GCO - Why Specialty Retailer Genesco Shares Are Diving Today | Benzinga
Genesco Inc (NYSE: GCO) shares are trading lower by over 15% after it reported Q3 FY24 results.
Net sales fell 4% Y/Y to $579.3 million, missing the consensus of $583.0 million due to decreased store sales in Journeys Group and wholesale sales in Genesco Brands Group, partially negated by an 8% increase in e-commerce comparable sales and a favorable foreign exchange impact.
By brands, sales fell 8% Y/Y at Journeys and 22% at Genesco, partially offset by an increase of 13% at Schuh and 2% ...