secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-01-09T23:59:59+00:00
Accession:  0000950170-23-000423
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesco Q4-to-date comp sales up 3%; guides FY adjusted EPS to low end of $5.50-$5.90
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023000423/0000950170-23-000423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023000423/gco-20230109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-000423

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