NYSE$GCO
Genesco Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a slight increase in net sales and mixed results in EPS compared to the previous year.
Genesco Inc. reported a 1% increase in net sales to $604 million compared to the previous year, with a GAAP EPS of $1.66 and non-GAAP EPS of $1.65. The company is taking a conservative approach for the fourth quarter with revised expectations for adjusted EPS of $5.50 to $5.90.
- Net sales increased by 1% compared to last year, reaching $604 million.
- Excluding the impact of lower exchange rates, net sales increased 4% compared to the previous year.
- Comparable sales were up 3%, with gains in every business segment.
- E-commerce sales represented 18% of retail sales, flat compared to last year but significantly higher than pre-pandemic levels.
Headline financials
Revenue & EPS history
Genesco · Revenue · Quarterly
$604M
Revenue by segment
Genesco · $604M total across 4 segments · Q3 2023
- Journeys Group$381M+0.2%63.0%
- Schuh Group$105M-12.5%17.4%
- Johnston & Murphy Group$79.6M+19.1%13.2%
- Genesco Brands Group$38.7M—6.4%
Forward guidance
The Company revises its Fiscal 2023 full year guidance with Sales are now expected to be down 1% to 2%, compared to Fiscal 2022 and Adjusted diluted earnings per share from continuing operations in the range of $5.50 to $5.90.
Tailwinds
- Sales are now expected to be down 1% to 2%, compared to Fiscal 2022, versus prior guidance of down 3% to flat.
Headwinds
- Adjusted diluted earnings per share from continuing operations in the range of $5.50 to $5.90, with an expectation that adjusted diluted earnings per share for the year will be near the mid-point of the range, versus the prior expectation for adjusted diluted earnings per share to be near the mid-point of $6.25 to $7.00.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro