Earnings Call Summary | Genesco(GCO.US) Q4 2024 Earnings Conference
Earnings Call Summary | Genesco(GCO.US) Q4 2024 Earnings Conference
The following is a summary of the Genesco Inc. (GCO) Q4 2024 Earnings Call Transcript:
以下是Genesco Inc.（GCO）2024年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Genesco reported Q4 revenue of $739 million, a 2% rise mainly driven by all divisions except Journeys. However, without the additional 53rd week, overall sales saw a 2% dip.
Despite the operating challenges in fiscal 2024, the overall sales decreased only by low single digits while the gross margin was compressed by 30 basis points.
The company's Q4 earnings per share fell short of the recent guidance owing to softer sales and heightened expenses.
Genesco's digital business grew at 5% in Q4 and 8% for the full year, increasing digital penetration to 23% from 20% last year.
The firm produced approximately $108 million in free cash flow, indicating a robust balance sheet and substantial financial power to support the future strategic plans.
Genesco anticipates significant pressure in the first half of fiscal 2025.
Genesco公佈的第四季度收入爲7.39億美元，增長2％，主要由除Journeys以外的所有部門推動。但是，如果沒有額外的第53周，整體銷售額下降了2％。
儘管在2024財年面臨運營挑戰，但總銷售額僅下降了個位數，而毛利率壓縮了30個點子。
由於銷售疲軟和支出增加，該公司第四季度的每股收益未達到最近的預期。
Genesco的數字業務在第四季度增長了5％，全年增長了8％，數字滲透率從去年的20％提高到23％。
該公司產生了約1.08億美元的自由現金流，這表明資產負債表強勁，財務實力雄厚，足以支持未來的戰略計劃。
Genesco預計，2025財年上半年將面臨巨大壓力。
Business Progress:
業務進展：
Genesco launched Journeys All Access loyalty program and Buy Online, Pick Up in Store initiative in North America, both of which have shown positive early results.
A sizeable reduction in underperforming Journeys stores was achieved, with nearly 100 closures and further 50 being evaluated for closure in the current fiscal year.
Progress is being made in expansion of the assortment for Schuh and J&M plans for fiscal 2025 while continuing with strategies to improve productivity and profitability.
With a new leadership and focused turnaround program, the company is implementing new initiatives to enhance Journeys' product offering and customer experience.
The company aims for growth in sales by injecting newness into product selections across online and physical stores, hinting a brighter prospect for growth and profitability, especially for Schuh operations.
Genesco is targeting an annualized run rate reduction before reinvesting of $45 million to $50 million by the end of fiscal '25, surpassing the original target of $40 million.
Genesco在北美啓動了Journeys All Access忠誠度計劃和在線購買，店內提貨計劃，兩者都取得了積極的早期成果。
表現不佳的Journeys門店大幅減少，在本財年關閉了近100家，另有50家正在評估是否關閉。
在擴大2025財年Schuh和J&M計劃的種類方面正在取得進展，同時繼續實施提高生產率和盈利能力的戰略。
憑藉新的領導層和有針對性的週轉計劃，該公司正在實施新的舉措，以增強Journeys的產品供應和客戶體驗。
該公司的目標是通過爲在線和實體店的產品選擇注入新穎性來實現銷售增長，這表明增長和盈利前景更加光明，尤其是對Schuh業務而言。
Genesco的目標是降低年化運行率，然後在25財年末再投資4,500萬美元至5000萬美元，超過最初的4000萬美元目標。
More details: Genesco IR
更多詳情： Genesco IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。