Genesco on Tuesday posted second-quarter results that exceeded analyst expectations, with adjusted earnings per share of negative $0.83, a $0.54 improvement over the predicted loss of $1.37. Revenue for the period reached $530 million, topping the $528.4 million consensus estimate.
For the full fiscal year 2027, the company provided guidance for adjusted earnings per share in a range of $2.00 to $2.40, below the current analyst average of $2.25. The guidance reflects Genesco’s outlook amid ongoing retail challenges and shifting consumer spending patterns.
Shares of Genesco closed Tuesday at $33.52, down 11.63% over the past three months and 0.48% over the last 12 months. The company’s financial health remains rated as "fair performance" by InvestingPro, according to the latest assessment.
Analysts have revised Genesco’s EPS estimates downward in the past 90 days, with three negative revisions and no positive adjustments during that period.
