Genesco (NYSE:GCO) Releases FY 2026 Earnings Guidance

Genesco (NYSE:GCO - Get Free Report) updated its FY 2026 earnings guidance on Friday. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 2.350. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.4 billion.

Genesco Stock Performance

NYSE:GCO traded down $2.29 during trading hours on Tuesday, reaching $20.23. The company had a trading volume of 714,747 shares, compared to its average volume of 165,243. The firm's 50 day moving average price is $39.39 and its 200-day moving average price is $34.24. The firm has a market cap of $226.76 million, a price-to-earnings ratio of -8.32 and a beta of 2.41. The company has a current ratio of 1.56, a quick ratio of 0.32 and a debt-to-equity ratio of 0.19. Genesco has a 52 week low of $20.14 and a 52 week high of $44.80.

Genesco (NYSE:GCO - Get Free Report) last issued its quarterly earnings data on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.05). Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. The firm had revenue of $745.95 million during the quarter, compared to the consensus estimate of $780.43 million. During the same period in the previous year, the firm earned $2.59 EPS. On average, analysts forecast that Genesco will post 0.94 EPS for the current year.

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Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Genesco from a "buy" rating to a "hold" rating in a report on Friday.

Insiders Place Their Bets

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $42.68, for a total value of $170,720.00. Following the sale, the vice president now owns 41,358 shares of the company's stock, valued at approximately $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 7.09% of the company's stock.

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.