GCO - Why Branded Footwear Retailer Genesco's Shares Are Tumbling Today | Benzinga
Genesco Inc (NYSE:GCO) shares are plummeting after reporting fourth-quarter FY24 sales growth of 2% year-on-year to $738.95 million, beating the analyst consensus estimate of $705.66 million.
Excluding the 14th week, sales would have decreased 2% for the fourth quarter of fiscal 2024. Total comparable sales declined 4%.
Overall sales dropped 2% at Journeys, grew 6% at Schuh, up 9% at Johnston & Murphy, and increased 24% at Genesco Brands.
Adjusted EPS of $2.59 missed the ...