Genesco (GCO) Tops Q2 EPS by 30c; Lowers FY Outlook

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Go back to Genesco (GCO) Tops Q2 EPS by 30c; Lowers FY Outlook

GENESCO INC. REPORTS FISCAL 2023 SECOND QUARTER RESULTS

September 1, 2022 6:50 AM EDT

--Revenue and Operating Income Well Exceed Pre-Pandemic Levels-- --EPS Surpasses Expectations--

Second Quarter Fiscal 2023 Financial Summary

Net sales of $535 million, a decrease of 4% from last year and an increase of 10% over Q2FY20Excluding the impact of lower exchange rates, net sales decreased 1% for Q2FY23 compared to Q2FY22Gross margin meets expectationsE-commerce sales represented 18% of retail sales this year versus 19% of retail sales last year and 10% of retail sales in Q2FY20GAAP EPS from continuing operations was $0.59... More