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Genesco Inc (GCO.N)

GCO.N on New York Stock Exchange

48.25USD
17 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Genesco Says Expects Pre-Tax Impairment Charge
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Genesco Inc ::GENESCO- EXPECTS PRE-TAX IMPAIRMENT CHARGE OF $127 MILLION - $132 MILLION FROM SALE OF ALL SHARES OF LIDS, CERTAIN ACQUIRED ASSETS OF GCO CANADA & FLAGG BROS.GENESCO- EXPECTS CHARGES TO BE REPORTED IN RESULTS FOR 3 MONTHS AND YEAR ENDING FEBRUARY 2, 2019 - SEC FILING.GENESCO- ESTIMATES IT WILL INCUR A TOTAL OF ABOUT $6 MILLION OF EXPENSES RELATED TO LIDS TRANSACTION.  Full Article

Genesco Announces Definitive Agreement For Sale Of Lids Sports Group & $125 Million Share Repurchase Authorization
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Genesco Inc ::GENESCO ANNOUNCES DEFINITIVE AGREEMENT FOR THE SALE OF LIDS SPORTS GROUP AND $125 MILLION SHARE REPURCHASE AUTHORIZATION.GENESCO INC - DEAL FOR $100 MILLION IN CASH.GENESCO INC - EXPECTS THAT CASH PROCEEDS NET OF TAXES AND TRANSACTION-RELATED COSTS WILL BE USED TO REPURCHASE SHARES OF COMPANY'S COMMON STOCK.GENESCO - EXPECTS CASH PROCEEDS FROM DEAL, INCLUDING ESTIMATED TAX BENEFIT OF ABOUT $29 MILLION, TO BE USED TO REPURCHASE SHARES .GENESCO INC - INCREASED COMPANY'S EXISTING AUTHORIZATION TO REPURCHASE COMMON STOCK TO $125 MILLION.GENESCO - ENTERED INTO AGREEMENT FOR SALE OF LIDS SPORTS GROUP TO FANZZLIDS HOLDINGS, CONTROLLED & OPERATED BY AFFILIATES OF AMES WATSON CAPITAL.  Full Article

Genesco Inc Reports Q2 Same Store Sales Rose 3 Pct
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Genesco Inc ::. REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.04 FROM CONTINUING OPERATIONS.Q2 GAAP EARNINGS PER SHARE $0.01 FROM CONTINUING OPERATIONS.Q2 SALES $654 MILLION VERSUS I/B/E/S VIEW $641.1 MILLION.Q2 SAME STORE SALES ROSE 3 PERCENT.Q2 EARNINGS PER SHARE VIEW $-0.03 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.05 TO $3.45.COMPANY REITERATES FISCAL 2019 GUIDANCE.FY EARNINGS PER SHARE VIEW $3.20, REVENUE VIEW $2.91 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Genesco Q1 Same Store Sales Fell 1 Percent
Tuesday, 5 Jun 2018 

June 5 (Reuters) - Genesco Inc ::REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 NON-GAAP LOSS PER SHARE $0.06 FROM CONTINUING OPERATIONS.Q1 GAAP LOSS PER SHARE $0.12 FROM CONTINUING OPERATIONS.Q1 SALES $645 MILLION VERSUS I/B/E/S VIEW $637.7 MILLION.Q1 SAME STORE SALES FELL 1 PERCENT.Q1 EARNINGS PER SHARE VIEW $-0.07 -- THOMSON REUTERS I/B/E/S.SEES FY 2019 ADJUSTED EARNINGS PER SHARE $3.05 TO $3.45.SEES FISCAL 2019 COMPARABLE SALES TO BE FLAT TO UP 2%.FY2019 EARNINGS PER SHARE VIEW $3.25 -- THOMSON REUTERS I/B/E/S.INVENTORIES DECREASED 4% IN Q1 OF FISCAL 2019 ON A YEAR-OVER-YEAR BASIS.GENESCO - REMAIN CAUTIOUS ABOUT SCHUH'S NEAR-TERM PROSPECTS, ARE ENCOURAGED BY SIGNS OF IMPROVEMENT IN OTHER MAJOR BUSINESSES, JOURNEYS IN PARTICULAR.EXCLUDING IMPACT OF EXCHANGE RATES, QTRLY SALES WOULD HAVE DECREASED 1%.QTRLY COMPARABLE SALES WERE DOWN 1%, WITH STORES DOWN 2% AND DIRECT UP 10%.  Full Article

