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

Genesco (NYSE:GCO - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.30 by $0.31, Zacks reports. The business 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 company's quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. 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 %

NYSE GCO traded up $3.54 during trading on Friday, hitting $40.95. The company's stock had a trading volume of 362,542 shares, compared to its average volume of 136,801. Genesco has a fifty-two week low of $23.21 and a fifty-two week high of $43.00. The company has a market cap of $459.54 million, a PE ratio of -16.85 and a beta of 2.47. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.40. The business's 50 day simple moving average is $29.80 and its 200-day simple moving average is $28.11.

Analyst Ratings Changes

Separately, StockNews.com raised Genesco from a "hold" rating to a "buy" rating in a research report on Friday.

About Genesco

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.