Genesco Inc. Reports Fiscal 2021 Fourth Quarter And Full Year Results

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Go back to Genesco Inc. Reports Fiscal 2021 Fourth Quarter And Full Year Results

Genesco (GCO) Tops Q4 EPS by 80c, Revenues Beat

March 11, 2021 6:52 AM EST

Genesco (NYSE: GCO) reported Q4 EPS of $2.76, $0.80 better than the analyst estimate of $1.96. Revenue for the quarter came in at $637 million versus the consensus estimate of $617.55 million.

Fourth Quarter Fiscal 2021 Financial Summary

Net sales decreased 6% from last year to $637 million with stores open about 90% of daysComparable sales increased 1%Highlighted by strong 55% e-commerce comp growthJourneys achieves record operating incomeInventory down 20%GAAP EPS from continuing operations was $6.20Non-GAAP EPS from continuing operations was $2.761

Mimi E. Vaughn, Genesco board chair, president and chief executive... More