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May 02, 2020
Genesco Q1 2021 Earnings Report
Genesco's financial performance was impacted by COVID-19, with store closures and decreased sales, but strong digital demand partially offset the losses.
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%.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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