GCO: Genesco Inc. Instablogs

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Friday, March 8, 7:32 AM Genesco (GCO): Q4 EPS of $2.16 beats by $0.04. Revenue of $797M (+10% Y/Y) beats by $22.49M. (PR) Comment! [Earnings, Breaking News]
Friday, November 30, 2012, 7:38 AM Genesco (GCO): Q3 EPS of $1.44 beats by $0.11. Revenue of $664.5M (+7.8% Y/Y) beats by $5M. Shares +0.7% premarket. (PR) Comment! [Earnings]
Wednesday, August 29, 2012, 10:37 AM Genesco (GCO +2.5%) moves up this morning after its Q2 beat on all counts. Net earnings swung to a profit as the seller of hats and footwear posted stronger sales and fewer one-time charges. The company also unveiled a new $75M stock repurchase program and raises its outlook for FY12. It now expects to earn between $4.88 to $5 per share and same-store sales growth to come in around 4%, the high end of former estimates of 3% to 4%. Comment! [Earnings, On the Move]
Wednesday, August 29, 2012, 7:35 AM Genesco (GCO): Q2 EPS of $0.50 beats by $0.23. Revenue of $543M (+15% Y/Y) beats by $10M. (PR) Comment! [Earnings]
Monday, June 18, 2012, 10:00 AM A profit warning from DSW spills over to taint the shares of other shoe sellers on similar concerns that demand will falter and margins will get squeezed. Decliners: SHOO -4.1%, GCO -3.7%, BWS -2.6%, SCVL -2.1%, CROX -1.6%. Comment! [Consumer, On the Move]
Wednesday, May 23, 2012, 11:38 AM Genesco (GCO -2.8%) suffers a bout of profit taking after beating Q1 estimates this morning on a 24% jump in total revenue over the year ago period. Net earnings rose 39% on stronger-than-expected sales growth. The company also raised its FY13 earnings estimates, now expecting to earn between $4.70 - $4.82. Street estimates are for an EPS of $4.69. Comment! [Earnings, On the Move]
Wednesday, May 23, 2012, 7:41 AM Genesco (GCO): Q1 EPS of $0.98 may not be comparable to consensus of $0.74. Revenue of $600M (+24.5% Y/Y) beats by $23M. (PR) Comment! [Earnings]
Monday, March 5, 2012, 2:46 PM Genesco (GCO +1.2%) moves up on positive comments out of Sterne Agee, saying its strong Q4 results indicate it can surpass FY13 guidance. The firm expects the company to benefit from current trends, new businesses, new brands, and improving execution, and maintains its $80 target and Buy rating. Comment! [On the Move]
Friday, March 2, 2012, 7:45 AM Genesco (GCO): Q4 EPS of $1.97 beats by $0.31. Revenue of $723M (+29.1% Y/Y) in-line. (PR) Comment! [Earnings]
Wednesday, February 15, 2012, 3:24 PM Sterne Agee lifts its price target on Genesco (GCO +5.2%), as the firm says it has learned from industry sources that the seller of hats and footwear will begin shuttering its Underground Station street fashion concept, which has been a drag on profitability. Comment! [Consumer, On the Move]
Monday, January 9, 2012, 5:38 PM Apparel retailer Genesco (GCO) gains 2.9% AH after announcing same-store sales have risen 13% Y/Y thus far in its current quarter, fueled by the strong performance of its Journeys and Lids Sports brands. Due to the better-than-expected sales, Genesco now expects FQ4 (ends Jan. 28) EPS of $1.63-$1.68, above a $1.60 consensus. Comment! [Consumer, Earnings, On the Move]
Tuesday, November 22, 2011, 12:34 PM Genesco (GCO +3.7%) moves up after its Q3 results beat estimates this morning, driven by acquisitions and strong same-store sales growth. The company reported an EPS of $1.21, better than Street estimates of $0.96, on revenue of $616M versus the consensus estimate of $586M. The company also raises its FY11 guidance to $3.64 - $3.69 per share, up from its previously increased August forecast of $3.35 - $3.42. Comment! [On the Move]
Tuesday, October 18, 2011, 11:39 AM The bloodletting in Crocs (CROX -37.8%) continues unabated following its Q3 warning. Analyst Brian Sozzi thinks the warning could suggest an inventory glut, as well as growing competition from the likes of NKE, GCO, and FL. Some other names trading lower on the news: DSW -2.6%. LULU -4%. WWW -2.2%. 1 Comment [Consumer, On the Move, Quick Ideas]
Wednesday, August 31, 2011, 10:20 AM Apparel retailer Genesco (GCO) gains 9.8% after reporting FQ2 revenue of $470.6M (+29% Y/Y) and EPS of $0.22, beating consensus $24.5M and $0.12. Same-store sales rose 14% Y/Y. The company now expects FY12 EPS of $3.35-$3.42, above a $3.30 consensus, on an expectation of 7-9% same-store sales growth. (PR) Comment! [Consumer, Earnings, On the Move]
Thursday, June 23, 2011, 12:54 PM Genesco (GCO +8.7%) holds on to gains after reporting the $240M acquisition of U.K.-based Schuh Group - a specialty retailer of casual and athletic footwear. The purchase gives Genesco an immediate presence in Europe, as well as a boost to FY11 earnings. Comment! [Consumer, On the Move]
Monday, April 18, 2011, 7:47 AM UBS has drawn up a list of 27 possible LBO targets, according to Barron's, all of which could see share movement today on deal speculation. The retailer-heavy list of stocks to watch: AAP, ARO, ARRS, AVT, CA, DSW, FINL, GCO, HRS, IM, JBL, JWN, LNCR, LTD, MHP, MOLX, MW, PLCE, PSS, ROST, RSH, SAI, SEE, TECD. Comment! [Quick Ideas, On the Move]

GCO Genesco Inc.

GCO

Genesco Inc.