Genesco Raises Q4 Earnings Outlook

Genesco Inc GCO lifted its fourth-quarter earnings view. Genesco now projects an adjusted profit of $1.63 to $1.68 per share, versus its earlier forecast of $1.53 to $1.58 per share. Genesco's same-store sales for the quarter-to-date period ended January 7 surged 13%. Genesco shares closed at $61.98 yesterday.