×
92 814
Fashion Jobs
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Salisbury
GAP
Asset Protection Service Representative - Gloucester Premium
Permanent · Gloucester Township
GAP
Asset Protection Service Representative - Atlantic City Tanger
Permanent · Atlantic City
NIKE
Materials Costing Manager
Permanent · Beaverton
CONVERSE
Retail Operations Manager
Permanent · Boston
NIKE
Art Director
Permanent · Beaverton
NIKE
Digital Loss Prevention Data Analyst - North America Nike Direct Digital Commerce (Remote Option*)
Permanent · Beaverton
NIKE
Director, Technical Product Management – Tech Ops Resilience (Remote Option*)
Permanent · Beaverton
NIKE
Director, Technical Product Management – Enterprise Service Management HR Service Delivery
Permanent · Beaverton
NIKE
Content Manager
Permanent · Los Angeles
CONVERSE
Senior Financial Analyst, Global Business Planning
Permanent · Boston
NIKE
Tech Finance Analyst
Permanent · Beaverton
NIKE
Nike Security Manager – Foothill Ranch
Permanent · Lake Forest
NIKE
Nike Security Manager – Los Angeles
Permanent · Los Angeles
NIKE
Lead Technical Product Manager, Privacy (Remote Option*)
Permanent · Beaverton
NIKE
Finance Data Product Owner
Permanent · Beaverton
NIKE
Senior Technical Product Manager (Remote Option*)
Permanent · Beaverton
NIKE
Global Store Operations Manager
Permanent · Beaverton
NIKE
First Mile Transportation Business Process Manager
Permanent · Beaverton
NIKE
Senior Technical Project Manager – Air mi
Permanent · Beaverton
NIKE
Territory Loss Prevention Director
Permanent · Dallas
NIKE
Director, Technical Product Management – Innovation (Remote Option*)
Permanent · Atlanta
By
Reuters
Published
May 23, 2012
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Genesco raises profit outlook as results beat Street

By
Reuters
Published
May 23, 2012

Footwear retailer Genesco Inc's quarterly results handily beat expectations, helped by the acquisition of Schuh Group and a strong performance at its Journeys brand, prompting it to raise its full-year profit outlook.


Photo: Schuh


The company now expects full-year adjusted earnings of $4.70 to $4.82 per share, up from its previous forecast of $4.58 to $4.70 per share.

Analysts on average were expecting a profit of $4.69 per share, according to Thomson Reuters I/B/E/S.

First-quarter net income from continuing operations rose to $20.8 million, or 86 cents per share, from $15 million, or 63 cents per share, last year.

On an adjusted basis, the company earned 98 cents per share. This came in well above analysts' expectations of 74 cents per share.

Sales increased 25 percent to $600.1 million, beating analysts' view of $577.1 million.

Schuh Group, which Genesco acquired in June last year, contributed about 12 percent to the total sales. Sales at its Journeys group brand rose 12 percent to $263.8 million.

Nashville-based Genesco's shares closed at $70.91 on Tuesday on the New York Stock Exchange.

© Thomson Reuters 2022 All rights reserved.