Genesco Shares Decline on FY Sales Forecast

Dow Jones

2025/03/08

By Denny Jacob

Genesco shares declined 22% following a forecast of light sales during the new fiscal year.

Shares were trading around $25.40. The stock is down 11% over the last year.

The retailer behind brands including Johnston & Murphy and Journeys guided for sales to be flat year over year or up 1% in fiscal 2026, which started Feb. 2.

Adjusted earnings per share are expected to be between $1.30 and $1.70. The metric removes negative impacts from foreign-currency fluctuations and planned store closures.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 07, 2025 11:28 ET (16:28 GMT)

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The stock is down 11% over the last year. \n\n\n  The retailer behind brands including Johnston & Murphy and Journeys guided for sales to be flat year over year or up 1% in fiscal 2026, which started Feb. 2. \n\n\n  Adjusted earnings per share are expected to be between $1.30 and $1.70. The metric removes negative impacts from foreign-currency fluctuations and planned store closures. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 07, 2025 11:28 ET (16:28 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}