$GCO (Genesco Inc.)

$GCO {{ '2016-09-01T14:45:08+0000' | timeago}} • Webcast

$GCO said CapEx was $23MM and depreciation and amortization was $19MM for 2Q17. The company repurchased 309,000 shares for roughly $20MM at an average price per share of $64.72.

$GCO {{ '2017-12-05T20:52:17+0000' | timeago}} • Announcement

$GCO said President James C. Estepa, Chief Executive Officer of The Journeys Group,  announced his intention to retire from his current position effective Feb. 1, 2018.  He will remain employed by Genesco as Chairman Emeritus of the Journeys Group, assisting with the transition of his duties, until June 30, 2018

$GCO {{ '2017-12-01T19:27:09+0000' | timeago}} • Announcement

Specialty retailer $GCO reported 3Q18 net loss of $164.8MM, or $8.55 per share, compared to earnings of $25.9MM, or $1.30 per share, for 3Q17. The results include a goodwill impairment charge of $182.2MM. Net sales during the quarter marginally rose by 1% to $717MM. Comp sales, including same store sales and e-commerce sales, rose 1%.

$GCO {{ '2017-09-05T13:59:05+0000' | timeago}} • Announcement

$GCO appointed Mario Gallione as president of its Journeys retail division. Gallione will report to James Estepa, who will continue to serve as CEO of The Journeys Group. Estepa also remains a SVP of Genesco. Gallione's appointment is intended as the first step in a succession plan to prepare for Estepa's eventual retirement.

$GCO {{ '2017-08-31T14:09:29+0000' | timeago}} • Announcement

$GCO lowered its FY18 outlook and expects EPS in the range of $3.35 to $3.65, compared to earlier range of $3.90 to $4.05. These do not include expected non-cash asset impairments and other charges, estimated in the range of $4.7MM to $5.8MM pretax, or $0.16 to $0.20 per share after tax. The comparable sales would be in the range of -1% to 1%.

$GCO {{ '2017-08-31T14:08:10+0000' | timeago}} • Announcement

The consolidated comparable sales of $GCO in 2Q18, including same store sales and comparable e-commerce and catalog sales, were flat, with 1% spike in Journeys Group, 2% cut in Lids Sports Group,  3% increase in the Schuh Group, and 1% fall in Johnston & Murphy Group. This included 2% decline in same store sales and 30% rise in e-commerce sales.

$GCO {{ '2017-08-31T14:07:00+0000' | timeago}} • Announcement

Continuing effect of shift from stores to digital shopping coupled with gross margin headwinds and higher promo activity took the sheen off designer company $GCO in 2Q18 as it recorded a net loss of $3.95MM or $0.21 per share compared to a profit of $14.58 or $0.72 per share a year ago. The net sales for the quarter dipped to $617MM from $626MM.

$GCO {{ '2017-05-25T18:11:23+0000' | timeago}} • Webcast

As $GCO posted 1Q18 results, the footwear designer said it plans to open around 100 new stores focusing on "Journeys Kidz" brand in Canada and the UK in FY18. Going forward into the year, Genesco sees to "prune" its portfolio by closing over 100 stores upon lease expirations.

$GCO {{ '2017-05-25T12:23:05+0000' | timeago}} • Announcement

For FY18, $GCO cut down its adjusted diluted EPS outlook to $3.90-4.05 compared to the previous outlook of $4.40-4.55. The company has adopted a more conservative outlook for store-based sales due to the year-to-date low level of mall traffic and the shift in consumer spending from stores to online. Comp sales are estimated to be flat to up to 1%.

$GCO {{ '2017-05-25T12:16:55+0000' | timeago}} • Announcement

Footwear designer $GCO posted a lower profit in 1Q18. Net earnings nosedived to $0.885MM or $0.05 per share compared to $10.4MM or $0.50 per share a year ago. Recently ended quarter results reflect a pretax asset impairment charge of $0.1MM and 1Q17 results reflect pretax asset impairment charges of $3.4MM. Sales decreased 0.85% to $643MM.

