Genesco Inc. operates as a retailer and wholesaler of footwear, apparel, and accessories. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children. The Schuh Group segment operates Schuh retail footwear stores that offer casual and athletic footwear, as well as sells footwear through e-commerce. The Johnston & Murphy Group segment is involved in the retail, e-commerce, and catalog operations; and wholesale distribution of footwear, apparel, and accessories primarily for men. The Licensed Brands segment markets footwear under the Levi's, Dockers, and G.H. Bass brands for men. As of January 30, 2021, the company operated approximately 1,460 retail stores in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland primarily under the Journeys, Journeys Kidz, Schuh, Little Burgundy, and Johnston & Murphy names. Its Internet Websites include journeys.com, journeyskidz.com, journeys.ca, schuh.co.uk, schuh.ie, schuh.eu, johnstonmurphy.com, littleburgundyshoes.com, and johnstonmurphy.ca. Genesco Inc. was incorporated in 1924 and is headquartered in Nashville, Tennessee.
IPO Year:
Exchange: NYSE
Website: genesco.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
3/5/2024 | $43.00 → $31.00 | Buy → Neutral | B. Riley Securities |
12/15/2023 | $43.00 | Buy | B. Riley Securities |
12/4/2023 | Buy → Neutral | Seaport Research Partners | |
3/28/2023 | $50.00 | Neutral → Buy | Seaport Research Partners |
8/30/2022 | Buy → Neutral | Seaport Research Partners | |
1/18/2022 | $72.00 | Buy | Seaport Research Partners |
11/30/2021 | $64.00 | Hold | Jefferies |
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B. Riley Securities downgraded Genesco from Buy to Neutral and set a new price target of $31.00 from $43.00 previously
B. Riley Securities initiated coverage of Genesco with a rating of Buy and set a new price target of $43.00
Seaport Research Partners downgraded Genesco from Buy to Neutral
Seaport Research Partners upgraded Genesco from Neutral to Buy and set a new price target of $50.00
Seaport Research Partners downgraded Genesco from Buy to Neutral
Seaport Research Partners initiated coverage of Genesco with a rating of Buy and set a new price target of $72.00
Jefferies resumed coverage of Genesco with a rating of Hold and set a new price target of $64.00
Pivotal Research Group reiterated coverage of Genesco with a rating of Buy and set a new price target of $65.00 from $57.00 previously
Pivotal Research Group reiterated coverage of Genesco with a rating of Buy and set a new price target of $54.00 from $43.00 previously
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the third quarter fiscal 2025 on December 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the third quarter results will be available on the Genesco website on December 6, 2024 at https://www.genesco.com/investor-relations/news-events/events Abou
A photo is available on Business Wire's website and the Associated Press photo network of more than 150 Genesco employees fitting approximately 250 students at Ida B. Wells Elementary School in Nashville with new shoes from the Nashville-based footwear focused retailer in celebration of its 100th anniversary. The photo is courtesy of Genesco, Inc. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003973121/en/More than 150 Genesco employees fitted approximately 250 students at Ida B. Wells Elementary School in Nashville today with new shoes from Nashville-based footwear focused retailer in celebration of its 100th anniversary. Ge
--A proven CFO, finance leader and seasoned global retail and consumer brands executive, Harris adds significantly to Genesco's deep leadership bench-- Genesco Inc. (NYSE:GCO), after a broad search process, today announced the appointment of Cassandra "Sandra" Harris as Senior Vice President, Finance and Chief Financial Officer, effective October 7, 2024. Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930244006/en/Cassandra "Sandra" Harris, Genesco Senior Vice President, Finance and Chief Financial
Financial Performance Exceeds Expectations, Driven by Journeys Reaffirms Fiscal 2025 EPS Outlook Genesco Inc. (NYSE:GCO) today reported second quarter results for the three months ended August 3, 2024. Second Quarter Fiscal 2025 Financial Summary Total net sales increased to $525 million; comparable sales decreased 2% Comparable e-commerce sales increased 8%; comparable store sales decreased 4% E-commerce sales represented 22% of retail sales compared to 21% last year GAAP EPS was ($0.91) and Non-GAAP EPS was ($0.83)1 Inventory decreased 8% year-over-year Repurchased $9.3 million of stock with $42.8 million remaining on the expanded share repurchase authorization ann
