Genesco Inc. Reports Fiscal 2021 Second Quarter Results

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Go back to Genesco Inc. Reports Fiscal 2021 Second Quarter Results

Genesco (GCO) Tops Q2 EPS by 62c, Revenues Beat

September 3, 2020 6:52 AM EDT

Genesco (NYSE: GCO) reported Q2 EPS of ($1.23), $0.62 better than the analyst estimate of ($1.85). Revenue for the quarter came in at $391 million versus the consensus estimate of $369.29 million.

Second Quarter Fiscal 2021 Financial Summary

Net sales decreased 20% from last year to $391 million with stores open about 70% of daysRobust 144% e-commerce growthGenerated $74 million of operating cash flow

Mimi E. Vaughn, Genesco Board Chair, President and Chief Executive Officer, said, "The second quarter began with consumers enthusiastically returning to our physical... More