$GCO (Genesco Inc.)

$GCO {{ '2016-09-01T14:55:34+0000' | timeago}} • Webcast

$GCO said FY17 tax rate is expected to be 36.4%. The company expects CapEx in the $110-120MM range, which is down from prior planned levels and including some investment in a planned expansion of the Journeys distribution center. Depreciation and amortization is estimated at $76MM and $GCO is assuming average shares outstanding of 20.4MM for FY17.

$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.

$GCO {{ '2016-12-02T14:31:47+0000' | timeago}} • Webcast

$GCO's consolidated comparable sales decreased 3%, with same store comp sales decrease of 4% and e-commerce & catalog comp sales growth of 7%. The result was driven by a 8% decrease in the Journeys Group, a 2% increase in the Lids Sports Group, flat comp sales in the Schuh Group, and a 1% increase in the Johnston & Murphy Group.

$GCO {{ '2016-12-02T13:11:00+0000' | timeago}} • Announcement

$GCO reiterated expectations for adjusted EPS for FY17 in the range of $3.80-4.00. The outlook takes into account better than expected 3Q17 performance and positive effect of the World Series win. This guidance assumes a comparable sales decrease in the 2-3% range for the full year.

$GCO {{ '2016-12-02T13:04:26+0000' | timeago}} • Announcement

$GCO's net sales for 3Q17 dropped to $710.82MM from $773.9MM last year. Comparable sales, including same store sales and comparable e-commerce and catalog sales, declined 3%, with an 8% decline in the Journeys Group, a 2% rise in the Lids Sports Group, flat comparable sales in the Schuh Group, and 1% rise in Johnston & Murphy Group.

$GCO {{ '2016-12-02T13:00:54+0000' | timeago}} • Announcement

Footwear, hats, clothing and accessories seller $GCO reported a drop in 3Q17 earnings due to sale of Lids Team Sports business in 4Q16 and 3% decrease in sales from businesses operated during both periods. Net income fell to $25.9MM or $1.30 per share from $32.51MM or $1.42 per share last year. Adjusted EPS declined to $1.28 from $1.40.

$GCO {{ '2016-09-01T15:39:04+0000' | timeago}} • Webcast

Jill Nelson of Johnson Rice asks if back-to-school shopping season is starting later than previous years. $GCO CEO Robert Dennis replied that there is a slightly later pattern going on. He also added that the company has accounted for that in its thinking about guidance.

$GCO {{ '2016-09-01T15:28:58+0000' | timeago}} • Webcast

Jonathan Komp of Robert W. Baird asks whether the operating margin outlook for Lids has changed. CFO Mimi Vaughn said net-net $GCO expects to come out about where the company thought it would be with Lids.

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