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the second quarter fiscal 2025 on September 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the second quarter results will be available on the Genesco website on September 6, 2024 at https://www.genesco.com/investor-relations/news-events/events
--Accomplished Global Brand Executive Will Lead All Marketing Functions-- Journeys announced today the appointment of Stacy Doren as Executive Vice President and Chief Marketing Officer of the Journeys Group, effective August 1, 2024. An accomplished global brand executive, Doren will lead all marketing functions, building on Journeys' foundation as a leader in teen fashion footwear retail. "Stacy is an exceptional marketing leader with a resolute commitment to consumer-centric strategies. Her brand-building capabilities and strategic foresight make her the ideal partner in shaping Journeys' future chapters," said Journeys Group President Andy Gray. Doren joins Journeys after an imp
The American Premium Lifestyle Brand Redesigns Stores at Short Hills and Twelve Oaks Attracting Today's Modern Customer NASHVILLE, Tenn., July 9, 2024 /PRNewswire/ -- American premium lifestyle brand Johnston & Murphy recently revamped the design of two retail locations at The Mall at Short Hills in Short Hills, N.J. and Twelve Oaks Mall in Novi, Mich. Both stores feature an evolution of the company's existing design with clean lines and quality finishes creating a bright and inviting atmosphere to display the brand's full line of footwear, apparel and accessories for today's modern customer. "This is an exciting time for Johnston & Murphy. Our sales continue to be on a strong growth trajec
Top and Bottom-Line Results Exceed Expectations, Led by Journeys Reaffirms Fiscal 2025 Outlook Genesco Inc. (NYSE:GCO) today reported first quarter results for the three months ended May 4, 2024. First Quarter Fiscal 2025 Financial Summary Total net sales decreased 5%; comparable sales decreased 5% Comparable e-commerce sales increased 3%; comparable store sales decreased 7% E-commerce sales represented 23% of retail sales compared to 21% last year GAAP EPS was ($2.22) and Non-GAAP EPS was ($2.10)1 Inventory decreased 17% year-over-year Reaffirms fiscal 2025 sales and EPS outlook Mimi E. Vaughn, Genesco's Board Chair, President and Chief Executive Officer, said, "
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the first quarter fiscal 2025 on May 31, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the first quarter results will be available on the Genesco website on May 31, 2024 at https://www.genesco.com/investor-relations/news-events/events About Genesc
The 174-year-old American legacy brand launches 'Not Your Dad's Shoe Company' designed to inspire customers and transform current perception NASHVILLE, Tenn., April 15, 2024 /PRNewswire/ -- Today, American premium lifestyle brand, Johnston & Murphy reveals its new image campaign titled, 'Not Your Dad's Shoe Company.' Designed to reshape how customers think of the 174-year-old brand, the bold new campaign highlights the company's deep heritage while inspiring audiences to perceive Johnston & Murphy as more than a dress shoe company. The 'Not Your Dad's Shoe Company' campaign is part of a strategic repositioning that leverages the brand's rich legacy while modernizing to remain relevant and b
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Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the third quarter fiscal 2025 on December 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the third quarter results will be available on the Genesco website on December 6, 2024 at https://www.genesco.com/investor-relations/news-events/events Abou
Financial Performance Exceeds Expectations, Driven by Journeys Reaffirms Fiscal 2025 EPS Outlook Genesco Inc. (NYSE:GCO) today reported second quarter results for the three months ended August 3, 2024. Second Quarter Fiscal 2025 Financial Summary Total net sales increased to $525 million; comparable sales decreased 2% Comparable e-commerce sales increased 8%; comparable store sales decreased 4% E-commerce sales represented 22% of retail sales compared to 21% last year GAAP EPS was ($0.91) and Non-GAAP EPS was ($0.83)1 Inventory decreased 8% year-over-year Repurchased $9.3 million of stock with $42.8 million remaining on the expanded share repurchase authorization ann
