---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-024059"
form_type: "8-K"
ticker: "GCO"
cik: "0000018498"
company_name: "GENESCO INC"
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:59:37.235660+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-23-024059
- form_type: 8-K
- ticker: GCO
- cik: 0000018498
- company_name: GENESCO INC
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18498/000095017023024059/0000950170-23-024059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18498/000095017023024059/gco-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-024059
- JSON: https://secwatch.observer/filing/0000950170-23-024059.json
- Plain text: https://secwatch.observer/filing/0000950170-23-024059.txt

## Key facts
- Earnings Releases
  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
  source text: 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% •
  evidence_url: https://www.sec.gov/Archives/edgar/data/18498/000095017023024059/0000950170-23-024059-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.