secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0000950170-22-025971
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017022025971/0000950170-22-025971-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017022025971/gco-20221202.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-025971

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer