Genesco (GCO) Reports Q2 Loss, Tops Revenue Estimates

Core Insights - Genesco reported a quarterly loss of $0.83 per share, better than the Zacks Consensus Estimate of a loss of $1.12, and an improvement from a loss of $0.85 per share a year ago [1] - The company achieved a revenue of $525.19 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 2.54% and slightly up from $523.03 million year-over-year [1] - Genesco has surpassed consensus EPS estimates two times in the last four quarters and has topped consensus revenue estimates three times in the same period [1] Earnings Outlook - The sustainability of Genesco's stock price movement will largely depend on management's commentary during the earnings call [2] - The current consensus EPS estimate for the upcoming quarter is $0.85 on revenues of $570 million, while for the current fiscal year, it is $0.81 on revenues of $2.27 billion [4] Industry Context - The Retail - Apparel and Shoes industry, to which Genesco belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable outlook [5] - Another company in the same industry, Levi Strauss, is expected to report quarterly earnings of $0.33 per share, reflecting a year-over-year increase of 17.9% [5]