Genesco (GCO) reported earnings on Fri 6 Dec 19 (b/o)

** charts after earnings **

 

Genesco beats by $0.25, reports revs in-line; Q3 comps +3%; raises FY20 EPS guidance; reaffirms FY20 comp guidance

Reports Q3 (Oct) earnings of $1.33 per share, excluding non-recurring items, $0.25 better than the S&P Capital IQ Consensus of $1.08; revenues fell 0.5% year/year to $537.3 mln vs the $540.64 mln S&P Capital IQ Consensus.

Comparable sales increased 3%.

Co issues raised guidance for FY20, sees EPS of $4.10-4.40 from $3.80-4.20, excluding non-recurring items, vs. $4.05 S&P Capital IQ Consensus. Co reaffirms FY20 comps up 2% to 3%.