Genesco (NYSE:GCO) Announces Quarterly Earnings Results, Beats Estimates By $0.40 EPS

Genesco (NYSE:GCO) released its earnings results on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.58) by $0.40, FiscalAI reports. Genesco had a net margin of 0.80% and a return on equity of 2.66%. The firm had revenue of $487.03 million for the quarter, compared to analyst estimates of $474.32 million. Genesco updated its FY 2027 guidance to 2.000-2.400 EPS.

Here are the key takeaways from Genesco’s conference call:

• Genesco beat expectations across the board in Q1, with total sales up 3% to $487 million, operating performance improving, and the company delivering its seventh consecutive quarter of positive comparable sales.
• Journeys remained the standout growth driver, posting a 5% comp gain on strong product trends, better conversion, higher transaction values, and continued market share gains; the new 4.0 stores are also performing well with sales lifts above 25%.
• Johnston & Murphy posted strong momentum with 7% comps, supported by refreshed product, increased brand awareness from marketing including the Peyton Manning campaign, and a consumer shift toward more refined, tailored dressing.
• Schuh is still the weak spot, with comps down 9% as the company intentionally reduced promotions and markdowns; management said the turnaround will take longer due to the tougher U.K. consumer backdrop and geopolitical pressure.
• Genesco raised full-year EPS guidance to $2.00-$2.40 and announced a new $40 million-$50 million cost program through fiscal 2029, while also expecting potential tariff refunds of about $23 million-$25 million that could provide additional upside if realized.

Genesco Stock Down 0.4%

GCO stock opened at $36.05 on Monday. Genesco has a fifty-two week low of $19.62 and a fifty-two week high of $43.60. The firm’s 50-day simple moving average is $36.04 and its 200 day simple moving average is $30.92. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08. The stock has a market cap of $400.52 million, a PE ratio of 20.84 and a beta of 1.83.

Institutional Trading of Genesco

A number of hedge funds have recently modified their holdings of GCO. Group One Trading LLC bought a new stake in shares of Genesco in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp acquired a new stake in Genesco during the first quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Genesco in the 4th quarter worth approximately $37,000. BNP Paribas Financial Markets boosted its stake in Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after buying an additional 941 shares in the last quarter. Finally, Quarry LP raised its stake in Genesco by 182.2% during the third quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares in the last quarter. Hedge funds and other institutional investors own 94.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GCO shares. Weiss Ratings downgraded Genesco from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, June 12th. Wall Street Zen downgraded shares of Genesco from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Seaport Research Partners lowered shares of Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research raised Genesco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Genesco in a research note on Friday, March 6th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $36.67.

About Genesco

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.