Genesco, Inc. (GCO) Tops Q3 EPS by 5c; Comps Down 1%; Lowers Outlook

Genesco, Inc. (NYSE: GCO) reported Q3 EPS of $1.43, $0.05 better than the analyst estimate of $1.38. Revenue for the quarter came in at $666.3 million versus the consensus estimate of $662.57 million.

Comparable store sales in the third quarter of Fiscal 2014 decreased by 1% for the Company, with a 5% increase in the Lids Sports Group, a 2% decrease in the Journeys Group, a 10% decrease in the Schuh Group, and a 7% increase in the Johnston & Murphy Group.

The company now sees FY14 adjusted diluted earnings per share to be in the range of $5.10 to $5.20, versus expectations calling for EPS of $5.20.

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

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