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the second quarter fiscal 2025 on September 6, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the second quarter results will be available on the Genesco website on September 6, 2024 at https://www.genesco.com/investor-relations/news-events/events
Top and Bottom-Line Results Exceed Expectations, Led by Journeys Reaffirms Fiscal 2025 Outlook Genesco Inc. (NYSE:GCO) today reported first quarter results for the three months ended May 4, 2024. First Quarter Fiscal 2025 Financial Summary Total net sales decreased 5%; comparable sales decreased 5% Comparable e-commerce sales increased 3%; comparable store sales decreased 7% E-commerce sales represented 23% of retail sales compared to 21% last year GAAP EPS was ($2.22) and Non-GAAP EPS was ($2.10)1 Inventory decreased 17% year-over-year Reaffirms fiscal 2025 sales and EPS outlook Mimi E. Vaughn, Genesco's Board Chair, President and Chief Executive Officer, said, "
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the first quarter fiscal 2025 on May 31, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the first quarter results will be available on the Genesco website on May 31, 2024 at https://www.genesco.com/investor-relations/news-events/events About Genesc
Johnston & Murphy and Schuh Achieved Record Sales in FY24 Journeys Delivered Another Quarter of Sequential Comp Improvement Fourth Quarter E-Commerce Sales Increased 5% Genesco Inc. (NYSE:GCO) today reported fourth quarter and full fiscal year results for the three and twelve months ended February 3, 2024. Fourth Quarter Fiscal 2024 Financial Summary Net sales of $739 million this year (14 weeks) increased 2% compared to Q4FY23 (13 weeks) Comps down 4%, with stores down 7% and direct up 5% E-commerce sales represented 27% of retail sales compared to 25% last year GAAP EPS from continuing operations was $1.84 vs. $3.23 last year Non-GAAP EPS from continuing operations
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the fourth quarter fiscal 2024 on March 8, 2024, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the fourth quarter results will be available on the Genesco website on March 8, 2024 at https://www.genesco.com/investor-relations/news-events/events About Ge
Genesco Inc. (NYSE:GCO) today reported third quarter results for the three months ended October 28, 2023. Third Quarter Fiscal 2024 Financial Summary Net sales of $579 million decreased 4% compared to Q3FY23 Comps down 4%, with stores down 7% and direct up 8% E-commerce sales represented 21% of retail sales compared to 18% last year GAAP EPS from continuing operations was $0.60 vs. $1.66 last year Non-GAAP EPS from continuing operations was $0.571 vs. $1.65 last year Mimi E. Vaughn, Genesco's Board Chair, President and Chief Executive Officer, said, "Following a good Back-to-School season, demand in October softened in an ongoing challenging operating environment, along
Genesco Inc. (NYSE:GCO) today announced that the Company will report results for the third quarter fiscal 2024 on December 1, 2023, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central Time) the same day. A live audio webcast of the conference call will be available at https://www.genesco.com/investor-relations/news-events/events An audio archive of the call will be available for up to one year at https://www.genesco.com/investor-relations/news-events/events In addition, a summary of the third quarter results will be available on the Genesco website on December 1, 2023, at https://www.genesco.com/investor-relations/news-events/events Abo
Genesco Inc. (NYSE:GCO) today reported second quarter results for the three months ended July 29, 2023. Second Quarter Fiscal 2024 Financial Summary Net sales of $523 million decreased 2% compared to Q2FY23 Comps down 2%, with stores down 6% and direct up 14% E-commerce sales represented 21% of retail sales compared to 18% last year Gross margin improved 20 basis points GAAP EPS from continuing operations was ($2.79) vs. $0.59 last year Non-GAAP EPS from continuing operations was ($0.85)1 vs. $0.59 last year Repurchased $22.9 million of stock or 8% of outstanding shares during Q2FY24, with $52.1 million remaining on the expanded share repurchase authorization announce
--A proven CFO, finance leader and seasoned global retail and consumer brands executive, Harris adds significantly to Genesco's deep leadership bench-- Genesco Inc. (NYSE:GCO), after a broad search process, today announced the appointment of Cassandra "Sandra" Harris as Senior Vice President, Finance and Chief Financial Officer, effective October 7, 2024. Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240930244006/en/Cassandra "Sandra" Harris, Genesco Senior Vice President, Finance and Chief Financial
