Latest news with #SandraHarris
Yahoo
8 hours ago
- Yahoo
‘I am horrified,' Residents react after Bryant police make an arrest in connection to triple homicide
ALEXANDER, Ark. – Bryant police have made an arrest in a triple homicide that happened on Lena Drive in Alexander on Sunday. A quiet neighborhood turned into a crime scene Sunday morning after police responded to a caller saying he came home from work and found his wife and in-laws dead with gunshot wounds. Sandra Harris, a neighbor who lives just down the street from the police tape, shared her reaction. 'I am horrified. I have been here since 2018, and I have never lived where there has been a triple homicide ever,' Harris said. Bryant police investigating after three found dead Sunday morning Police arrested 34-year-old Jarrod Mitchell eight hours after responding to the 911 call. He's charged with the killing of his sister and both parents. While the arrest has brought some relief to the community, sorrow still weighs heavy on the heart — especially for the three kids who were in the home, uninjured, when police arrived. 'That is very sad and heartbreaking because I am a grandmother myself,' Harris said. Bryant police said Mitchell was transported to the Saline County Detention Center and faces three counts of 1st degree murder. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
04-06-2025
- Business
- Yahoo
Genesco Acknowledges 'More Pronounced' Tariff Impact, Stands By Guidance
Genesco Inc. (NYSE:GCO), on Wednesday, reported mixed first-quarter 2026 results and reaffirmed fiscal 2026 EPS guidance. The company reported an adjusted loss per share of $2.05, missing the street view of $2.00 loss. Quarterly sales of $473.973 million (increased 4% year over year) were above the analyst consensus estimate of $465.30 million. Net sales were driven by a 5% increase at Journeys, 4% at Schuh, and 7% at Genesco Brands, partly offset by a 3% decline at Johnston & sales rose 5%, with stores up 5% and e-commerce up 7%. On a constant currency basis, Schuh sales rose 1%. The first quarter's gross margin fell to 46.7% from 47.6% a year ago, mainly due to brand mix shifts at Journeys and Schuh, promotions at Schuh, and lower margins from product liquidations at Genesco Brands. Genesco reported a GAAP operating loss of $28.1 million, or 5.9% of sales, down from $32.1 million, or 7%, a year ago. On an adjusted basis, the loss narrowed to $27.9 million from $30.0 million, with the operating margin improving to a loss of 5.9% of sales from a loss of 6.5% in the first quarter last year. As of May 3, 2025, Genesco held $21.7 million in cash, up from $19.2 million a year earlier. Total debt rose to $121 million from $59.4 million, mainly due to a 15% inventory increase to support higher demand at Journeys. Genesco repurchased 604,531 shares for $12.6 million, or $20.79 per share, during the quarter. Under its expanded buyback program, announced in June 2023, it has $29.8 million remaining. In the first quarter, capital expenditures totaled $19 million, mainly for retail stores and other projects. The company opened four new stores and closed 26, ending the quarter with 1,256 stores. This represents a 5% decrease from 1,321 stores at the end of the first quarter last year. Overall square footage also decreased by 3% year-over-year. Mimi E. Vaughn, Genesco's Board Chair, president, and CEO, said, 'While an already choppy consumer environment has become more pronounced recently from the increased uncertainty due to tariffs, our diversified sourcing and mitigation actions position us well to manage the current tariff impact. In addition, our strong strategic positioning and track record of evolving our businesses in the face of market disruptions are giving us confidence in successfully navigating the current environment.' 'Today, we are reiterating our full-year adjusted EPS guidance of $1.30 to $1.70, incorporating the impact of current tariffs. Although there is ongoing external market uncertainty, we know our businesses are strong, and we are making investments in product, stores, and marketing across all brands to drive growth,' commented Sandra Harris, Genesco's Senior VP of Finance and CFO. For fiscal 2026, Genesco reaffirmed its expectation of adjusted diluted EPS between $1.30 and $1.70 versus the consensus estimate of $1.47, factoring in current tariffs. Total sales are now projected to rise 1%–2%, up from prior guidance of flat to 1%, due to favorable foreign exchange. Comparable sales range outlook narrowed to up 2% to 3% versus the prior range of up 2% to 4%, with no additional share buybacks assumed and a 29% tax rate. Price Action: GCO shares are trading higher by 1.39% to $22.66 at last check Wednesday. Photo by JHVEPhoto via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? GENESCO (GCO): Free Stock Analysis Report This article Genesco Acknowledges 'More Pronounced' Tariff Impact, Stands By Guidance originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
