Genesco Sees FY25 Adj EPS Of $0.60 - $1.00 Vs. $2.53 Est; Expects FY25 Sales To Decline 2% - 3%.
Portfolio Pulse from Benzinga Newsdesk
Genesco projects a significant decrease in its adjusted EPS for FY25, forecasting a range of $0.60 to $1.00, compared to the estimated $2.53. The company also anticipates a 2% to 3% decline in sales for the same fiscal year.
March 08, 2024 | 11:54 am
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Genesco anticipates a significant reduction in adjusted EPS for FY25 to $0.60-$1.00 from an estimated $2.53, and expects sales to decrease by 2%-3%.
The projected decrease in both adjusted EPS and sales for FY25 suggests a challenging financial period ahead for Genesco. This outlook is likely to negatively impact investor sentiment and could lead to a decrease in the stock price in the short term. The significant deviation from the estimated EPS indicates potential underlying issues that could be concerning to investors.
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