Genesco (GCO) Updates FY14 Earnings Guidance

Genesco (GCO) updated its FY14 earnings guidance on Friday. The company provided EPS guidance of $5.57-5.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.57.

Genesco (GCO) opened at 61.17 on Friday. Genesco (GCO) has a 52-week low of $50.33 and a 52-week high of $78.97. The stock’s 50-day moving average is currently $61.30. The company has a market cap of $1.477 billion and a price-to-earnings ratio of 13.01.

Genesco last announced its earnings results on Friday, March 8th. The company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.04. The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $774.51 million. During the same quarter in the previous year, the company posted $1.97 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Genesco has set its FY14 guidance at $5.57-5.67 EPS. On average, analysts predict that Genesco (GCO) will post $5.03 earnings per share for the current fiscal year.

Genesco Inc. (Genesco) is a retailer of branded footwear, of licensed and branded headwear, of licensed sports apparel and accessories and a wholesaler of branded footwear.

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