04-06-2025
- Business
- Associated Press
Genesco Inc. Reports Fiscal 2026 First Quarter Results
NASHVILLE, Tenn.--(BUSINESS WIRE)--Jun 4, 2025-- Genesco Inc. (NYSE: GCO) today reported first quarter results for the three months ended May 3, 2025. First Quarter Fiscal 2026 Financial Summary Mimi E. Vaughn, Genesco's Board Chair, President and Chief Executive Officer, said, 'Following the significant momentum in last year's back half, we are pleased with our start to fiscal 2026 with both sales and profitability coming in above our expectations. Our first quarter performance was highlighted by our third consecutive quarter of positive comparable sales increases, with results once again driven by Journeys, as our strategic plan to accelerate growth and increase market share continues to gain traction. At the same time, the work we've done realigning our cost structure including our ongoing store optimization initiatives, helped drive a nice year-over-year improvement in operating income.' Vaughn continued, 'While an already choppy consumer environment has become more pronounced recently from the increased uncertainty due to tariffs, our diversified sourcing and mitigation actions position us well to manage the current tariff impact. In addition, our strong strategic positioning and track record of evolving our businesses in the face of market disruptions are giving us confidence in successfully navigating the current environment.' Sandra Harris, Genesco's Senior Vice President Finance and Chief Financial Officer, added, 'Our first quarter performance exceeded our expectations, and our adjusted EPS would have been $0.05 better had we not opportunistically bought back shares during the quarter. Today we are reiterating our full-year adjusted EPS guidance of $1.30 to $1.70, incorporating the impact of current tariffs. Although there is ongoing external market uncertainty, we know our businesses are strong, and we are making investments in product, stores, and marketing across all brands to drive growth.' First Quarter Review Net sales for the first quarter of Fiscal 2026 increased 4% to $474 million compared to $458 million in the first quarter of Fiscal 2025. The net sales increase reflects a 5% increase in comparable sales, including a 7% increase in e-commerce comparable sales and a 5% increase in same store sales, and increased wholesale sales, partially offset by the impact of net store closings. The overall sales increase of 4% for the first quarter of Fiscal 2026 compared to the first quarter of Fiscal 2025 was driven by an increase of 5% at Journeys, an increase of 4% at Schuh and a 7% increase at Genesco Brands, partially offset by a decrease of 3% at Johnston & Murphy. On a constant currency basis, Schuh sales were up 1% for the first quarter this year. Gross margin for the first quarter this year was 46.7% compared to 47.3% last year. Adjusted gross margin for the first quarter this year of 46.7% decreased 90 basis points as a percentage of sales compared to 47.6% last year. The decrease as a percentage of sales compared to Fiscal 2025 is due primarily to changes in brand mix at Journeys and Schuh, promotional activity at Schuh and lower margins at Genesco Brands related to liquidation of product for sunsetting licenses. Selling and administrative expenses for the first quarter this year of 52.5% decreased 170 basis points as a percentage of sales compared with last year primarily reflecting decreased occupancy and performance-based compensation expenses as well as other cost savings initiatives. Genesco's GAAP operating loss for the first quarter was $28.1 million, or 5.9% of sales this year, compared with a loss of $32.1 million, or 7.0% of sales in the first quarter last year. Adjusted for the Excluded Items in the first quarters of both Fiscal 2026 and 2025, the operating loss for the first quarter was $27.9 million this year compared to a loss of $30.0 million last year. Adjusted operating margin was a loss of 5.9% of sales in the first quarter of Fiscal 2026 compared to a loss of 6.5% in the first quarter last year. The effective tax rate for the quarter was 28.5% in Fiscal 2026 compared to 26.7% in the first quarter last year. The adjusted tax rate, reflecting Excluded Items, was 26.7% in Fiscal 2026 compared to 26.0% in the first quarter last year. GAAP loss from continuing operations was $21.2 million in the first quarter of Fiscal 2026 compared to a loss of $24.3 million in the first quarter last year. Adjusted for the Excluded Items, the first quarter loss from continuing operations was $21.5 million, or $2.05 per share, in Fiscal 2026, compared to a loss of $22.9 million, or $2.10 per share, in the first quarter last year. Cash, Borrowings and Inventory Cash as of May 3, 2025, was $21.7 million, compared