Genesco Q2: Underperforming Comparable Sales, As Wall Street Expected
GCOGenesco(GCO) Seeking Alpha·2024-09-07 21:11

Juanmonino Genesco Inc. (NYSE:GCO), the footwear & apparel retailer, reported its fiscal Q2 results on the 6th of September, sending the stock down nearly -12%. The stock crashed despite a very slightly raised FY2025 outlook and a Q2 earnings beat, with the market seeming to price in a much better performance than Wall Street’s analysts expected. Previously, I published an article on the stock on the 27th of February, titled “Genesco: Focus On Future Margin Trajectory”. Since I initiated the stock at a n ...