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.
Genesco Inc. (NYSE: GCO) is a Nashville, Tennessee-based, footwear focused company whose news flow reflects its role as an operator of distinct retail and lifestyle brands and a licensed footwear business. Company updates frequently cover performance at its Journeys, Little Burgundy and Schuh banners, which serve teens, kids and young adults with on-trend fashion footwear inspired by youth culture in the U.S., Canada and the U.K., as well as developments at Johnston & Murphy and Genesco Brands Group.
Investors following GCO news can expect regular earnings releases and trading updates that discuss net sales, comparable sales across Journeys Group, Schuh Group, Johnston & Murphy Group and Genesco Brands Group, gross margin trends, and the balance between store and e-commerce performance. These releases often include commentary on multiple consecutive quarters of comparable sales growth, segment-level results, promotional dynamics in markets such as the U.K., and the impact of tariffs and sourcing decisions on margins.
Genesco’s news also highlights strategic and organizational developments. Recent announcements include the creation of the Journeys Global Retail Group, which unites Journeys, Schuh and Little Burgundy under unified global leadership to sharpen consumer focus and strengthen market positioning, and a strategic transformation of its information technology operations aimed at improving speed and scalability and accelerating AI-enabled innovation and automation. Brand-level news, such as campaigns and partnerships at Johnston & Murphy, adds further context to the company’s lifestyle positioning.
Conference participation and investor events are another recurring theme in GCO news, with management presenting at conferences hosted by firms such as ICR, KeyBanc, Piper Sandler and Goldman Sachs. For readers tracking GCO stock, this news page aggregates these earnings updates, strategic announcements, segment performance commentary and investor presentations in one place, making it easier to monitor how Genesco communicates its progress and responds to conditions in the footwear and retail trade sector.
Genesco Inc. (NYSE: GCO) will report its first-quarter fiscal 2023 results on May 26, 2022, before market opening. A conference call is scheduled for 7:30 a.m. (central) on the same day, accessible via a live audio webcast. The results summary will also be published on the company's website that day. Genesco operates over 1,420 retail stores across the U.S., Canada, the UK, and Ireland, selling branded footwear and accessories. The company emphasizes its commitment to diversity, equity, and environmental stewardship.
Genesco reported a strong fourth quarter for Fiscal 2022, with net sales increasing 14% year-over-year to $728 million and a 36% rise in e-commerce sales. Gross margins improved by 310 basis points to 48.9%. However, GAAP EPS decreased to $4.41, down from $6.20 last year. For Fiscal 2022, total net sales reached $2.4 billion, a 36% increase from the previous year. The company plans for 2% to 4% growth in sales for Fiscal 2023, forecasting adjusted EPS of $7.00 to $7.75.
Genesco Inc. (NYSE: GCO) announces its fourth quarter fiscal 2022 earnings results will be reported on March 10, 2022, before market opening. The company will host a quarterly earnings conference call at 7:30 a.m. (central) on the same day. A live audio webcast and an audio archive will be available for investors. Genesco operates over 1,430 retail stores across the U.S., Canada, the UK, and the Republic of Ireland, under various brands including Journeys and Johnston & Murphy.
Genesco Inc. (NYSE: GCO) has increased its share repurchase authorization by $100 million, following a previous $100 million program initiated in September 2019. To date, approximately 1.72 million shares have been repurchased at a cost of about $99 million, with an average price of $57.49 per share. In fiscal 2022 alone, the company bought back 1.36 million shares for $82.8 million. Overall, since December 2018, Genesco has repurchased around 7 million shares for a total of $324 million.
Summary not available.
Genesco Inc. (NYSE: GCO) reported a significant sales increase of 18% for the quarter-to-date period ending December 25, 2021, compared to the same period in Fiscal 2021 and 9% compared to Fiscal 2020. Key contributors include the Journeys Group (+8%, +3%), Schuh Group (+28%, +16%), Johnston & Murphy Group (+53%, -5%), and Licensed Brands (+104%, +514%). Total store sales rose 23%, while total direct sales fell 10%. The company reaffirmed its total year EPS guidance of $6.40 to $6.90.
Genesco Inc. (NYSE: GCO) will present at the 2022 ICR Conference on January 10, 2022, starting at 9:00 a.m. Eastern time. The presentation will be accessible via a webcast on Genesco's investor relations page. Genesco, based in Nashville, operates over 1,430 retail stores across the U.S., Canada, the UK, and the Republic of Ireland, offering footwear and accessories under various brand names, including Journeys and Johnston & Murphy. The company emphasizes diversity, equity, and environmental stewardship.
Genesco Inc. (NYSE: GCO) has entered a three-year licensing agreement with Etonic, becoming the exclusive U.S. and Canadian footwear licensee. This partnership includes two renewal options, potentially extending the agreement until January 2030. Etonic aims to capitalize on its brand heritage and growing sneaker culture, with Genesco set to design footwear priced between $50 and $110. The new collection is expected to launch in Fall 2022, highlighting Genesco's expansion into the retro/heritage footwear segment.
Genesco reported a strong third quarter for Fiscal 2022 with net sales up 25% year-over-year to $601 million. Both GAAP and non-GAAP operating income surged by 69% compared to two years ago. The company's GAAP EPS rose to $2.26 from $0.52 last year, while non-GAAP EPS reached $2.36 compared to $0.85 last year. E-commerce sales soared by 79% over the last two years. Genesco anticipates FY2022 adjusted EPS between $6.40 and $6.90, indicating a 45% growth compared to pre-pandemic levels.
Genesco Inc. (NYSE: GCO) will report its third quarter fiscal 2022 results on December 3, 2021, before the market opens, followed by a conference call at 7:30 a.m. (central). The audio webcast of the call will be accessible on the company’s website, along with an archive available for one year. Genesco operates over 1,435 retail stores across North America and the UK, selling footwear and accessories under various brands including Journeys and Johnston & Murphy. For more information, visit www.genesco.com.