earnings
confidence high
sentiment positive
materiality 0.65
Genesco Q1 adj EPS $0.44 beats expectations; reaffirms FY23 adj EPS $7.00-$7.75
GENESCO INC
2023-Q1 EPS reported
$0.37
revenue$520,748,000
- Net sales $521M, down 3% YoY but up 5% vs pre-pandemic Q1FY20 with 90 fewer stores.
- GAAP EPS $0.37; adjusted EPS $0.44, exceeding profitability expectations.
- E-commerce sales down 29% YoY but up 74% vs pre-pandemic; represented 19% of retail sales.
- Reaffirms FY23 adjusted EPS guidance $7.00-$7.75; expects near midpoint.
- Repurchased 102,895 shares at avg $63.17; $100.3M remaining on authorization.