Genesco (GCO) Tops Q4 EPS by 4c, Offers FY24 Guidance

Genesco (NYSE: GCO) reported Q4 EPS of $3.06, $0.04 better than the analyst estimate of $3.02. Revenue for the quarter came in at $725 million versus the consensus estimate of $727.4 million.

GUIDANCE:

Genesco sees FY2024 EPS of $5.10-$5.90, versus the consensus of $6.83.

• Sales to be flat to up 2%, or down 1% to up 1%, excluding the 53rd week this year, compared to FY23
• Adjusted diluted earnings per share from continuing operations in the range of $5.10 to $5.90, with an expectation that earnings per share for the year will be near the mid-point of the range.2
• Guidance assumes no further share repurchases and a tax rate of 26%

For earnings history and earnings-related data on Genesco (GCO) click here.

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