Genesco Inc. said same store sales for the quarter-to-date period ended Jan. 9, 2010, were up 1% from the equivalent period last year, when same store sales were down 4%. Sales for the company's e-commerce and catalog direct sales businesses increased 24% in the quarter-to-date period ended Jan, 9, 2010. Same store sales changes for each retail segment for the period were as follows:
QTD (Jan. 9, 2010) | ||
Journeys Group | -2% | |
Underground Station Group | 0% | |
Hat World Group | 7% | |
Johnston & Murphy Group | 1% | |
Total Genesco | 1% |
The Company said that it remains comfortable with its previously announced earnings expectation of $1.07 to $1.13 per diluted share for the fourth quarter and $1.78 to $1.84 per diluted share for the fiscal year ending January 30, 2010. Final fourth quarter earnings will depend on same store sales for the balance of the quarter and quarter-end accounting adjustments, among other factors.
Genesco plans to announce its fourth quarter and fiscal year 2010 results on March 4, 2010
