NYSE$GCO

Genesco Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Genesco's financial performance was impacted by COVID-19, with store closures and decreased sales, but strong digital demand partially offset the losses.

Genesco Inc. reported a significant decrease in net sales and earnings for the first quarter of fiscal 2021 due to the COVID-19 pandemic. Net sales decreased by 44% to $279 million, and the company reported a GAAP loss per diluted share of ($9.54). However, the company saw strong digital demand with a 64% increase in comparable direct sales.

  • Net sales decreased 44% to $279 million due to store closures.
  • GAAP EPS from continuing operations was ($9.54) compared to $0.36 last year.
  • Non-GAAP EPS from continuing operations was ($3.65) compared to $0.33 last year.
  • Digital comp growth increased by 64%.

Headline financials

Total Revenue

$279M

Previous: $496M-43.7%
EPS (adj)

-$3.65

Previous: $0.33-1206.1%
Gross Margin

43.0%

Previous: 49.4%-13.0%
Capital Expenditures

-$6.74M

Previous: -$6.74M-0.0%
Free Cash Flow

-$142M

Previous: -$395K-35727.6%
Net Income

-$135M

Previous: $6.35M-2223.8%
Operating Income

-$156M

Previous: $9.08M-1817.5%
Gross Profit

$120M

Previous: $245M-50.9%
Cash & Equivalents

$239M

Previous: $157M+52.3%
Total Assets

$1.76B

Previous: $1.82B-3.4%

Revenue & EPS history

Genesco · Revenue · Quarterly

$279M

Q1 2021-43.7%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Genesco · $255M total across 3 segments · Q1 2021

  • Journeys Group
    $169M-47.9%
  • Schuh Group
    $47.2M-38.6%
  • Johnston & Murphy Group
    $38.8M-48.0%

Forward guidance

Due to the continued uncertainty in the overall economy, the Company is not providing guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.8%

Avg return

Earnings day

-6.1%

Avg return

5 days after

-5.5%

Avg return

30 days after

40%

26 / 65 earnings

Positive

+38.1%

Q3 2020

Best reaction

-35.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.6%-1.2%+8.8%
Q3 2026-30.6%-33.6%-29.8%
Q2 2026-6.7%-2.7%-8.3%
Q1 2026+0.2%+1.6%-0.4%
Q4 2025-16.3%-34.5%-44.4%
Q3 2025+11.4%+17.6%+14.1%
Q2 2025-12.6%-16.9%-4.4%
Q1 2025+7.6%+2.7%-5.3%
Q4 2024-13.5%-10.3%-10.3%
Q3 2024-12.8%-21.1%-5.8%
Q2 2024+15.1%+7.0%+5.7%
Q1 2024-35.5%-38.3%-19.6%
Q4 2023-12.4%-23.6%-24.3%
Q3 2023-9.7%-5.1%-4.9%
Q2 2023-24.0%-21.7%-30.5%
Q1 2023+7.6%+2.5%+3.1%
Q4 2022+7.8%+6.6%+2.5%
Q3 2022-0.2%+1.5%+0.6%
Q2 2022-9.2%-11.5%-4.8%
Q1 2022-5.7%-0.4%+9.1%
Q4 2021-1.5%-8.6%-4.3%
Q3 2021+1.7%+7.1%-2.1%
Q2 2021-1.7%-4.8%+3.9%
Q1 2021-14.9%-21.2%-37.4%
Q4 2020-8.3%-38.8%-19.7%
Q3 2020+38.1%+31.9%+28.6%
Q2 2020+15.6%+22.1%+6.1%
Q1 2020+15.0%+7.6%+5.0%
Q4 2019-9.9%-9.3%-6.5%
Q3 2019+2.4%-0.4%+10.7%
Q2 2019+1.8%+0.3%-5.3%
Q1 2019-11.3%-8.8%-10.7%
Q4 2018-1.6%-2.3%+5.1%
Q3 2018-11.3%-7.7%+4.5%
Q2 2018-9.0%-7.5%+4.3%
Q1 2018-17.5%-16.6%-26.2%
Q4 2017+3.9%+4.1%-9.0%
Q3 2017+10.4%+12.1%-1.8%
Q2 2017-32.5%-32.9%-25.0%
Q1 2017+11.1%+9.7%+10.4%
Q4 2016-2.6%
Q3 2016+10.1%
Q2 2016+5.3%
Q1 2016-3.7%
Q4 2015-7.7%
Q3 2015-11.6%
Q2 2015-10.6%
Q1 2015+4.1%
Q4 2014+4.2%
Q3 2014-2.7%
Q2 2014-11.3%
Q1 2014-1.8%
Q4 2013-1.0%
Q3 2013-10.4%
Q2 2013-1.0%
Q1 2012-2.2%
Q1 2013+1.2%
Q4 2012+6.1%
Q4 2010+6.1%
Q3 2011+2.4%
Q3 2012+2.4%
Q2 2012-1.3%
Q2 2011-1.3%
Q4 2011-1.3%
Q1 2011+7.1%

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