Genesco Q4 Adj EPS $2.59 Misses $3.04 Estimate, Sales $738.95M Beat $705.66M Estimate
Portfolio Pulse from Benzinga Newsdesk
Genesco reported Q4 adjusted EPS of $2.59, missing the $3.04 estimate, and sales of $738.95M, beating the $705.66M estimate. This represents a 15.36% decrease in EPS and a 1.92% increase in sales from the same period last year.
March 08, 2024 | 11:51 am
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NEUTRAL IMPACT
Genesco's Q4 adjusted EPS missed estimates by 14.8%, while sales exceeded expectations, indicating mixed financial health.
The miss in EPS by 14.8% could concern investors about profitability, while the sales beat might offset some worries by showing revenue strength. The mixed results make the short-term impact neutral as investors digest both aspects.
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