Genesco Inc. announced that comparable sales, including both stores and direct sales, increased by 3 percent for the quarter-to-date period ended December 24, 2022. The parent of Journeys now expects fiscal 2023 adjusted EPS to be at the low end of the most recent guidance range.
Results for "genesco"
We found 569 results for your search.
EXEC: Genesco Reduces FY Guidance On Inflationary, Promotional Pressures
Genesco, Inc.’s sales and margins topped expectations in the third quarter, but its full-year outlook was lowered as heightened promotional activity is now planned for the fourth quarter, particularly at the flagship Journeys chain. Mimi Vaughn, Genesco’s president and CEO, told analysts, “The consumer pressured by inflation is having to make harder choices on where they spend their money.”
Genesco Lowers FY Outlook On November Softening
Genesco, Inc.’s third-quarter results were slightly above Wall Street’s consensus estimates but the parent of Journeys reduced its guidance for the year due to a “sluggish start” in November and the impact of the inflationary environment.
Genesco Appoints Board Members
Genesco, Inc. appointed two independent directors, Matthew M. Bilunas, chief financial officer, Best Buy Co., Inc., and Carolyn Bojanowski, executive vice president of merchandising, Sephora USA, to Genesco’s Board of Directors, effective January 29, 2023, the beginning of its fiscal year.
Genesco Opens New Headquarters In Nashville
Genesco, Inc. formally opened its new headquarters in its hometown of Nashville, TN, on November 3.
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.
SGB Today
Active Lifestyle Market Product and Brand Marketing Stories from SGB PRO PR and SGB Premium PR Partners
Post your Product or Marketing News in the SGB PR Portal