---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-067148"
form_type: "8-K"
ticker: "GCO"
cik: "0000018498"
company_name: "GENESCO INC"
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:34:13.341312+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genesco Q3 sales down 4% to $579M, adj EPS $0.57; lowers FY outlook to $1.50-$2.00

## Summary
- Net sales $579M, down 4% YoY; comparable sales -4% (stores -7%, direct +8%).
- GAAP EPS from cont ops $0.60 vs $1.66; adjusted EPS $0.57 vs $1.65.
- Operating income $10.9M (1.9% margin) vs $26.1M (4.3%) last year.
- Gross margin 48.1%, down 60 bps due to increased promotions at Journeys.
- FY2024 adjusted EPS guidance lowered to $1.50-$2.00; expects sales down 1-2%.

## SEC filing metadata
- accession: 0000950170-23-067148
- form_type: 8-K
- ticker: GCO
- cik: 0000018498
- company_name: GENESCO INC
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/18498/000095017023067148/0000950170-23-067148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/18498/000095017023067148/gco-20231201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-067148
- JSON: https://secwatch.observer/filing/0000950170-23-067148.json
- Plain text: https://secwatch.observer/filing/0000950170-23-067148.txt

## Key facts
- Earnings Releases
  GENESCO INC reported the third fiscal quarter ended October 28, 2023 results: revenue Net sales of $579 million, net income GAAP earnings from continuing operations were $6.6 million, EPS GAAP EPS from continuing operations was $0.60.
  - Period: the third fiscal quarter ended October 28, 2023
  - Revenue: Net sales of $579 million
  - Net income: GAAP earnings from continuing operations were $6.6 million
  - EPS: GAAP EPS from continuing operations was $0.60
  - Result: reported results
  source text: 1, 2023 --- Genesco Inc. (NYSE: GCO) today reported third quarter results for the three months ended October 28, 2023. Third Quarter Fiscal 2024 Financial Summary • Net sales of $579 million decreased 4% compared to Q3FY23 • Comps down 4%, with stores down 7% and direct up 8% • E-commerce sales represented 21% of retail sales compared to 18% last year • GAAP EPS from
  evidence_url: https://www.sec.gov/Archives/edgar/data/18498/000095017023067148/0000950170-23-067148-index.htm

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