Genesco (GCO) Tops Q2 EPS by 7c; Comps Show Surprise Drop; FY16 EPS Outlook Cut

Genesco (NYSE: GCO) reported Q2 EPS of $0.34, $0.07 better than the analyst estimate of $0.27. Revenue for the quarter came in at $625.6 million versus the consensus estimate of $642.53 million.

Comps fell 1 percent, versus expectations of a 1 percent increase.

GUIDANCE:

Genesco sees FY2017 EPS of $3.80-$4.00, versus prior guidance of $4.80-$4.90 and the consensus of $4.91.

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

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