with $19.2 million as of May 4, 2024. Total debt at the end of the first quarter of Fiscal 2026 was $121.0 million compared with $59.4 million at the end of last year's first quarter, primarily reflecting increased inventories which were up 15% on a year-over-year basis to meet increased demand at Journeys. Capital Expenditures and Store Activity For the first quarter this year, capital expenditures were $19 million, related primarily to retail stores and other initiatives. Depreciation and amortization was $13 million. During the quarter, the Company opened four stores and closed 26 stores. The Company ended the quarter with 1,256 stores compared with 1,321 stores at the end of the first quarter last year, or a decrease of 5%. Square footage was down 3% on a year-over-year basis. Share Repurchases The Company repurchased 604,531 shares for $12.6 million, or $20.79 per share, during the first quarter of Fiscal 2026. The Company currently has $29.8 million remaining on its expanded share repurchase authorization announced in June 2023. Fiscal 2026 Outlook For Fiscal 2026, the Company: Conference Call, Management Commentary and Investor Presentation The Company has posted detailed financial commentary and a supplemental financial presentation of first quarter results on its website, in the investor relations section. The Company's live conference call on June 4, 2025, at 7:30 a.m. (Central time), may be accessed through the Company's website, To listen live, please go to the website at least 15 minutes early to register, download and install any necessary software. Safe Harbor Statement This release contains forward-looking statements, including those regarding future sales, earnings, operating income, gross margins, expenses, capital expenditures, depreciation and amortization, tax rates, store openings and closures, cost reductions, and all other statements not addressing solely historical facts or present conditions. Forward-looking statements are usually identified by or are associated with such words as 'intend,' 'expect,' 'feel,' 'should,' 'believe,' 'anticipate,' 'optimistic,' 'confident' and similar terminology. Actual results could vary materially from the expectations reflected in these statements. A number of factors could cause differences. These include adjustments to projections reflected in forward-looking statements, including those resulting from weakness in store and shopping mall traffic, the imposition of tariffs on product imported by the Company or its vendors as well as the ability and costs to move production of products in response to tariffs; our ability to pass on price increases to our customers; restrictions on operations imposed by government entities and/or landlords, changes in public safety and health requirements, and limitations on the Company's ability to adequately staff and operate stores. Differences from expectations could also result from store closures and effects on the business as a result of the level and timing of promotional activity necessary to maintain inventories at appropriate levels; the Company's ability to obtain from suppliers products that are in-demand on a timely basis and effectively manage disruptions in product supply or distribution, including disruptions as a result of pandemics or geopolitical events, including shipping disruptions in the Red Sea; unfavorable trends in fuel costs, foreign exchange rates, foreign labor and material costs, and other factors affecting the cost of products; civil disturbances; our ability to renew our license agreements; impacts of the Russia-Ukraine war, and other sources of market weakness in the U.K. and Republic of Ireland; the effectiveness of the Company's omnichannel initiatives; costs associated with changes in minimum wage and overtime requirements; wage pressure in the U.S. and the U.K.; weakness in the consumer economy and retail industry; competition and fashion trends in the Company's markets; risks related to the potential for terrorist events; risks related to public health and safety events; changes in buying patterns by significant wholesale customers; retained liabilities associated with divestitures of businesses including potential liabilities under leases as the prior tenant or as a guarantor; and changes in the timing of holidays or in the onset of seasonal weather affecting period-to-period sales comparisons. Additional factors that could cause differences from expectations include the ability to secure allocations to refine product assortments to address consumer demand; the ability to renew leases in existing stores and control or lower occupancy costs, to open or close stores in the number and on the planned schedule, and to conduct required remodeling or refurbishment on schedule and at expected expense levels; the Company's ability to realize anticipated cost savings, including rent savings; the amount