Genesco (NYSE:GCO) Updates FY25 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY25 earnings guidance on Friday morning. 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.

Wall Street Analysts Forecast Growth

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

Genesco Price Performance

GCO opened at $40.95 on Friday. The firm has a market cap of $459.54 million, a PE ratio of -16.85 and a beta of 2.47. The stock has a 50-day moving average price of $29.80 and a 200-day moving average price of $28.12. Genesco has a 1 year low of $23.21 and a 1 year high of $43.00. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.40.

Genesco (NYSE:GCO) last posted its quarterly earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.31. Genesco had a negative net margin of 0.03% and a positive return on equity of 0.49%. The firm had revenue of $596.30 million for the quarter, compared to analysts’ expectations of $577.73 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts predict that Genesco will post 0.75 earnings per share for the current fiscal year.

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.