earnings
confidence high
sentiment negative
materiality 0.90
Genesco cuts FY2024 adjusted EPS guidance to $0.65-$0.85 from $1.50-$2.00
GENESCO INC
- Q4-to-date comparable sales decreased 4% YoY; store sales -6%, direct sales +3%.
- Journeys comparable sales -6%, Schuh -5%, Johnston & Murphy +11%.
- Now expects FY2024 adjusted EPS near midpoint of $0.65-$0.85 range.
- CEO cites choppy holiday trends and weaker boot sales at Journeys.