Genesco (NYSE:GCO) Releases FY25 Earnings Guidance

Genesco (NYSE:GCO) updated its FY25 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $0.80-1.00 for the period, compared to the consensus estimate of $0.76. The company issued revenue guidance of (1%)-flat yr/yr to ~$2.3-2.33 billion, compared to the consensus revenue estimate of $2.29 billion. Genesco also updated its FY 2025 guidance to 0.800-1.000 EPS.

Genesco Trading Up 9.6 %

Shares of NYSE GCO traded up $3.59 during midday trading on Friday, hitting $41.00. The stock had a trading volume of 116,780 shares, compared to its average volume of 137,721. The company has a market capitalization of $460.02 million, a price-to-earnings ratio of -599.91 and a beta of 2.47. The company has a quick ratio of 0.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Genesco has a 1-year low of $23.21 and a 1-year high of $43.00. The company has a fifty day moving average price of $29.53 and a 200 day moving average price of $28.01.

Genesco (NYSE:GCO) last released its quarterly earnings data on Friday, December 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.31. The company had revenue of $596.30 million during the quarter, compared to analyst estimates of $577.73 million. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 earnings per share. On average, analysts predict that Genesco will post 0.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Genesco from a “hold” rating to a “buy” rating in a research report on Friday.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.