Genesco Sees FY25 Sales decline Of (2%) - (3%); EPS of $0.60 - $1.00 Vs. $0.63 Est.
Portfolio Pulse from Benzinga Newsdesk
Genesco Inc. (GCO) has projected a decline in FY25 sales by 2% to 3% and an EPS range of $0.60 to $1.00, compared to the estimated $0.63.
May 31, 2024 | 10:56 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Genesco Inc. has projected a decline in FY25 sales by 2% to 3% and an EPS range of $0.60 to $1.00, which is below the estimated $0.63. This indicates potential challenges in the company's performance.
The projected decline in sales and the lower-than-expected EPS range suggest that Genesco may face financial challenges in the upcoming fiscal year. This could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100