UPDATE: Genesco Posts Upbeat Q1 Profit

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Genesco
GCO
reported an 11% drop in its fiscal first-quarter earnings. Genesco's quarterly profit fell to $18.4 million, or $0.77 per share, from $20.6 million, or $0.85 per share, in the year-ago period. Excluding one-time items, its earnings from continuing operations declined to $0.94 from $0.98 per share. Its sales dropped 1.5% to $591.4 million. However, analysts were expecting adjusted earnings of $0.85 per share on revenue of $606 million. Genesco shares gained 0.19% to $69.20 in pre-market trading.
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Posted In: EarningsNewsprofit
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