Genesco Q3 adj. EPS falls to $1.65 from $2.36; lowers FY23 guidance to $5.50-$5.90

GENESCO INC

2023-Q3 EPS reported $2.56 revenue$1,659,868,000

Revenue $604M, +1% YoY; comps +3%; e-commerce 18% of retail sales.
GAAP EPS from cont ops $1.66; non-GAAP EPS $1.65 vs $2.36 last year and $1.33 pre-pandemic.
Gross margin 48.7% (-50 bps YoY); adj. operating margin 4.4% vs 7.5% last year.
Repurchased $20.8M stock in Q3; $34.1M remaining on authorization.
FY23 adj. EPS guidance cut to $5.50-$5.90 (mid $5.70) from $6.25-$7.00; sales -1% to -2%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENESCO INC reported Fiscal year 2023 results: EPS $5.50 to $5.90. Guidance lowered.

Period: Fiscal year 2023
EPS: $5.50 to $5.90
Guidance: lowered
Result: guidance update

Exact text from the filing

we now expect adjusted earnings per share for Fiscal 2023 to range between $5.50 to $5.90.

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Source: SEC EDGAR

accession 0000950170-22-025971

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