Genesco Reports Comparable Sales
Monday, 8 Jan 2018 

Jan 8 (Reuters) - Genesco Inc ::COMPARABLE SALES, INCLUDING BOTH STORES AND DIRECT SALES, INCREASED 1% FOR QUARTER-TO-DATE PERIOD ENDED JANUARY 4, 2018.GENESCO - EXPECT ADJUSTED EPS WITHIN MOST RECENTLY ANNOUNCED GUIDANCE RANGE FOR FISCAL 2018, WITH GREATER CONFIDENCE TOWARD LOWER END OF RANGE​.GENESCO REPORTS COMPARABLE SALES.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $3.05 TO $3.35.GENESCO - NON-CASH GOODWILL IMPAIRMENT CHARGE, AMONG OTHER CHARGES ESTIMATED IN RANGE OF $186.3 MILLION TO $187.4 MILLION PRETAX FOR FISCAL 2018.FY2018 EARNINGS PER SHARE VIEW $3.07 -- THOMSON REUTERS I/B/E/S.GENESCO - FY 2018, ADJUSTED EPS EXPECTATIONS DO NOT INCLUDE NON-CASH GOODWILL IMPAIRMENT CHARGE, FIXED ASSET IMPAIRMENTS, OTHER CHARGES.  Full Article

Genesco Reports Third Quarter Fiscal 2018 Results
Friday, 1 Dec 2017 

Genesco Inc ::GENESCO REPORTS THIRD QUARTER FISCAL 2018 RESULTS.Q3 LOSS PER SHARE $8.55 FROM CONTINUING OPERATIONS.Q3 SALES $717 MILLION VERSUS I/B/E/S VIEW $706.6 MILLION.Q3 EARNINGS PER SHARE VIEW $1.12 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED EARNINGS PER SHARE $1.02 FROM CONTINUING OPERATIONS.- FISCAL 2018 Q3 RESULTS REFLECT A GOODWILL IMPAIRMENT CHARGE OF $182.2 MILLION, OR $8.13 PER DILUTED SHARE AFTER-TAX.- ‍CONSOLIDATED Q3 2018 COMPARABLE SALES, INCLUDING SAME STORE SALES AND COMPARABLE E-COMMERCE AND CATALOG SALES, INCREASED 1%​.- NOW "MORE OPTIMISTIC" ABOUT JOURNEYS' Q4 PROSPECTS.- STRONG E-COMMERCE SALES GROWTH CONTINUES IN RETAIL BUSINESSES, WHILE STORE TRAFFIC REMAINS "CHALLENGING".- ‍NOW EXPECT FY ADJUSTED DILUTED EARNINGS PER SHARE TO RANGE FROM $3.05 TO $3.35​.- SEES COMPARABLE SALES IN RANGE OF DOWN 1% TO UP 1% FOR FULL YEAR.FY EARNINGS PER SHARE VIEW $3.39 -- THOMSON REUTERS I/B/E/S.- VERY "DISAPPOINTED" WITH REDUCED OUTLOOK.  Full Article

Genesco reports Q1 earnings per share $0.05 from continuing operations
Thursday, 25 May 2017 

May 25 (Reuters) - Genesco Inc :Genesco reports first quarter fiscal 2018 results.Q1 earnings per share $0.05 from continuing operations.Q1 sales $643 million versus I/B/E/S view $644.7 million.Q1 earnings per share view $0.26 -- Thomson Reuters I/B/E/S.Sees FY 2018 adjusted earnings per share $3.90 to $4.05.Q1 adjusted earnings per share $0.06 from continuing operations.Sees comparable sales flat to up to 1% for the full year.Genesco Inc says guidance assumes comparable sales are flat to up to 1% for full year.Genesco Inc says consolidated q1 2018 comparable sales, including same store sales and comparable e-commerce and catalog sales, decreased 1%.Genesco Inc says consolidated comparable sales in quarter were pressured by weak store traffic in u.s. Businesses.  Full Article