Genesco gains on upbeat annual profit forecast
03/09/2026 14:58
BUZZ-Genesco gains on upbeat annual profit forecast ** Shares of apparel and footwear retailer Genesco GCO.N up 2% at $34.25
** Company forecasts FY2027 adj. EPS at the high end of the $2.00 to $2.40 range, versus the midpoint of the same range previously
** Reports Q2 net sales of $529.9 million, down ~3% from the year earlier due to store closures, lower licensed sales and weak demand at its UK-based footwear chain Schuh
** Posts quarterly loss of 83 cents per share vs a $1.14 loss a year earlier
** Company expects annual comparable sales to be flat vs its prior expectation of 1% to 2% growth
** Up to last close, shares up ~35% YTD
(Reporting by Shania S Thomas in Bengaluru)