GCO - Why Specialty Retailer Genesco Shares Are Tumbling Today | Benzinga

Genesco Inc (NYSE: GCO) company shares are trading lower after it reported weak comparable sales and lowered FY24 outlook.

Comparable sales, including stores and direct sales, fell 4% for the quarter-to-date period ending December 30, 2023. 

Same-store sales were down 6%, and sales for the company's e-commerce businesses rose 3% on a comparable basis for that period. 

Also, the company lowered FY24 adjusted EPS to $0.65-$0.85 (vs. $1.73 estimate) Full story available on Benzinga.com