secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2024-03-08T23:59:59+00:00
Accession:  0000950170-24-028367
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017024028367/0000950170-24-028367-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017024028367/gco-20240308.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-028367

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