Genesco Expects FY25 Sales Decline Of (1)%-(2)% (Prior (2)%-(3)%); Reiterated EPS of $0.60 - $1.00 Vs. $0.81 Est.
Portfolio Pulse from Benzinga Newsdesk
Genesco has updated its fiscal 2025 outlook, now expecting a sales decline of 1% to 2%, an improvement from the previous forecast of 2% to 3%. The company maintains its EPS guidance of $0.60 to $1.00, assuming no share repurchases and a 27% tax rate.
September 06, 2024 | 10:55 am
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Genesco has improved its fiscal 2025 sales outlook, now expecting a decline of 1% to 2%, compared to the previous forecast of 2% to 3%. The EPS guidance remains unchanged at $0.60 to $1.00.
The improved sales outlook suggests a better-than-expected performance, which is likely to positively impact investor sentiment. The unchanged EPS guidance indicates stability in earnings expectations.
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