Genesco Reports Third Quarter Fiscal 2017 Results

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Go back to Genesco Reports Third Quarter Fiscal 2017 Results

Genesco (GCO) Tops Q3 EPS Views, Sales Light

December 2, 2016 6:59 AM EST

Genesco (NYSE: GCO) reported Q3 EPS of $1.28, $1.19 better than the analyst estimate of $0.09. Revenue for the quarter came in at $711 million versus the consensus estimate of $716.89 million.

Net sales for the third quarter of Fiscal 2017 decreased 8% to $711 million from $774 million in the third quarter of Fiscal 2016, reflecting the sale of the Lids Team Sports business in the fourth quarter of last year and a decrease of approximately 3% in sales from businesses operated during both periods. Consolidated third quarter 2017 comparable sales, including same store sales and comparable e-commerce and catalog sales, decreased 3%, with an... More