Genesco (GCO) Tops Q1 EPS by 53c
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GENESCO INC. REPORTS FISCAL 2023 FIRST QUARTER RESULTS
May 26, 2022 6:50 AM EDT-- Profitability Exceeds Expectations --
-- Reaffirms Fiscal 2023 Outlook --
First Quarter Fiscal 2023 Financial Summary
Net sales of $521 million, a decrease of 3% from last year and an increase of 5% over Q1FY20 with 90 fewer stores compared with three years agoGross margin increased 50 basis points over last yearGAAP operating income decreased 47% from last year and down 9% over Q1FY20Non-GAAP operating income decreased 50% from last year and increased 14% over Q1FY20E-commerce sales decreased 29% from last year and increased... More