earnings
confidence high
sentiment negative
materiality 0.65
Genesco Q4 EPS $3.06 vs $3.48 YoY; FY23 non-GAAP EPS $5.59; guides FY24 $5.10-$5.90
GENESCO INC
2023-FY EPS reported
$5.66
revenue$2,384,888,000
- Q4 net sales $725M flat YoY; GAAP EPS $3.23 vs $4.41; non-GAAP EPS $3.06 vs $3.48.
- Full year net sales $2.38B down 2%; GAAP EPS $5.69 vs $7.92; non-GAAP EPS $5.59 vs $7.62.
- Q4 comparable sales up 5% with e-commerce up 15%; e-commerce represented 25% of retail sales.
- FY2024 guidance: adjusted EPS $5.10-$5.90, sales flat to up 2% (ex-53rd week down 1% to up 1%).
- Inventory increased 65% YoY; share repurchases $72.7M in FY23 with $34.1M authorization remaining.