Genesco (NYSE:GCO) Updates FY 2026 Earnings Guidance

Genesco (NYSE:GCO) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share guidance of 1.300-1.700 for the period, compared to the consensus earnings per share estimate of 2.350. The company issued revenue guidance of $2.3 billion-$2.3 billion, compared to the consensus revenue estimate of $2.4 billion.

Genesco Stock Down 16.4 %

GCO stock opened at $27.10 on Friday. The company has a market cap of $303.81 million, a PE ratio of -11.15 and a beta of 2.41. The business has a 50-day simple moving average of $39.79 and a 200 day simple moving average of $34.23. Genesco has a 52 week low of $23.21 and a 52 week high of $44.80. The company has a quick ratio of 0.32, a current ratio of 1.56 and a debt-to-equity ratio of 0.19.

Genesco (NYSE:GCO) last issued its earnings results on Friday, March 7th. The company reported $3.26 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.05). The business had revenue of $745.95 million for the quarter, compared to analyst estimates of $780.43 million. Genesco had a positive return on equity of 0.56% and a negative net margin of 1.13%. During the same period in the previous year, the firm posted $2.59 EPS. Sell-side analysts anticipate that Genesco will post 0.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Friday.

Insider Activity

In other news, VP Daniel E. Ewoldsen sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $42.68, for a total value of $170,720.00. Following the completion of the transaction, the vice president now owns 41,358 shares of the company’s stock, valued at $1,765,159.44. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 7.09% of the stock is currently owned by insiders.

About Genesco

Genesco Inc operates as a retailer and wholesaler of footwear, apparel, and accessories in the United States, Puerto Rico, Canada, the United Kingdom, and the Republic of Ireland. The company operates through four segments: Journeys Group, Schuh Group, Johnston & Murphy Group, and Genesco Brands.