Friday, December 6, 2019

Genesco Raises Full Year Outlook; Records 37% Increase In Q3 Adj. EPS

Genesco Inc. (GCO) announced, for fiscal 2020, the company now expects adjusted earnings per share from continuing operations in the range of $4.10 to $4.40 with an expectation that earnings per share for the year will be near the mid-point of the range. This an increase from the previous guidance range of $3.80 to $4.20. Comparable sales are anticipated to be up 2 percent to 3 percent, for the fiscal year. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.05. Analysts' estimates typically exclude special items.

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