
Genesco (GCO) Stock Forecast & Price Target
Genesco (GCO) Analyst Ratings
Bulls say
Genesco Inc. has raised its FY26 topline outlook, projecting total sales growth of 3%-4% and comp sales growth of 4%-5%, indicating a significant increase from previous forecasts. Management is reportedly pleased with early results, which show a remarkable ~25% increase in comp sales due to improved store traffic, conversion rates, and transaction sizes. Additionally, the Journeys segment has demonstrated positive momentum, with comp sales up and total revenues for 2Q reaching $546 million, outperforming analyst expectations and reflecting approximately 4% year-over-year growth.
Bears say
Genesco Inc. is facing significant challenges, including a projected contraction in gross margins (GMs) of 50 to 70 basis points for the third quarter, which is markedly below previous forecasts of flat GMs year-over-year. The company has also revised its expectations for fiscal year 2026, now anticipating a decline in GMs of 50 to 60 basis points, an unfavorable adjustment from earlier estimates. Additionally, the Schuh Group is grappling with industry-wide traffic and promotional headwinds in the UK, compounded by weakening consumer spending trends linked to broader economic pressures and rising prices.
This aggregate rating is based on analysts' research of Genesco and is not a guaranteed prediction by Public.com or investment advice.
Genesco (GCO) Analyst Forecast & Price Prediction
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