Genesco: Fiscal Q1 Earnings Snapshot
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Genesco Inc. (GCO) on Wednesday reported a loss of $21.2 million in its fiscal first quarter.
The Nashville, Tennessee-based company said it had a loss of $2.02 per share. Losses, adjusted for one-time gains and costs, were $2.05 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $2.09 per share.
The seller of footwear, hats, clothing and accessories posted revenue of $474 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $463.2 million.
Genesco expects full-year earnings in the range of $1.30 to $1.70 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GCO at https://www.zacks.com/ap/GCO
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