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Genesco Inc. Reports Fiscal 2022 First Quarter Results


First Quarter Fiscal 2022 Financial Summary
Net sales increased 93% from last year to $539 million
Net sales increased 9% over the first quarter two years ago with stores open about 90% of days
GAAP operating income increased 71% over first quarter two years ago
Non-GAAP operating income increased 125% over first quarter two years ago
Comparable direct sales increased 43%
Inventory down 23%
Non-GAAP EPS from continuing operations was $0.79
1 vs. ($3.65) last year and $0.33 two years ago
Genesco Inc. (NYSE: GCO) today reported GAAP earnings from continuing operations per diluted share of $0.60 for the three months ended May 1, 2021, compared to a loss from continuing operations per diluted share of ($9.54) in the first quarter last year and earnings from continuing operations of $0.36 per diluted share two years ago.  Adjusted for the Excluded Items in all periods, the Company reported first quarter earnings from continuing operations per ....

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Genesco: Q1 Earnings Insights


52-week low: $14.07
Company Description
Genesco Inc sells footwear, headwear, sports apparel, and accessories. The company has four reportable segments namely Journeys Group, derives maximum revenue which comprised of Journeys, Journeys Kidz and Little Burgundy retail footwear chains, e-commerce operations, and catalog. Its Schuh Group, comprised of the Schuh retail footwear chain and e-commerce operations. The Johnston & Murphy Group, comprised of Johnston & Murphy retail operations, e-commerce operations and catalog and wholesale distribution of products under the Johnston & Murphy and H.S. Trask brands. Licensed Brands, comprised of Dockers Footwear, under a license from Levi Strauss & Company.
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