Genesco (NYSE:GCO) Issues Quarterly Earnings Results

Genesco (NYSE:GCO) announced its quarterly earnings data on Friday. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.31, Zacks reports. 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 firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $0.57 EPS. Genesco updated its FY 2025 guidance to 0.800-1.000 EPS and its FY25 guidance to $0.80-1.00 EPS.

Genesco Trading Down 2.0 %

NYSE GCO opened at $37.43 on Friday. Genesco has a one year low of $23.21 and a one year high of $39.34. The company has a 50-day simple moving average of $29.53 and a 200-day simple moving average of $28.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.40 and a current ratio of 1.53. The firm has a market capitalization of $419.96 million, a PE ratio of -534.64 and a beta of 2.47.

Analyst Upgrades and Downgrades

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

Genesco Company Profile

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.