Genesco Reports Third Quarter Fiscal 2016 Results

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Go back to Genesco Reports Third Quarter Fiscal 2016 Results

Genesco (GCO) Tops Q3 EPS by 13c

December 4, 2015 7:11 AM EST

Genesco (NYSE: GCO) reported Q3 EPS of $1.43, $0.13 better than the analyst estimate of $1.30. Revenue for the quarter came in at $774 million versus the consensus estimate of $760.4 million.

Robert J. Dennis, chairman, president and chief executive officer of Genesco, said, "We are very pleased with the comparable sales increase we delivered in the third quarter. Our results were driven by strong full price selling combined with higher promotional activity in line with our strategy to right size the Lids Sports Group's inventory levels. The pressure on gross... More