Genesco (GCO) Misses Q3 EPS by 26c; Lowers Outlook

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Go back to Genesco (GCO) Misses Q3 EPS by 26c; Lowers Outlook

Genesco Inc. Reports Fiscal 2024 Third Quarter Results

December 1, 2023 6:50 AM EST

NASHVILLE, Tenn.--(BUSINESS WIRE)-- Genesco Inc. (NYSE: GCO) today reported third quarter results for the three months ended October 28, 2023.

Third Quarter Fiscal 2024 Financial Summary

Net sales of $579 million decreased 4% compared to Q3FY23 Comps down 4%, with stores down 7% and direct up 8% E-commerce sales represented 21% of retail sales compared to 18% last year GAAP EPS from continuing operations was $0.60 vs. $1.66 last year Non-GAAP EPS from continuing operations was $0.571 vs. $1.65 last year

Mimi E. Vaughn, Genescos Board Chair, President and Chief Executive Officer,... More