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（紐約證券交易所代碼：GCO）公佈的24財年第四季度銷售額同比增長2％至7.3895億美元，超過了分析師共識估計的7.0566億美元，股價暴跌。
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財年第四季度的銷售額將下降2％。可比總銷售額下降了4％。
Overall sales dropped 2% at Journeys, grew 6% at Schuh, up 9% at Johnston & Murphy, and increased 24% at Genesco Brands.
Journeys的總銷售額下降了2％，Schuh增長了6％，約翰斯頓和墨菲增長了9％，Genesco Brands的總銷售額增長了24％。
Adjusted EPS of $2.59 missed the analyst consensus of $3.04.
調整後的每股收益爲2.59美元，未達到分析師共識的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.
毛利率爲46.3％，同比萎縮10個點子。營業利潤率爲5％，該季度的營業收入爲3,730萬美元。
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，該公司持有3520萬美元的現金及等價物。庫存同比下降17.3％。
The company closed 94 Journeys stores in fiscal 2024 and targets up to 50 more closures in fiscal 2025.
該公司在2024財年關閉了94家Journeys門店，目標是在2025財年再關閉多達50家門店。
"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.
董事會主席、總裁兼首席執行官Mimi E. Vaughn表示：“儘管假日季開局良好，但消費者隨後幾乎只購買關鍵的鞋類商品，這些商品明顯偏離了靴子，這給我們的核心產品組合帶來的壓力比我們在第四季度初的預期要大。”
Outlook: Genesco sees fiscal 2025 adjusted EPS of $0.60 – $1.00, against a consensus of $2.53.
展望：Genesco預計，2025財年調整後的每股收益爲0.60美元至1.00美元，而市場普遍預期爲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.
該公司預計，與2024財年相比，2025財年的總銷售額將下降2％至3％，如果不包括2024財年的第53周，則下降1％至2％。
Price Action: GCO shares are trading lower by 12% at $25.75 in premarket on the last check Friday.
價格走勢：週五最後一張支票盤前，GCO股價下跌12％，至25.75美元。
Image by Lumen Photos via Shutterstock
圖片由 Lumen Photos 通過 Shutterstock 拍攝
譯文內容由第三人軟體翻譯。