Last €63.03 EUR
Change Today -0.071 / -0.11%
Volume 0.0
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genesco inc (GN8) Snapshot

Open
€63.03
Previous Close
€63.10
Day High
€63.03
Day Low
€63.03
52 Week High
08/27/14 - €67.44
52 Week Low
02/20/14 - €49.36
Market Cap
1.5B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
24.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GENESCO INC (GN8)

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genesco inc (GN8) Details

Genesco Inc. sell shoes and hats. It operates Journeys, Journeys Kidz, and Shi by Journeys stores that offer footwear for young men, women, and children. It also operates Underground Station, Jarman, Hat World, Lids, Hat Shack, Hat Zone, Head Quarters, Cap Connection, Lids Kids, and Johnston & Murphy. As of Feb. 3, 2007, the company operated 2,009 stores in the U.S. and Puerto Rico, and 26 hat stores in Canada. Genesco also designs, sources, markets, and distributes footwear under its own Johnston & Murphy brand and under the licensed Dockers brand. The company was founded in 1925 and is based in Nashville.

9,200 Employees
Last Reported Date: 04/3/14
Founded in 1924

genesco inc (GN8) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $826.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $434.5K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $589.5K
Senior Vice President, Chief Executive Office...
Total Annual Compensation: $379.0K
Senior Vice President and President of Hat Wo...
Total Annual Compensation: $418.5K
Compensation as of Fiscal Year 2014.

genesco inc (GN8) Key Developments

Genesco Inc. Announces Sales Results for the Quarter-To-Date Period Ended January 3, 2015; Provides Earnings Guidance for the Fiscal Year Ending January 31, 2015

Genesco Inc. announced comparable sales results for the quarter-to-date period ended January 3, 2015. The company announced that comparable sales, including both stores and direct sales, increased 10% for the quarter-to-date, from the equivalent period last year. Same store sales increased 9% and sales for the company's commerce and catalog direct sales businesses increased 25% on a comparable basis for the period. The company provided earnings guidance for the fiscal year ending January 31, 2015. For the year, the company forecasted earnings from continuing operations from between $95,029,000 to $92,347,000, adjusted forecasted earnings from continuing operations from between $114,830,000 to $112,464,000. All adjustments are net of tax where applicable.  The forecasted tax rate for fiscal 2015 is approximately 36.9% excluding a FIN 48 discrete item of $0.1 million. EPS reflects 23.7 million share count for Fiscal 2015 which includes common stock equivalents. The company's adjusted earnings per share expectations do not reflect expected non-cash asset impairments and other charges, partially offset by a gain on a lease termination in the first quarter of the year, which are expected to be approximately $0.08 to $0.09 per diluted share for the fiscal year.

Genesco Inc. to Open 165 Stores at Fiscal 2015; To Close 47 Stores

Genesco Inc. announced that it plans to open or acquire 165 stores at fiscal 2015. The company plans to end fiscal 2015 with 2,658 stores. The company's current plan is to close 47 stores during the year.

Genesco Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 1, 2014; Revises Earnings Guidance for the Fiscal 2015; Provides Earnings Guidance for the Fiscal 2016

Genesco Inc. reported consolidated earnings results for the third quarter and nine months ended November 1, 2014. For the quarter, the company reported net sales of $722,915,000 against $666,332,000 a year ago. Earnings from operations were $46,560,000 against $46,979,000 a year ago. Earnings from continuing operations before income taxes were $38,619,000 against $45,789,000 a year ago. Earnings from continuing operations were $28,750,000 against $27,796,000 a year ago. Net earnings were $28,662,000 against $27,750,000 a year ago. Diluted net earnings per share were $1.21 against $1.18 a year ago. Adjusted earnings from continuing operations were $30,302,000 or $1.28 earnings per share against $33,824,000 or $1.43 earnings per share a year ago. Capital expenditures were $33 million compared with $39 million last year. Adjusted operating income was $48,613,000 against $55,462,000 a year ago. For the nine months, the company reported net sales of $1,967,214,000 against $1,832,466,000 a year ago. Earnings from operations were $80,362,000 against $88,231,000 a year ago. Earnings from continuing operations before income taxes were $70,938,000 against $84,862,000 a year ago. Earnings from continuing operations were $47,616,000 against $50,770,000 a year ago. Net earnings were $47,329,000 against $50,500,000 a year ago. Diluted net earnings per share were $2.00 against $2.14 a year ago. Adjusted operating income was $93,734,000 against $113,994,000 a year ago. Adjusted earnings from continuing operations were $57,614,000 or $2.43 earnings per share against $69,261,000 or $2.93 earnings per share a year ago. The company has revised fiscal 2015 full year earnings guidance. The company now expects adjusted diluted earnings per share to be in the range of $4.75 to $4.85, compared to fiscal 2014's adjusted earnings per share of $5.09, down from previously issued guidance of $5.10 to $5.20. Consistent with previous guidance, these expectations do not include non-cash asset impairments and other charges, partially offset by a gain on a lease termination in the first quarter this year, which the company estimate will be in the range of $2.9 million to $3.4 million pretax, or $0.08 to $0.09 per share, after tax, in fiscal 2015. These expectations also do not reflect a $5.7 million, or $0.15 per diluted share, change in the first quarter related to the change in accounting for bonus awards. Finally, the expected earnings per share do not reflect compensation expense associated with the Schuh deferred purchase price as described above, which is currently estimated at approximately $7.3 million, or $0.31 per diluted share, for the full year. This guidance assumes a comparable sales increase in the low single digit range for the full fiscal year. The company is expecting an overall sales increase of 7% to 8% for the fiscal year. The company expects operating margin of 6.5% for the full year of fiscal 2015. The company’s tax assumption for the full year is approximately 36.9%. The company also expects capital expenditures for the year of about $136 million, and depreciation and amortization will be about $74 million. The company expects low single-digit positive comps and EPS growth in the range of 18% for the fiscal 2016. Historically, the company has had about 60% of its sales and about 70% of its operating income in the back half of the year, and the company expects a similar pattern for the fiscal 2016.

 

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Industry Analysis

GN8

Industry Average

Valuation GN8 Industry Range
Price/Earnings 18.8x
Price/Sales 0.6x
Price/Book 1.8x
Price/Cash Flow 19.2x
TEV/Sales 0.6x
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