Genesco's Q3: Revenue Meets Expectations, Profits Miss

Genescos Q3 financials met revenue targets but missed earnings expectations, causing investor concern. The companys CEO attributed this to increased promotions in the UK and tariffs impact on margins. Genesco lowered its full-year adjusted earnings per share guidance by nearly 37%. Despite store closures, Journeys expects positive Q4 comparable sales. The company plans to focus on Schuhs recovery, Journeys store remodels, and managing tariff impacts.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.