and timing of share repurchases; the Company's ability to achieve expected digital gains and gain market share; deterioration in the performance of individual businesses or of the Company's market value relative to its book value, resulting in impairments of fixed assets, operating lease right of use assets or intangible assets or other adverse financial consequences and the timing and amount of such impairments or other consequences; unexpected changes to the market for the Company's shares or for the retail sector in general; costs and reputational harm as a result of disruptions in the Company's business or information technology systems either by security breaches and incidents or by potential problems associated with the implementation of new or upgraded systems; the Company's ability to realize any anticipated tax benefits in both the amount and timeframe anticipated; and the cost and outcome of litigation, investigations, environmental matters and other disputes involving the Company. Additional factors are cited in the 'Risk Factors,' 'Legal Proceedings' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of, and elsewhere in, the Company's SEC filings, copies of which may be obtained from the SEC website, or by contacting the investor relations department of Genesco via the Company's website, Many of the factors that will determine the outcome of the subject matter of this release are beyond Genesco's ability to control or predict. Genesco undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements reflect the expectations of the Company at the time they are made. The Company disclaims any obligation to update such statements. About Genesco Inc. Genesco Inc. (NYSE: GCO) is a footwear focused company with distinctively positioned retail and lifestyle brands and proven omnichannel capabilities offering customers the footwear they desire in engaging shopping environments, including more than 1,250 retail stores and branded e-commerce websites. Its Journeys, Little Burgundy and Schuh brands serve teens, kids and young adults with on-trend fashion footwear that inspires youth culture in the U.S., Canada and the U.K. Johnston & Murphy serves the successful, affluent man and woman with premium footwear, apparel and accessories in the U.S. and Canada, and Genesco Brands Group sells branded lifestyle footwear to leading retailers under licensed brands including Levi's, Dockers, Starter and PONY. Founded in 1924, Genesco is based in Nashville, Tennessee. For more information on Genesco and its operating divisions, please visit View source version on CONTACT: Genesco Financial Contact Sandra Harris, SVP Finance, Chief Financial Officer (615) 367-7578 /[email protected] Genesco Media Contact Claire S. McCall, Director, Corporate Relations (615) 367-8283 /[email protected] KEYWORD: TENNESSEE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: FOOTWEAR FASHION ONLINE RETAIL RETAIL TECHNOLOGY SPECIALTY ELECTRONIC COMMERCE SOURCE: Genesco Inc. Copyright Business Wire 2025. PUB: 06/04/2025 06:50 AM/DISC: 06/04/2025 06:48 AM
Yahoo
20-05-2025
- Business
- Yahoo
Genesco to Report First Quarter Fiscal 2026 Financial Results and Hold Conference Call on June 4, 2025
NASHVILLE, Tenn., May 20, 2025--(BUSINESS WIRE)--Genesco Inc. (NYSE: GCO) today announced that the Company will report financial results for the first quarter fiscal 2026 on June 4, 2025, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day. A live audio webcast of the conference call will be available at An audio archive of the call will be available for up to one year at In addition, a summary of the first quarter fiscal 2026 results will be available on the Genesco website on June 4, 2025 at About Genesco Inc. Genesco Inc. (NYSE: GCO) is a footwear focused company with distinctively positioned retail and lifestyle brands and proven omnichannel capabilities offering customers the footwear they desire in engaging shopping environments, including more than 1,275 retail stores and branded e-commerce websites. Its Journeys, Little Burgundy and Schuh brands serve teens, kids and young adults with on-trend fashion footwear inspired by youth culture in the U.S., Canada and the U.K. Johnston & Murphy serves the successful, affluent man and woman with premium footwear, apparel and accessories in the U.S. and Canada, and Genesco Brands Group sells branded lifestyle footwear to leading retailers under licensed brands including Levi's, Dockers, Starter and PONY. Founded in 1924, Genesco is based in Nashville, Tennessee. For more information on Genesco and its operating divisions, please visit View source version on Contacts Genesco Financial Contact Sandra Harris, SVP Finance, Chief Financial Officer(615) 367-7578 / SHarris2@ Genesco Media Contact Claire S. McCall, Director, Corporate Relations(615) 367-8283 / cmccall@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
