Genesco posts Q2 GAAP loss per share of $2.79; non-GAAP loss $0.85; sales down 2%

GENESCO INC

2024-Q2 EPS reported -$4.37 revenue$1,006,359,000

Net sales $523M, down 2% YoY; GAAP loss from cont. ops $31.6M ($2.79 loss per share).
Non-GAAP loss per share $0.85 vs. income $0.59 last year; gross margin +20bps to 47.7%.
Recorded $28.5M pretax goodwill impairment in Genesco Brands Group due to licensor dispute.
Journeys comps down 11%, Schuh +17%, J&Murphy +12%; e-commerce 21% of retail sales.
Repurchased $22.9M in shares (1.0M shares avg $22.71); FY24 EPS guidance reaffirmed $2.00-$2.50.

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 second fiscal quarter ended July 29, 2023 results: net income adjusted loss from continuing operations was ($9.6) million, EPS Non-GAAP EPS from continuing operations was ($0.85). Guidance reaffirmed.

Period: second fiscal quarter ended July 29, 2023
Net income: adjusted loss from continuing operations was ($9.6) million
EPS: Non-GAAP EPS from continuing operations was ($0.85)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Adjusted for the Excluded Items in all periods, the second quarter loss from continuing operations was ($9.6) million, or ($0.85) per share, in Fiscal 2024

View on SEC.gov

Browse all earnings releases →

GENESCO INC filing history →

Source: SEC EDGAR

accession 0000950170-23-045610

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.