Genesco (GCO) Tops Q4 EPS by 37c, Sales Slightly Lower; Guides In-Line
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Genesco Reports Fourth Quarter Fiscal 2017 Results
March 10, 2017 6:54 AM ESTNASHVILLE, Tenn., March 10, 2017 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today reported earnings from continuing operations for the fourth quarter ended January 28, 2017, of $46.8 million, or $2.40 per diluted share, compared to earnings from continuing operations of $45.0 million, or $2.07 per diluted share, for the fourth quarter ended January 30, 2016. Fiscal 2017 fourth quarter results reflect a pretax gain of $9.2 million, or $0.25 per diluted share after tax, including a gain on the sale of SureGrip Footwear of $12.3 million and a gain of $0.8 million on other legal matters, partially offset by $3.9 million of asset impairment charges, pension settlement... More
