Genesco Q4 non-GAAP EPS $2.59; FY24 GAAP loss; FY25 adj EPS guidance $0.60-$1.00

GENESCO INC

2024-FY EPS reported -$1.50 revenue$2,324,624,000

Q4 net sales $739M (+2% vs 13-wk prior year); comps down 4%; e-commerce 27% of retail.
GAAP EPS from cont ops $1.84 (Q4) vs $3.23; FY24 GAAP loss $23.6M, or ($2.10) per share.
Non-GAAP EPS from cont ops $2.59 (Q4) vs $3.06; FY24 non-GAAP EPS $0.56 vs $5.59.
FY25 guidance: total sales down 2%-3%; adj diluted EPS $0.60-$1.00; tax rate 26%.
Closed 94 Journeys stores in FY24; targeting 50 more closures; cost savings run rate $45-$50M.

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 0.95

GENESCO INC reported fourth fiscal quarter and year ended February 3, 2024 results: revenue $739 million, EPS $1.84.

Period: fourth fiscal quarter and year ended February 3, 2024
Revenue: $739 million
EPS: $1.84
Result: reported results

Exact text from the filing

today reported fourth quarter and full fiscal year results for the three and twelve months ended February 3, 2024. Fourth Quarter Fiscal 2024 Financial Summary • Net sales of $739 million this year (14 weeks) increased 2% compared to Q4FY23 (13 weeks) • Comps down 4%, with stores down 7% and direct up 5% • E-commerce sales represented 27% of retail sales compared

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Source: SEC EDGAR

accession 0000950170-24-028367

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