Genesco (NYSE:GCO) Updates FY 2027 Earnings Guidance

Genesco (NYSE:GCO) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 2.000-2.400 for the period, compared to the consensus estimate of 2.250. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Genesco Stock Performance

Shares of GCO traded up $0.76 during mid-day trading on Thursday, hitting $34.28. 447,131 shares of the company’s stock were exchanged, compared to its average volume of 229,993. Genesco has a 52 week low of $21.92 and a 52 week high of $43.60. The stock’s 50-day simple moving average is $35.49 and its 200-day simple moving average is $33.30. The firm has a market cap of $380.75 million, a price-to-earnings ratio of 19.82 and a beta of 1.80. The company has a quick ratio of 0.37, a current ratio of 1.83 and a debt-to-equity ratio of 0.08.

Genesco (NYSE:GCO) last posted its quarterly earnings data on Thursday, September 3rd. The company reported ($0.83) EPS for the quarter, topping analysts’ consensus estimates of ($1.37) by $0.54. The firm had revenue of $529.86 million for the quarter, compared to analyst estimates of $527.26 million. Genesco had a return on equity of 2.66% and a net margin of 0.80%.During the same quarter last year, the company earned ($1.79) EPS. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. On average, equities research analysts expect that Genesco will post 2.25 EPS for the current year.

Wall Street Analyst Weigh In

GCO has been the subject of a number of research reports. Weiss Ratings cut shares of Genesco from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, June 12th. Truist Financial set a $40.00 price objective on Genesco in a report on Friday, May 29th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 27th. Zacks Research cut Genesco from a “strong-buy” rating to a “hold” rating in a report on Friday, July 31st. Finally, Wall Street Zen downgraded Genesco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $36.67.

Insider Buying and Selling at Genesco

In related news, Director Gregory Sandfort acquired 2,958 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were bought at an average cost of $33.80 per share, with a total value of $99,980.40. Following the completion of the purchase, the director directly owned 29,172 shares in the company, valued at $986,013.60. The trade was a 11.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 23.11% of the company’s stock.

Key Headlines Impacting Genesco

Here are the key news stories impacting Genesco this week:

• Positive Sentiment: Earnings beat estimates: Genesco reported adjusted EPS of -$0.83, ahead of the consensus estimate of -$1.37 and substantially better than the prior-year loss of $1.79 per share. Revenue of approximately $529.9 million also exceeded estimates of $527.3 million. Genesco boosts fiscal 2027 adjusted EPS outlook
• Positive Sentiment: Profitability improved sharply: GAAP net income was $3.5 million, compared with an $18.5 million loss a year earlier. Gross margin rose to 51.4% from 45.8%, helped in part by tariff refunds, while operating income improved to $3.6 million from a $14.4 million loss. Genesco fiscal 2027 second-quarter results
• Positive Sentiment: Raised outlook: Management lifted its fiscal 2027 adjusted diluted EPS forecast to the high end of its $2.00–$2.40 range. It also plans approximately 95 Journeys 4.0 store openings, signaling confidence in the brand’s turnaround and growth potential. Genesco fiscal 2027 outlook and Journeys openings
• Neutral Sentiment: Mixed sales trends: Total revenue declined 3% year over year and comparable sales fell 1%. However, Journeys comparable sales increased 2% and Johnston & Murphy comparable sales rose 4%, partially offsetting a 6% decline in comparable e-commerce sales. Genesco second-quarter sales and guidance
• Negative Sentiment: Quality of earnings remains a consideration: The quarter benefited from approximately $22.5 million in tariff refunds, including interest. Investors may question how much of the margin and profit improvement is sustainable once this one-time benefit is excluded.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GCO. BNP Paribas Financial Markets boosted its stake in shares of Genesco by 92.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock valued at $57,000 after purchasing an additional 941 shares during the last quarter. Group One Trading LLC bought a new position in Genesco during the fourth quarter worth $26,000. Russell Investments Group Ltd. lifted its holdings in Genesco by 6.3% in the third quarter. Russell Investments Group Ltd. now owns 18,966 shares of the company’s stock valued at $550,000 after buying an additional 1,121 shares during the period. Quarry LP lifted its holdings in Genesco by 182.2% in the third quarter. Quarry LP now owns 1,964 shares of the company’s stock valued at $57,000 after buying an additional 1,268 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in Genesco during the first quarter valued at $26,000. Institutional investors and hedge funds own 94.51% of the company’s stock.

About Genesco

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.