Thu, May 26, 10:25 AM
- Genesco (NYSE:GCO) pops after topping Q1 profit estimates and reaffirming FY17 guidance.
- Genesco expects EPS of $4.80 to $4.90 and comparable sales growth of 1% to 2% for the full year.
- During Q1, a "meaningful" improvement in gross margin was realized, although the apparel seller didn't break out details.
- Shares of Genesco are up 10.2% to $64.19 to help erase part of the spring slide amid broad retail anxiety.
- Previously: Genesco beats by $0.23, misses on revenue (May 26)
Thu, May 26, 6:51 AM
Wed, May 25, 5:30 PM
Thu, May 5, 10:59 AM
- Apparel store stocks trade lower after one of its stalwarts takes it on the chin. L Brands (NYSE:LB) is down 10.5% with even the resilient Victoria's Secret business showing signs of weakness.
- Notable decliners include Urban Outfitters (URBN -3.4%), Guess (GES -3.7%), Francesca's (FRAN -1.8%), Gap (GPS -2.6%), Genesco (GCO -2.8%), Ascena Retail Group (ASNA -3%), Express (EXPR -2%), and Chico's FAS (CHS -2.4%).
- Buckle (BKE -5.8%) and Abercombie & Fitch (ANF -4.5%) are also down, with the former reporting weak April sale and the latter losing an exec on top of the L Brands development.
Thu, Mar. 31, 10:21 AM
- Investors are giving companies that make shoes a hard look today. Macroeconomic factors including as strong U.S. dollar have been tugging on earnings in the sector.
- Shoe stocks ahead of broad market averages include Deckers Outdoor (DECK +3.6%), Crocs (CROX +5.1%), Steven Madden (SHOO +2.1%), Wolverine Worldwide (WWW +1.4%), Genesco (GCO +1.3%), and Boot Barn (BOOT +4.3%).
- Now read Are Crocs About To Make An Unlikely Comeback?
Mon, Mar. 14, 8:58 AM
- Jefferies thinks Genesco (NYSE:GCO) looks more attractive after the company cleaned up its inventory position.
- The investment firm sees FY17 as the start of "substantial" gross margin recovery for Genesco's Lids division (sports gear) and sees upside for the Journeys business (teen shoes).
- Jefferies ups its price target to $65.
Fri, Mar. 11, 8:08 AM
- Genesco (NYSE:GCO) reports comparable-store sales rose 4% in Q4.
- Segment comp growth : Journeys Group +5%, Schuh Group -2%, Lids Sports Group +3%, Johnston & Murphy Group +6%.
- Segment sales: Journeys Group: $403.83M (+7.2%); Schuh Group: $122.26M (-1.4%); Lids Sports Group: $299.99m (+2%); Johnston & Murphy Group: $81.08M (+7.7%); Licensed Brands: $24.71M (+10.4%).
- E-commerce sales increased 21% Y/Y.
- Gross margin rate dropped 210 bps to 45.4%.
- SG&A expense rate fell 30 bps to 37.4%.
- Adjusted operating margin rate declined 190 bps to 8%.
- Total retail units +28 Y/Y to 2,852.
- FY2016 Guidance: Comparable sales: +1% to +2%; Adjusted EPS: $4.80 to $4.90 (+12% to +14%).
Fri, Mar. 11, 7:02 AM
Thu, Mar. 10, 5:30 PM
Fri, Feb. 19, 11:53 AM
- The apparel sector is on shaky ground after weak earnings reports from VF Corp. and Nordstrom set the tone.
- Weather and F/X dinged VF Corp. more than expected, while Nordstrom was whacked by promotions and a higher mix of e-commerce.
- Notable decliners include Carter's (CRI -3.9%), PVh Corp. (PVH -2.7%), Kate Spade (KATE -2.8%), Gildan Activewear (GIL -2.1%), Hanesbrands (HBI -3.5%), Gap (GPS -1.1%), Lululemon (LULU -1.1%), Urban Outfitters (URBN -2%), Genesco (GCO -2%), and Sequential Brands Group (SQBG -1.1%).
Wed, Jan. 20, 1:08 PM
- Genesco (GCO +4.7%) spikes after the company announces a new stock repurchase allowance of $100M.
- The company is using funds from the sale of Lids Team Sports to buy back the shares.
Mon, Jan. 11, 7:12 AM
- Genesco (NYSE:GCO) reports comparable-store sales tracked 3% quarter-to-date. Direct sales were up 20% during the period.
- Total sales are 5% higher for Q4 through January 2.
- The Journeys Group and Johnston & Murphy Group businesses both turned a +6% comp at stores.
Dec. 4, 2015, 12:44 PM
Dec. 4, 2015, 7:02 AM
- Genesco (NYSE:GCO): Q3 EPS of $1.40 beats by $0.10.
- Revenue of $773.9M (+7.1% Y/Y) beats by $13.52M.
Dec. 3, 2015, 5:30 PM
Nov. 20, 2015, 11:47 AM
- The S&P Retail ETF (NYSEARCA:XRT) is up 1.9% with apparel and footwear stocks doing much of the heavy lifting.
- A vibrant rally in sports stocks was sparked by earnings reports and Nike. Iconix Brand (ICON +2.5%), G-III Apparel (GIII +3%), DSW (DSW +3.7%), Finish Line (FINL +3.1%), Caleres (CAL +2.2%), Genesco (GCO +3.5%), and Shoe Carnival (SCVL +1.7%) join the list reported on earlier.
- Luxury names are on the move with Kate Spade (KATE +2%), Fossil (FOSL +2.9%), Coach (COH +1.4%), and Movado (MOV +2.7%) higher.
- The beat-up mall retailer group is also recovering after results from Gap (GPS +6%) and Abercrombie & Fitch (ANF +19.4%) topped worst-case scenarios. American Eagle Outfitters (AEO +2.3%), Guess (GES +4.6%), and Pacific Sunwear (PSUN +5.4%) are notable gainers.
- Big box retailers are the laggards today. Wal-Mart, Target (TGT +0.6%), and Costco (COST +0.6%) are right at market index averages.
Genesco, Inc. engages in the retail and sale of footwear, apparel, and accessories. It operates through the following segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment comprise of the Journeys, Journeys Kidz, Shi by... More
Industry: Apparel Stores
Country: United States