Genesco (NYSE:GCO) Releases Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Genesco (NYSE:GCO) released its earnings results on Friday. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.31, Zacks reports. The firm 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 business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous 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 Up 9.5 %

Genesco stock opened at $40.95 on Friday. The firm has a fifty day moving average price of $29.80 and a two-hundred day moving average price of $28.11. 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 has a fifty-two week low of $23.21 and a fifty-two week high of $43.00.

Analyst Upgrades and Downgrades

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