secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000950170-23-006835
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesco Q4 EPS $3.06 vs $3.48 YoY; FY23 non-GAAP EPS $5.59; guides FY24 $5.10-$5.90
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023006835/0000950170-23-006835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023006835/gco-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006835

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