secwatch.observer — SEC 8-K summary
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Issuer:     GENESCO INC (GCO)
CIK:        0000018498
Form:       8-K
Filed at:   2024-05-31T23:59:59+00:00
Accession:  0000950170-24-066921
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesco Q1 operating loss $32.1M; reaffirms FY2025 EPS guidance $0.60-$1.00
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- Net sales $458M (-5% YoY); comparable sales -5%; e-commerce +3% to 23% of retail sales.
- GAAP EPS loss ($2.22); Non-GAAP EPS loss ($2.10); adjusted operating loss $30.0M.
- Inventory down 17% YoY; closed 21 stores during quarter; 1,321 total stores.
- Journeys comp sales -5%; Johnston & Murphy -3%; Schuh -7%; Genesco Brands -25%.
- FY2025 outlook reaffirmed: total sales -2% to -3%, adj. EPS $0.60-$1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/18498/000095017024066921/0000950170-24-066921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/18498/000095017024066921/gco-20240531.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-066921

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