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

Genesco (NYSE:GCO) released its quarterly earnings data on Friday. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.31, Zacks reports. The business had revenue of $596.30 million for the quarter, compared to analyst estimates of $577.73 million. Genesco had a positive return on equity of 0.49% and a negative net margin of 0.03%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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 Stock Up 9.5 %

Shares of NYSE GCO opened at $40.95 on Friday. The stock has a fifty day moving average price of $29.80 and a 200 day moving average price of $28.12. The company has a current ratio of 1.53, a quick ratio of 0.40 and a debt-to-equity ratio of 0.15. Genesco has a 12-month low of $23.21 and a 12-month high of $43.00. The company has a market cap of $459.54 million, a P/E ratio of -16.85 and a beta of 2.47.

Analyst Ratings Changes

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.