Genesco Inc (GCO) posted net sales for the third quarter of $713 million, down 1% — falling short of analyst estimates. Comparable sales rose 4%, with stores sales up 4% and direct sales up 9%. Direct-to-consumer sales were 11% of total retail sales for the quarter.
GAAP earnings from continuing operations were $14.5 million in the quarter, compared to a loss of $164.8 million in the third quarter last year.
Net earnings was $14.4 million or $0.73 per diluted share, missing Street estimates of $0.86 per share.
Last quarter, Genesco beat market expectations on revenue and earnings. Net sales then soared 6% to $654 million while, total comparable sales rose 3%, reflecting the highest gain in over two years.
For fiscal 2019, Genesco narrowed its outlook, and now expects comparable sales to be up 2-3%, and adjusted diluted earnings per share of $3.10-3.40.
Get access to timely and accurate verbatim transcripts that are published within hours of the event.
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
