Genesco (NYSE:GCO) Releases FY 2027 Earnings Guidance

by · The Cerbat Gem

Genesco (NYSE:GCO – Get Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 2.000-2.400 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analysts Set New Price Targets

GCO has been the topic of several recent research reports. Seaport Research Partners cut shares of Genesco from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 27th. Truist Financial set a $40.00 target price on shares of Genesco in a research note on Friday, May 29th. Zacks Research downgraded shares of Genesco from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Genesco from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings cut shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.67.

Read Our Latest Stock Report on GCO

Genesco Price Performance

Shares of Genesco stock traded up $0.76 during trading on Thursday, reaching $34.28. The company’s stock had a trading volume of 447,131 shares, compared to its average volume of 229,993. The business has a 50 day moving average price of $35.48 and a 200-day moving average price of $33.35. Genesco has a 12-month low of $21.92 and a 12-month high of $43.60. The company has a market capitalization of $380.75 million, a P/E ratio of 19.82 and a beta of 1.80. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Genesco (NYSE:GCO – Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.37) by $0.54. Genesco had a return on equity of 2.66% and a net margin of 0.80%.The firm had revenue of $529.86 million during the quarter, compared to analysts’ expectations of $527.26 million. During the same quarter in the prior year, the business posted ($1.79) earnings per share. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. As a group, sell-side analysts anticipate that Genesco will post 2.25 EPS for the current year.

Insider Activity

In related news, Director Gregory Sandfort acquired 2,958 shares of Genesco stock in a transaction that occurred on Thursday, July 9th. The stock was purchased at an average price of $33.80 per share, for a total transaction of $99,980.40. Following the completion of the purchase, the director directly owned 29,172 shares of the company’s stock, valued at approximately $986,013.60. This trade represents a 11.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.11% of the stock is owned by corporate insiders.

Key Headlines Impacting Genesco

Here are the key news stories impacting Genesco this week:

  • Positive Sentiment: Earnings beat estimates: Genesco reported adjusted EPS of -$0.83, ahead of the consensus estimate of -$1.37 and substantially better than the prior-year loss of $1.79 per share. Revenue of approximately $529.9 million also exceeded estimates of $527.3 million. Genesco boosts fiscal 2027 adjusted EPS outlook
  • Positive Sentiment: Profitability improved sharply: GAAP net income was $3.5 million, compared with an $18.5 million loss a year earlier. Gross margin rose to 51.4% from 45.8%, helped in part by tariff refunds, while operating income improved to $3.6 million from a $14.4 million loss. Genesco fiscal 2027 second-quarter results
  • Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 adjusted diluted EPS forecast to the high end of its $2.00–$2.40 range. It also plans approximately 95 Journeys 4.0 store openings, signaling confidence in the brand’s turnaround and growth potential. Genesco fiscal 2027 outlook and Journeys openings
  • Neutral Sentiment: Mixed sales trends: Total revenue declined 3% year over year and comparable sales fell 1%. However, Journeys comparable sales increased 2% and Johnston & Murphy comparable sales rose 4%, partially offsetting a 6% decline in comparable e-commerce sales. Genesco second-quarter sales and guidance
  • Negative Sentiment: Quality of earnings remains a consideration: The quarter benefited from approximately $22.5 million in tariff refunds, including interest. Investors may question how much of the margin and profit improvement is sustainable once this one-time benefit is excluded.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp acquired a new stake in shares of Genesco during the 1st quarter valued at approximately $26,000. Group One Trading LLC acquired a new stake in shares of Genesco in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. acquired a new stake in shares of Genesco in the 4th quarter worth approximately $37,000. Quarry LP increased its stake in Genesco by 182.2% in the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after purchasing an additional 1,268 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after purchasing an additional 941 shares in the last quarter. 94.51% of the stock is owned by hedge funds and other institutional investors.

About Genesco

(Get Free Report)

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.

Featured Articles