secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0000950170-23-067148
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017023067148/0000950170-23-067148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017023067148/gco-20231201.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-067148

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer