earnings
confidence high
sentiment negative
materiality 0.80
Genesco Q2 adj EPS $0.59 vs $1.05 last year; cuts FY23 EPS guidance to $6.25-$7.00
GENESCO INC
2023-Q2 EPS reported
$0.95
revenue$1,056,080,000
- Net sales $535M, down 4% YoY but up 10% vs pre-pandemic Q2FY20; retail comps -2%.
- GAAP EPS from cont ops $0.59; adjusted EPS $0.59 (vs $1.05 last year).
- Full-year adj EPS guidance cut to $6.25-$7.00 (prior mid-point $7.00-$7.75), citing inflation headwinds.
- Repurchased $45.4M of stock in Q2; $54.9M remaining on authorization.
- Inventory +55% YoY; Journeys comps -8%, Johnston & Murphy +17%, Schuh +9% on constant currency.