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Oct 30, 2021
Genesco Q3 2022 Earnings Report
Reported record third quarter EPS, exceeding expectations, driven by a strong back-to-school season in the U.S. and U.K., with revenue and earnings continuing to exceed pre-pandemic levels.
Key Takeaways
Genesco Inc. reported a strong third quarter with net sales increasing 25% from last year to $601 million. GAAP EPS increased to $2.26, and Non-GAAP EPS increased to $2.36. The company is raising its full-year adjusted EPS guidance to $6.40-$6.90.
Net sales increased 25% from last year to $601 million.
GAAP EPS from continuing operations increased to $2.26 vs. $0.52 last year.
Non-GAAP EPS from continuing operations increased to $2.36 vs. $0.85 last year.
Same store sales increased 25% over last year.
Genesco
Genesco
Genesco Revenue by Segment
Revenue by Segment
Journeys Group Revenue
CapyFin.comSchuh Group Revenue
CapyFin.comJohnston & Murphy Group Revenue
CapyFin.com Forward Guidance
The Company expects adjusted diluted earnings per share from continuing operations in the range of $6.40 to $6.90 for fiscal year 2022.
Positive Outlook
- Sales to be up 9% to 11%, compared to FY20
- Adjusted diluted earnings per share from continuing operations in the range of $6.40 to $6.90
- Earnings per share for the year will be near the mid-point of the range.
- Growth of approximately 45% at the mid-point compared to Fiscal 2020.
- Sales to be up 9% to 11%, compared to FY20
Revenue & Expenses
Visualization of income flow from segment revenue to net income