Categories Earnings, Retail

Earnings: Retailer Genesco slips to loss in the fourth quarter

Genesco Inc. (NYSE: GCO) reports results for the fourth quarter of 2019 on March 14, 2019, before the market opens. Net sales from continuing operations slipped 2% in the quarter to $675 million from $689 million in the fourth quarter of fiscal 2018. If the extra week’s revenue from last year’s 14-week quarter and the impact of lower exchange rates this year were excluded, revenue was up 4%.

Net loss for the three-month period was $3.29 per diluted share, compared to a profit of $2.90 per share last year.

Comparable sales from continuing operations fell 4%, with stores up 3% and direct up 10%.

GAAP earnings from continuing operations fell to $29.7 million, from last year’s $48.4 million Adjusted earnings from continuing operations grew to $42.4 million from $35.7 million a year ago.

 

 

 

Earnings Calendar: Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results

Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew

Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results

Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter

McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings

Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top