secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0000950170-23-024059
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023024059/0000950170-23-024059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023024059/gco-20230525.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-024059

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