Genesco (NYSE:GCO) Updates FY 2026 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 1.300-1.700 for the period, compared to the consensus EPS estimate of 2.350. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.4 billion.

Genesco Price Performance

Genesco stock opened at $32.49 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $364.23 million, a PE ratio of -13.37 and a beta of 2.35. Genesco has a 12 month low of $23.21 and a 12 month high of $44.80. The stock has a 50-day moving average price of $40.09 and a two-hundred day moving average price of $34.25.

Genesco (NYSE:GCO) last released its earnings results on Friday, December 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.30 by $0.31. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The business had revenue of $596.30 million during the quarter, compared to analysts’ expectations of $577.73 million. During the same quarter last year, the firm posted $0.57 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Genesco will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now owns 41,358 shares in the company, valued at $1,765,159.44. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.09% of the stock is owned by company insiders.

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.