--Accomplished Global Brand Executive Will Lead All Marketing Functions-- Journeys announced today the appointment of Stacy Doren as Executive Vice President and Chief Marketing Officer of the Journeys Group, effective August 1, 2024. An accomplished global brand executive, Doren will lead all marketing functions, building on Journeys' foundation as a leader in teen fashion footwear retail. "Stacy is an exceptional marketing leader with a resolute commitment to consumer-centric strategies. Her brand-building capabilities and strategic foresight make her the ideal partner in shaping Journeys' future chapters," said Journeys Group President Andy Gray. Doren joins Journeys after an imp
Exceptional brand strategist and merchant tapped to lead the buying and merchandising team for the iconic teen footwear retailer Genesco Inc. (NYSE:GCO) announced today the appointment of Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024. Santaella replaces Pete Hicks who retired in October 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240104920807/en/GCO) announced today the appointment of Chris Santaella as executive vice president and chief merchandising officer of the Journeys Group, effective February 5, 2024. Santaella replaces Pete Hicks
A proven leader and seasoned global consumer product executive who brings deep footwear and retail industry expertise, Gray adds meaningfully to Genesco's already deep leadership bench Genesco Inc. (NYSE:GCO), after a broad search process, today announced the appointment of Andy Gray as the new President of the Journeys Group, effective January 3, 2024. In this role, Gray will drive strategic growth for the Company's largest business, building on the foundation of Journeys' leading position in teen fashion footwear retail and its brand mission of living life with an attitude that celebrates self-expression inspired by youth culture. He succeeds Journeys Group President Mario Gallione, who
Matt Bilunas, Best Buy Chief Financial Officer, and Carolyn Bojanowski, Sephora Executive Vice President and Recent General Manager Sephora.com, Join Genesco BoardMatt Diamond and Kevin McDermott Will Retire from Board and Will Not Seek Reelection at Genesco's 2023 Annual MeetingNew Board Additions Reflect Genesco's Commitment to Ongoing Board RefreshmentNASHVILLE, Tenn., Nov. 22, 2022 /PRNewswire/ -- Genesco Inc. (NYSE:GCO) today announced the appointments of two new independent directors Matthew M. Bilunas, Chief Financial Officer of Best Buy Co., Inc., and Carolyn Bojanowski, Executive Vice President Merchandising, Sephora USA, to Genesco's Board of Directors, effective January 29, 2023,
--Former Chief Executive Officer and Director of Tractor Supply Company Joined Genesco Board in 2021-- NASHVILLE, Tenn., June 27, 2022 /PRNewswire/ -- Genesco Inc. (NYSE:GCO) announced today that the independent directors of the Genesco Board have unanimously selected Gregory A. Sandfort as the Company's Lead Independent Director, effective June 23, 2022. Sandfort succeeds Matthew C. Diamond who has served in that role for the past four years. Sandfort, who joined Genesco's Board in 2021, will continue to serve on Genesco's Audit and Compensation committees. Diamond will remain on the Genesco Board. "We are pleased to announce Greg's appointment as our next lead independent director," said
NASHVILLE, Tenn., June 7, 2021 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) ("Genesco" or the "Company") today filed definitive proxy materials with the Securities and Exchange Commission ("SEC") in connection with the Company's Annual Meeting of Shareholders (the "Annual Meeting"), which is scheduled to be held on July 20, 2021. Shareholders of record as of close of business on June 28, 2021 will be entitled to vote at the meeting. The proxy statement and other important information related to the Annual Meeting can be found at www.genescodrivingvalue.com. The Company today also sent a letter to shareholders that outlines: Genesco's successful execution of its footwear focused strategy, which
NASHVILLE, Tenn., Dec. 1, 2020 /PRNewswire/ -- Genesco Inc. (NYSE: GCO) today announced that Thomas A. George is joining the company as senior vice president-finance and interim chief financial officer, effective December 14, 2020. He succeeds Melvin G. Tucker, whose resignation was effective November 27, 2020. (PRNewsfoto/Genesco Inc.) George brings significant leadership experience to the role having served nine years as chief financial officer of global footwear company, Deckers Brands, where, during his tenure, the company doubled its revenue and increased its market capitalization fourfold. Earlier in his career, he was chief financial officer of Oakley, the glo
