Genesco Q1 2021 Earnings Report
Key Takeaways
Genesco Inc. reported a significant decrease in net sales and earnings for the first quarter of fiscal 2021 due to the COVID-19 pandemic. Net sales decreased by 44% to $279 million, and the company reported a GAAP loss per diluted share of ($9.54). However, the company saw strong digital demand with a 64% increase in comparable direct sales.
Net sales decreased 44% to $279 million due to store closures.
GAAP EPS from continuing operations was ($9.54) compared to $0.36 last year.
Non-GAAP EPS from continuing operations was ($3.65) compared to $0.33 last year.
Digital comp growth increased by 64%.
Genesco
Genesco
Genesco Revenue by Segment
Forward Guidance
Due to the continued uncertainty in the overall economy, the Company is not providing guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income