrease of 1% to 2%, or flat to down 1% excluding the 53rd week in Fiscal 2024
• Now expects adjusted diluted earnings per share from continuing operations in the range of $0.80 to $1.00 versus prior guidance of $0.60 to $1.002
• Guidance assumes no further share repurchases and a tax rate of 27%

For earnings history and earnings-related data on Genesco (GCO) click here.

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