Genesco

Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment contains the Journeys, Journeys Kidz, Shi by Journeys and Little Burgundy retail stores, catalog and e-commerce operations. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group segment covers Johnston & Murphy retail operations, e-commerce and catalog operations, and wholesale distribution. The Licensed Brands segment consists of Dockers Footwear, sourced and marketed under a license from Levi Strauss & Company, SureGrip Footwear, occupational footwear primarily sold directly to consumers and other footwear brands. The company was founded in 1924 and is headquartered in Nashville, TN.

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Genesco, Inc. engages in sourcing and design, marketing, and distribution of footwear, apparel, and accessories. It operates through the following business segments: Journeys Group, Schuh Group, Johnston and Murphy Group, and Genesco Brands Group. The Journeys Group segment operates the Journeys, Journeys Kidz, and Little Burgundy retail stores retail footwear chain. The Schuh Group segment includes the Schuh retail footwear chain and e-commerce operations. The Johnston and Murphy Group segment operates the wholesale distribution of products under the Johnston and Murphy brand. The Genesco Brands Group segment is involved in licensed Dockers, Levi's, and G.H. Bass brands. The company was founded in 1924 and is headquartered in Nashville, TN.

Genesco shares plunged nearly 20% Friday afternoon after the company posted a significant year-over-year profit decline.  The footwear retail reported earnings of $6.5 million, $0.60 per share, compared to $20.4 million, $1.66 per share, in the year-ago quarter.

Genesco shares lose significant traction on 3Q earnings drop

Genesco Inc. (NYSE:GCO ) Q3 2024 Earnings Conference Call December 1, 2023 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A Mimi Vaughn - Board Chair, President and CEO Thomas George - CFO Conference Call Participants Mitchel Kummetz - Seaport Research Mantero Moreno-Cheek - Jefferies Operator Good day, everyone, and welcome to Genesco's Third Quarter Fiscal 2024 Conference Call. Just a reminder, today's call is being recorded.

Genesco Inc. (GCO) Q3 2024 Earnings Call Transcript

Genesco (GCO) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $1.65 per share a year ago.

Genesco (GCO) Misses Q3 Earnings and Revenue Estimates

NASHVILLE, Tenn.--(BUSINESS WIRE)--GENESCO INC. REPORTS FISCAL 2024 THIRD QUARTER RESULTS.

Genesco Inc. Reports Fiscal 2024 Third Quarter Results

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Genesco (GCO) Stock?

Genesco (GCO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Genesco (GCO) a New Strong Buy Stock

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NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco announced the appointment of Andy Gray as the new President of the Journeys Group.

Genesco Names Andy Gray President of the Journeys Group

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NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that the Company will report results for the third quarter fiscal 2024 on December 1, 2023, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central Time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.

Genesco to Report Third Quarter Fiscal 2024 Results and Hold Conference Call on December 1, 2023

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Genesco (GCO) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.

Genesco (GCO) Shows Fast-paced Momentum But Is Still a Bargain Stock

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Genesco (GCO) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Here Is Why Bargain Hunters Would Love Fast-paced Mover Genesco (GCO)

The company's revenue decreased by 2.3% YoY, while adj. operating loss (% of revenue) reached 1.9%. The decrease in growth rates and profitability in the main segment (Journeys Group) continues to have a negative impact on the consolidated financial results. I expect the company's financials to continue to be under pressure in the coming quarters, while the stock valuation no longer looks cheap.

Genesco: Promising Initiatives, But Upside Is Limited

Genesco Inc. (NYSE:GCO ) Q2 2024 Earnings Conference Call August 31, 2023 8:30 AM ET Company Participants Darryl MacQuarrie - Senior Director of FP&A Mimi Vaughn - Board Chair, President & CEO Thomas George - CFO Conference Call Participants Mitch Kummetz - Seaport Research Corey Tarlowe - Jefferies Operator Good day, everyone, and welcome to Genesco's Second Quarter Fiscal 2024 Conference Call. Just a reminder, today's call is being recorded.

Genesco Inc. (GCO) Q2 2024 Earnings Call Transcript

Revenue declined, and Genesco posted a loss but still beat expectations. The company raised its revenue guidance for the full year.

Why Genesco Stock Jumped Today

Genesco (GCO) came out with a quarterly loss of $0.85 per share versus the Zacks Consensus Estimate of a loss of $1.23. This compares to earnings of $0.59 per share a year ago.

Genesco (GCO) Reports Q2 Loss, Tops Revenue Estimates

NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today reported second quarter results for the three months ended July 29, 2023.

Genesco Inc. Reports Fiscal 2024 Second Quarter Results

NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco announced today the planned retirement of Journeys President Mario Gallione at the end of its fiscal year, expected effective date of Feb 24.

Genesco Announces Journeys Group President Mario Gallione to Retire in February 2024

NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco will report its Q2FY24 results on Aug. 31, 2023, before market, and hold its quarterly conference call at 7:30 a.m. (Central) the same day.

Genesco to Report Second Quarter Fiscal 2024 Results and Hold Conference Call on August 31, 2023

Genesco (GCO) reinforces its commitment to enhancing shareholder value with a $50 million increase in share repurchase authorization.

Genesco (GCO) Boosts Share Repurchase Program to Drive Returns

NASHVILLE, Tenn.--(BUSINESS WIRE)--Genesco announced today that its board of directors has authorized a $50 million increase to its existing $200 million share repurchase authorization.

Genesco Announces $50 Million Increase to Its Share Repurchase Authorization

GCO is a beaten-down shoe retailer, which has been facing decreased consumer demand and inventory buildup severely reducing recent cash generation. Despite these negative trends, the company is shareholder-friendly and appears able to survive an economic downturn, given its available liquidity. The company appears to be trading at a steep discount to our $530 million conservative estimate of fair value, indicating current prices offer a high margin of safety.

Genesco: Is It Too Soon To Buy This Cyclical?

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News for Genesco Stock (GCO)