Genesco Inc. Reports Fiscal 2021 First Quarter Results
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Genesco (GCO) Misses Q1 EPS by $1.13, Revenues Miss; Provides Business Update on Reopening & COVID-19 Actions
June 9, 2020 6:54 AM EDTGenesco (NYSE: GCO) reported Q1 EPS of ($3.65), $1.13 worse than the analyst estimate of ($2.52). Revenue for the quarter came in at $279 million versus the consensus estimate of $306.47 million.
First Quarter Fiscal 2021 Financial Summary
Net sales decreased 44% to $279 million with stores closed starting in mid-March
GAAP EPS from continuing operations was ($9.54) vs. $0.36 last year
Non-GAAP EPS from continuing operations was ($3.65)1 vs. $0.33 last year
Genesco Inc. (NYSE: GCO) today reported a GAAP loss from continuing operations per diluted share of ($9.54) for the three months ended May 2, 2020, compared to earnings from... More
