Genesco, Inc. formally opened its new headquarters in its hometown of Nashville, TN, on November 3.
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EXEC: Shares of Genesco Tumble On Lowered Outlook
Shares of Genesco, Inc. lost about 17 percent of their value on Thursday after the parent of Journeys slashed its outlook for the second half due to a sales slowdown in the latter part of the quarter at the Journeys chain amid inflationary pressures. Mimi Vaughn, Genesco’s CEO, told analysts, “We are seeing customers come out and shop when there is a reason to buy and retreat to conserve cash during the in-between period.”
Genesco Reduces Outlook Despite Q2 EPS Exceeding Expectations
Genesco, Inc. reported second-quarter earnings that came in well above analyst expectations but reduced its guidance for the year as sales at Journeys slowed toward the end of the quarter and into August, as well as due to inflationary concerns.
Genesco Appoints Board Member
Genesco, Inc. announced that the independent directors of the Genesco Board unanimously selected Gregory A. Sandfort as its lead independent director, effective June 23, 2022.
Genesco Overcomes Journeys’ Inventory Challenges To Deliver Q1 Beat
Genesco Inc.’s first-quarter earnings came in well above Wall Street estimates as a rebound in its Schuh and branded businesses helped offset inventory shortages faced by its flagship Journeys chain. Mimi Vaughn, Genesco president and CEO, told analysts, “I’ve been describing the current fashion cycle as shifting away from fashion athletics more into casual, which plays into Journeys’ strength.”
Genesco Tops EPS Expectations In First Quarter
Genesco, Inc., the parent of Journeys, reaffirmed its guidance for the year after reporting that first-quarter earnings surpassed Wall Street estimates.
Inside The Call: Genesco’s Q4 Profits Boosted By Full-Price Selling
Fueled by full-price selling and a recovery in in-store shopping, Genesco, Inc. reported fourth-quarter earnings that came in easily ahead of Wall Street’s targets. For the year, double-digit sales growth and record profitability were seen for its footwear companies, led by Journeys.
Genesco’s Q4 Earnings Surpass Expectations On In-Store Sales Recovery
Genesco, Inc. reported fourth-quarter earnings on an adjusted basis easily topped Wall Street expectations with a boost from full-price selling and strong in-store sales at Journeys and its other banners. Sales increased 14 percent year-over-year and 7 percent compared to two years ago.
Genesco Announces Share Buyback Plan
Genesco, Inc. announced that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.
Genesco’s Q4 Sales Through December 25 Climb 18 Percent
Genesco, Inc. announced that total overall sales increased by 18 percent and 9 percent for the quarter-to-date period ended December 25, 2021 versus the same period for fiscal 2021 and fiscal 2020, respectively.
Genesco Signs U.S. License For Etonic Footwear
Genesco Inc. has signed a new three-year licensing agreement with heritage-running brand Etonic to be its exclusive U.S. and Canadian footwear licensee.
Inside The Call: Genesco’s Q3 Boosted By Strong BTS, In-Store Shopping Bounce-Back
Powered by a robust back-to-school (BTS) season and scant markdowns at its flagship Journeys chain, Genesco Inc. reported third-quarter earnings that came in well ahead of Wall Street’s targets and offered a bullish outlook for the year. Mimi Vaughn, Genesco’s CEO, told analysts, “The current fashion cycle, which I’ve been describing as shifting more into casual, plays into Journeys strength with a nicely diversified assortment.”
Genesco’s Q3 Revenues Expand 25 Percent
Genesco Inc. reported sales net income gained 69 percent in the third quarter. Net sales increased 25 percent from last year and grew 12 percent over the third quarter two years ago. Results were well ahead of Wall Street’s targets.
Genesco Names Chief Financial Officer
Genesco Inc. announced that Thomas A. George has been named senior vice president, finance, and chief financial officer. elevating his role from the interim position he has held since December 2020.
Iconix Brand Group Reaches Deal With Genesco To Create Starter Footwear
Iconix Brand Group Inc. has signed a new three-year licensing agreement with Genesco, Inc. to be the exclusive U.S. and Canadian footwear licensee for Starter.