Seeking Alpha

Genesco weaker for second day following Q2 results

  • There's no respite for Genesco (GCO -3.5%) as the shares fall again after suffering through a miserable session Thursday — the two day decline now sits at ~12%.
  • The retailer missed on both lines with its Q2 report Thursday, but it was likely the guidance that tanked the stock.
  • Management lowered its EPS guidance for FY14 to $5.20-5.30 from $5.57-5.67 against consensus of $5.39. (PR)
  • CEO Robert Dennis is "confident [GCO is] doing the right things to ensure it once again emerges [from the uncertain consumer environment] with its dominant market positions intact."
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