Genesco Inc (NYSE:GCO) shares are trading higher after the company reported better-than-expected first-quarter FY25 earnings. The company reported a first-quarter sales decline of 5.3% year-on-year to $457.60 million, beating the analyst’s consensus estimate of $445.05 million. The sales decrease was driven by a decline in store sales, decreased wholesale sales and the impact of net store closings. Total comparable sales declined 5%. Comparable e-commerce sales increased 3%; comparable store sales decreased 7%. E-commerce sales represented 23% of retail sales compared to 21% last year. Overall sales dropped 5% at Journeys, slipped 1% at Schuh, 4% at Johnston & Murphy, and decrea
Stocks look set to end May on a positive note, even as index futures pointed to a negative opening on Friday. But sentiment could reverse if important inflation data due ahead of the market open appeases Wall Street. The inflation data assumes importance as it could have a bearing on the June 11-12 Federal Reserve’s rate-setting meeting, with the May consumer price inflation report due only on May 12. Reactions to earnings, especially from the tech and retail spaces, have been mixed. FuturesPerformance (+/-)Nasdaq 100-0.48%S&P 500-0.31%Dow-0.15%R2K-0.57% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.26% to $521.27, and the Invesco QQQ ETF (NASDAQ:QQQ) tra
Genesco (NYSE:GCO) reported quarterly losses of $(2.10) per share which beat the analyst consensus estimate of $(2.70) by 22.22 percent. This is a 32.08 percent decrease over losses of $(1.59) per share from the same period last year. The company reported quarterly sales of $457.60 million which beat the analyst consensus estimate of $445.05 million by 2.82 percent. This is a 5.32 percent decrease over sales of $483.33 million the same period last year.
The CNN Money Fear and Greed index showed further decline in the overall market sentiment, but the index remained in the “Neutral” zone on Thursday. U.S. stocks settled lower on Thursday, with the Dow Jones index falling more than 300 points during the session. However, all three major indices are on course to record gains for May, with the S&P 500 gaining 4%, and the Dow adding around 0.8% this month. On the economic data front, U.S. initial jobless claims increased by 3,000 to 219,000 in the week ending May 25, compared to market estimates of 218,000. The U.S. economy grew an annualized 1.3% in the first quarter, compared to 3.4% in the prior quarter. The U.S. trade deficit in goods
With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Genesco Inc. (NYSE:GCO) to report a quarterly loss at $2.70 per share on revenue of $445.65 million before the opening bell, according to data from Benzinga Pro. Genesco shares fell 1.1% to $26.99 in after-hours trading. Dell Technologies Inc. (NYSE:DELL) reported upbeat earnings and sales results for the first quarter. Dell's fiscal first-quarter revenue increased 6% year-over-year to $22.24 billion, beating the consensus estimate of $21.67 billion, according to Benzinga Pro. The company reported adjusted earnings of $1.27 per share,
Shares of Marvell Technology, Inc. (NASDAQ:MRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance. Marvell said fourth-quarter revenue increased 1% year-over-year to $1.427 billion, which beat the consensus estimate of $1.42 billion. The chip designer reported quarterly earnings of 46 cents per share, which was in line with analyst estimates. Marvell sees first-quarter revenue of $1.15 billion, plus or minus 5%, versus estimates of $1.371 billion. The company sees first-quarter adjusted earnings of 23 cents per share, plus or minus 5 cents per share, versus estimates of 40 cents per share. The company authorized a
Genesco Inc (NYSE:GCO) shares are plummeting after reporting fourth-quarter FY24 sales growth of 2% year-on-year to $738.95 million, beating the analyst consensus estimate of $705.66 million. Excluding the 14th week, sales would have decreased 2% for the fourth quarter of fiscal 2024. Total comparable sales declined 4%. Overall sales dropped 2% at Journeys, grew 6% at Schuh, up 9% at Johnston & Murphy, and increased 24% at Genesco Brands. Adjusted EPS of $2.59 missed the analyst consensus of $3.04. Gross margin was 46.3%, a 10 basis points contraction Y/Y. Operating margin was 5%, and operating income for the quarter was $37.3 million. The company held $35.2 million in cash an