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Genesco Inc. - $GCO STOCK NEWS

Welcome to our dedicated page for Genesco news (Ticker: $GCO), a resource for investors and traders seeking the latest updates and insights on Genesco stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Genesco's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Genesco's position in the market.

Rhea-AI Summary
Genesco Inc. reports Q2 2024 results with net sales of $523 million, a decrease of 2% compared to Q2 2023. E-commerce sales represented 21% of retail sales. Gross margin improved 20 basis points. GAAP EPS was ($2.79) vs. $0.59 last year. The company repurchased $22.9 million of stock during Q2 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.56%
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Rhea-AI Summary
Genesco Inc. announced the planned retirement of Journeys Group president Mario Gallione at the end of the fiscal year. The company has initiated a search process to identify Gallione's successor. Mike Sypert has been named Journeys' chief operating officer responsible for aiding the transition of leadership. Journeys is well positioned for success in the years ahead.
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End-of-Day
17.56%
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Rhea-AI Summary
Genesco Inc. (NYSE: GCO) will report its second quarter fiscal 2024 results on August 31, 2023, before the market opens. The quarterly earnings conference call will be held at 7:30 a.m. (Central Daylight Time) on the same day. A live audio webcast of the conference call will be available on the Genesco website. An audio archive of the call will be accessible for up to one year. A summary of the second quarter results will also be posted on the Genesco website.
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1.31%
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conferences earnings
Rhea-AI Summary
Journeys, the teen retail leader, has partnered with thredUP to offer a resale program called 'Journeys Second-Hand.' Customers can shop for secondhand apparel on Journeys' website and resell their gently-worn items for Journeys shopping credit. This program is powered by thredUP's Resale-as-a-Service® (RaaS®). Journeys is the first footwear retailer with an apparel-only resale site. The partnership aims to cater to Gen Z customers who are more likely to shop with brands that offer secondhand clothing. Journeys' Group President believes this program will add convenience and support sustainability efforts. Customers can find branded footwear and build a secondhand outfit on the Journeys website.
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-2.51%
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7.69%
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-32.18%
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0.1%
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conferences earnings
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-13.51%
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0.98%
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News
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Genesco Inc.

NYSE:GCO

GCO Rankings

GCO Stock Data

306.42M
21.06M
8.21%
96.8%
6.57%
Shoe Stores
Retail Trade
Link
United States of America
NASHVILLE

About GCO

genesco inc., a nashville-based specialty retailer, sells footwear, headwear, sports apparel and accessories in more than 2,455 retail stores throughout the u.s., canada, the united kingdom and the republic of ireland, principally under the names journeys, journeys kidz, shi by journeys, underground by journeys, schuh, lids, locker room by lids, johnston & murphy, and on internet websites www.journeys.com, www.journeyskidz.com, www.shibyjourneys.com, www.undergroundbyjourneys.com, www.schuh.co.uk, www.johnstonmurphy.com, www.lids.com, www.lids.ca, www.lidslockerroom.com, www.lidsteamsports.com, www.lidsclubhouse.com , www.suregripfootwear.com and www.dockersshoes.com. in addition, the company sells wholesale footwear under its johnston & murphy brand, the licensed dockers brand, suregrip, and other brands, and operates the lids team sports team dealer business. for more information on genesco and its operating divisions, please visit www.genesco.com.