Results for "genesco"

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, Inc. announced that its board of directors has authorized a $100 million increase to its existing $100 million share repurchase authorization.

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 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.

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.

Genesco Inc. delivered record second-quarter profitability for its footwear businesses that far exceeded expectations. Sales were up 25 percent at Journeys, up 48 percent at Schuh, and ahead 154 percent at Johnston & Murphy.

Genesco Inc. announced that, based on a preliminary vote count by its proxy solicitor, shareholders have voted overwhelmingly to re-elect all nine of Genesco’s director nominees to the Board of Directors at its 2021 Annual Meeting of Shareholders. A group of activist investors, led by Legion Partners Asset Management, had been urging shareholders to vote for four of its nominees.

Egan-Jones Proxy Services has joined Institutional Shareholder Services in recommending that Genesco shareholders vote for the company’s director nominees at its July 20 annual meeting.

Legion Partners, the activist shareholder group, received a third party recommendation in its proxy war with Genesco as Glass Lewis endorsed the investment firm’s director nominees Dawn H. Robertson and Hobart P. Sichel.

Genesco Inc. said that Institutional Shareholder Services (ISS), an independent provider of proxy research and vote recommendations to the institutional investment community, has recommended that Genesco shareholders vote for all nine of the company’s director nominees at Genesco’s annual meeting on July 20. Legion Partners, the activist shareholder group, described ISS’s recommendation as “contradictory” and continued to push for changes to the board.

Genesco Inc., which is facing a proxy fight against an activist investor, sent a letter to shareholders highlighting the “collective strength” of its Board of Directors and encouraging shareholders to vote for all nine of its board nominees.