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GCO - Genesco's FQ1 declining sales mitigated by gains in e-commerce
Genesco Inc.
2024-05-31 07:40:42 ET
Genesco ( NYSE: GCO ) shares are getting a lift in premarket following the release of Q1 results that were not as bad as Wall Street expected as solid comparable store sales in the e-commerce segment -- which now represents 23% of total sales versus 21% in the same quarter last year – helped offset declining sales in the company’s shoe division. Shares are also underpinned by top-line FY25 earnings guidance which exceeded Wall Street’s expectations....