$GCO {{ '2017-03-10T19:00:18+0000' | timeago}} • Webcast

In 4Q17, $GCO’s Lids Sports Group’s sales decreased 7% to $279MM versus 4Q16. Journeys Group’s sales fell 3.1% to $391MM.Schuh Group’s sales were $110MM, down 9.9%. Johnston & Murphy Group’s sales grew 1.2% to $82MM and the Licensed Brands Group’s sales decreased 16% to $21MM compared to 4Q16.

$GCO {{ '2017-03-10T18:42:41+0000' | timeago}} • Webcast

$GCO's gross margin for 4Q17 improved 190BP to 47.3% led by the Lids Sports Group and the Schuh Group where better results offset declines in Journeys. Gross margin for Lids improved almost 700BP partly reflecting the sale of Lids Team Sports, which was a lower margin business. Schuh saw a gross margin improvement of 380BP in 4Q17.

$GCO {{ '2017-03-10T13:02:30+0000' | timeago}} • Announcement

Nashville-based retailer $GCO expects adjusted diluted EPS for FY18 in the range of $4.40 to $4.55. The forecast excludes expected non-cash asset impairments and other charges, estimated at $5.8-6.8MM pretax, or $0.22-0.26 per share after tax. This guidance assumes comparable sales increases in the 2-3% range for the full year.

$GCO {{ '2017-03-10T12:56:40+0000' | timeago}} • Announcement

$GCO's comparable sales, which include same store and comparable direct sales, were flat for 4Q17, as opposed to a 4% improvement a year ago. Total retail units fell to 2,794 as of Jan 2017 end, from 2,852 stores a year ago. Quarterly results reflect a total pretax gain of $9.2MM, partially offset by $3.9MM of asset impairment charges and expenses.

$GCO {{ '2017-03-10T12:53:43+0000' | timeago}} • Announcement

Apparel retailer $GCO posted a 4.2% increase in 4Q17 net earnings to $46.55MM or $2.39 per diluted share from $44.66MM or $2.06 per diluted share a year ago, helped by a $12.3MM gain on the sale of SureGrip Footwear. Net sales dipped 5% to $883.2MM.

$GCO {{ '2016-12-07T18:11:46+0000' | timeago}} • Announcement

Shoes For Crews (SFC) agreed to buy the SureGrip Footwear subsidiary of $GCO for undisclosed terms. The transaction is expected to close by the end of 2016. Adding SureGrip's branded products to SFC's portfolio will strengthen SFC's position as the trusted category creator and industry leader in safety footwear.

$GCO {{ '2016-12-02T15:08:58+0000' | timeago}} • Webcast

$GCO expects to open 88 stores and close 91 stores for FY17. Gross margin is expected to be up 140-160 bps and CapEx is expected to be in the range of $110-120MM. The company expects depreciation and amortization expenses of $76MM and average shares outstanding of 20.2MM.

$GCO {{ '2016-12-02T15:03:20+0000' | timeago}} • Webcast

$GCO said 4Q17 consolidated comp sales through November end decreased 2%, with positive impact of the World Series on the Lids Sports sales offsetting weaker comps so far. The company expect the Cubs' victory to continue to drive sales through 4Q17, with less impact than the gains immediately following the Series.

$GCO {{ '2016-12-02T15:03:07+0000' | timeago}} • Webcast

$GCO's top-line performance, effective management of selling costs, and share repurchases made during 3Q17 allowed to deliver earnings per share ahead of expectations. The company said it is able to offset some of the bottom line pressure caused by negative expense leverage on lower sales through gross margin expansion.

$GCO {{ '2016-12-02T14:52:51+0000' | timeago}} • Webcast

$GCO opened 15 stores and closed 8 stores in Journeys Group, and opened 1 store and closed 1 store in Schuh Group. In Lids Sports, the company opened 6 new stores and closed 14 stores, while in Johnston & Murphy, opened 2 new stores. In total, $GCO opened 24 new retail units and closed 23 units, resulting in 2,806 units at the end of 3Q17.

$GCO {{ '2016-12-02T14:43:06+0000' | timeago}} • Webcast

$GCO's Journeys Group sales decreased 2.4% to $314.2MM, while Johnston & Murphy Group grew 2.4% to 72.1MM in 3Q17. Schuh Group sales decreased 11% to $90.1MM and Licensed Brands grew 4.5% to $34.1MM. Lids Sports Group fell 19% to 200.2MM.

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