earnings
confidence high
sentiment negative
materiality 0.75
Genesco Q4-to-date comp sales up 3%; guides FY adjusted EPS to low end of $5.50-$5.90
GENESCO INC
- Q4-to-date comparable sales (stores + direct) +3% YoY; same-store sales -2%, direct +22%.
- Journeys overall sales -3%; Schuh +6%; Johnston & Murphy +11%; Licensed Brands -39%.
- Fiscal 2023 adjusted EPS now expected at low end of $5.50-$5.90 range (prior midpoint view).
- Lower guidance driven by higher shipping/warehouse expense and December U.S. store deleverage.
- Total overall sales -2% YoY for the quarter-to-date period ended Dec 24, 2022.