GCO / Johnston & Murphy, Journeys retailers parent Genesco stock sinks after mixed quarterly results, downbeat full-year outlook

If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Genesco (GCO) could be a great cho more_horizontal

Genesco (GCO) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonabl more_horizontal

The company's revenue decreased by 2.3% YoY, while adj. operating loss (% of revenue) reached 1.9%. The decrease in growth rates and profitability in more_horizontal

Revenue declined, and Genesco posted a loss but still beat expectations. The company raised its revenue guidance for the full year. more_horizontal

Genesco (GCO) came out with a quarterly loss of $0.85 per share versus the Zacks Consensus Estimate of a loss of $1.23. This compares to earnings of $ more_horizontal

Genesco (GCO) reinforces its commitment to enhancing shareholder value with a $50 million increase in share repurchase authorization. more_horizontal

GCO is a beaten-down shoe retailer, which has been facing decreased consumer demand and inventory buildup severely reducing recent cash generation. De more_horizontal

Genesco (GCO) came out with a quarterly loss of $1.59 per share versus the Zacks Consensus Estimate of a loss of $1.10. This compares to earnings of $ more_horizontal