Genesco (NYSE:GCO) Updates FY 2026 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2026 earnings guidance on Friday. 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Genesco from a “buy” rating to a “hold” rating in a research report on Friday.

Genesco Stock Down 16.4 %

Shares of NYSE GCO opened at $27.10 on Friday. Genesco has a one year low of $23.21 and a one year high of $44.80. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.56 and a quick ratio of 0.32. The firm’s 50 day simple moving average is $39.79 and its two-hundred day simple moving average is $34.26. The stock has a market capitalization of $303.81 million, a P/E ratio of -11.15 and a beta of 2.41.

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

Insider Buying and Selling at Genesco

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

Genesco Company Profile

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.