Why Branded Footwear Retailer Genesco's Shares Are Tumbling Today
Why Branded Footwear Retailer Genesco's Shares Are Tumbling Today
Genesco Inc (NYSE:GCO) shares are plummeting after reporting fourth-quarter FY24 sales growth of 2% year-on-year to $738.95 million, beating the analyst consensus estimate of $705.66 million.
Genesco Inc（纽约证券交易所代码：GCO）公布的24财年第四季度销售额同比增长2％至7.3895亿美元，超过了分析师共识估计的7.0566亿美元，股价暴跌。
Excluding the 14th week, sales would have decreased 2% for the fourth quarter of fiscal 2024. Total comparable sales declined 4%.
不包括第14周，2024财年第四季度的销售额将下降2％。可比总销售额下降了4％。
Overall sales dropped 2% at Journeys, grew 6% at Schuh, up 9% at Johnston & Murphy, and increased 24% at Genesco Brands.
Journeys的总销售额下降了2％，Schuh增长了6％，约翰斯顿和墨菲增长了9％，Genesco Brands的总销售额增长了24％。
Adjusted EPS of $2.59 missed the analyst consensus of $3.04.
调整后的每股收益为2.59美元，未达到分析师共识的3.04美元。
Gross margin was 46.3%, a 10 basis points contraction Y/Y. Operating margin was 5%, and operating income for the quarter was $37.3 million.
毛利率为46.3％，同比萎缩10个基点。营业利润率为5％，该季度的营业收入为3,730万美元。
The company held $35.2 million in cash and equivalents as of February 3, 2024. Inventories decreased 17.3% on a Y/Y basis.
截至2024年2月3日，该公司持有3520万美元的现金及等价物。库存同比下降17.3％。
The company closed 94 Journeys stores in fiscal 2024 and targets up to 50 more closures in fiscal 2025.
该公司在2024财年关闭了94家Journeys门店，目标是在2025财年再关闭多达50家门店。
"Although the Holiday season started off positively, consumers subsequently shopped almost exclusively for key footwear items with a notable shift away from boots, putting more pressure on our core product assortment than we anticipated at the beginning of Q4," said Board Chair, President and CEO Mimi E. Vaughn.
董事会主席、总裁兼首席执行官Mimi E. Vaughn表示：“尽管假日季开局良好，但消费者随后几乎只购买关键的鞋类商品，这些商品明显偏离了靴子，这给我们的核心产品组合带来的压力比我们在第四季度初的预期要大。”
Outlook: Genesco sees fiscal 2025 adjusted EPS of $0.60 – $1.00, against a consensus of $2.53.
展望：Genesco预计，2025财年调整后的每股收益为0.60美元至1.00美元，而市场普遍预期为2.53美元。
The company expects fiscal 2025 total sales to decrease 2% to 3% compared to fiscal 2024, or down 1% to 2% excluding the 53rd week in fiscal 2024.
该公司预计，与2024财年相比，2025财年的总销售额将下降2％至3％，如果不包括2024财年的第53周，则下降1％至2％。
Price Action: GCO shares are trading lower by 12% at $25.75 in premarket on the last check Friday.
价格走势：周五最后一张支票盘前，GCO股价下跌12％，至25.75美元。
Image by Lumen Photos via Shutterstock
图片由 Lumen Photos 通过 Shutterstock 拍摄