secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2022-09-01T23:59:59+00:00
Accession:  0000950170-22-018002
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesco Q2 adj EPS $0.59 vs $1.05 last year; cuts FY23 EPS guidance to $6.25-$7.00
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017022018002/0000950170-22-018002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017022018002/gco-20220901.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-018002

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