Genesco (GCO) Reports Q1: Everything You Need To Know Ahead Of Earnings

Footwear, apparel, and accessories retailer Genesco (NYSE:GCO) will be reporting results tomorrow morning. Here’s what to expect.

Genesco missed analysts’ revenue expectations by 5% last quarter, reporting revenues of $745.9 million, flat year on year. It was a softer quarter for the company, with adjusted operating income in line with analysts’ estimates.

Is Genesco a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Genesco’s revenue to grow 1.4% year on year to $463.8 million, a reversal from the 5.3% decrease it recorded in the same quarter last year. Adjusted loss is expected to come in at -$2.13 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Genesco has missed Wall Street’s revenue estimates four times over the last two years.

Looking at Genesco’s peers in the footwear segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Steven Madden posted flat year-on-year revenue, missing analysts’ expectations by 1%, and Crocs reported flat revenue, topping estimates by 3.1%. Steven Madden traded up 18.7% following the results while Crocs was also up 8.7%.

Read our full analysis of Steven Madden’s results here and Crocs’s results here.

There has been positive sentiment among investors in the footwear segment, with share prices up 3.9% on average over the last month. Genesco is up 5.3% during the same time and is heading into earnings with an average analyst price target of $23.50 (compared to the current share price of $21.31).

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