Reported 4 days ago
Genesco Inc. reported mixed results for the first quarter of 2026, with an adjusted loss per share of $2.05, beating expectations, and quarterly sales of $473.973 million, up 4% year-over-year. Despite a decline in gross margin driven by brand mix shifts and promotions, the company reaffirmed its full-year adjusted EPS guidance of $1.30 to $1.70, factoring in the increased tariff impacts. CEO Mimi E. Vaughn expressed confidence in their strategic positioning to navigate the uncertain market.
Source: YAHOO