Genesco: Fiscal Q1 Earnings Snapshot

May 26, 2022 GMT

NASHVILLE, Tenn. (AP) _ Genesco Inc. (GCO) on Thursday reported fiscal first-quarter profit of $4.9 million.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of 37 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The seller of footwear, hats, clothing and accessories posted revenue of $520.7 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $521.1 million.

Genesco expects full-year earnings in the range of $7 to $7.75 per share.


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