secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000950170-23-045610
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023045610/0000950170-23-045610-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023045610/gco-20230831.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045610

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