Genesco Q1 loss per share $1.60; guides FY24 adjusted EPS $2.00-$2.50

GENESCO INC

2024-Q1 EPS reported -$1.60 revenue$483,332,000

Net sales $483M (-7% YoY); GAAP loss from continuing ops $18.9M ($1.60 loss per share).
Non-GAAP EPS loss $1.59 vs profit $0.44 prior year; adjusted operating margin -4.7%.
Journeys comps down 14%; Schuh and Johnston & Murphy comps up 13% and 18%.
Revises FY24 outlook: sales down 4-5% (ex-53rd week down 5-6%); adjusted EPS $2.00-$2.50.
Plans to close >100 Journeys stores in FY24 (was ~60) and cut up to $40M in costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENESCO INC reported the three months ended April 29, 2023 results: revenue $483 million, net income ($18.9) million, EPS ($1.60). Guidance lowered.

Period: the three months ended April 29, 2023
Revenue: $483 million
Net income: ($18.9) million
EPS: ($1.60)
Guidance: lowered
Result: reported results

Exact text from the filing

25, 2023 --- Genesco Inc. (NYSE: GCO) today reported first quarter results for the three months ended April 29, 2023. First Quarter Fiscal 2024 Financial Summary • Net sales of $483 million decreased 7% compared to Q1FY23 • Excluding the impact of lower exchange rates, net sales decreased 6% compared to Q1FY23 • Comps down 5%, with stores down 8% and direct up 7% •

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Source: SEC EDGAR

accession 0000950170-23-024059

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