Why Genesco Stock Is Trading Higher On Friday
Why Genesco Stock Is Trading Higher On Friday
The overall sales increase for the third quarter was driven by an increase of 4% at Journeys, an increase of 3% at Schuh and a 10% increase at Genesco Brands, partially offset by a decrease of 4% at Johnston & Murphy. Genesco Inc. (NYSE:GCO) shares are trading higher on Friday after the company reported third-quarter financial results. It clocked an adjusted earnings per share of 61 cents, beating the street view of 29 cents. Quarterly revenues of $596.328 million (+3%) beat the analyst consensus estimate of $577.93 million.
格涅斯科公司（紐交所：GCO）股價週五上漲，此前該公司公佈了第三季度財務業績。每股調整後收益爲61美分，超出了街頭預期的29美分。季度營收爲59632.8萬美元（+3%），超過了分析師共識預期的57793萬美元。
Comparable sales rose 6%, with e-commerce sales up 15% and store sales increasing 4%. E-commerce accounted for 24% of retail sales.
可比銷售額上漲6%，電子商務銷售增長15%，門店銷售增長4%。電子商務佔零售銷售額的24%。
"This result was driven by the initial phase of Journeys' strategic growth plan which has focused on elevating the consumer experience including improving the product assortment and visually resetting our stores," said Mimi E. Vaughn, Genesco's Board Chair.
「這一成果歸功於Journeys戰略增長計劃的初期階段，該計劃旨在提升消費者體驗，包括改進產品組合和視覺重置我們的商店，」 格涅斯科公司董事長Mimi E. Vaughn表示。
The overall sales increase for the third quarter was driven by an increase of 4% at Journeys, an increase of 3% at Schuh and a 10% increase at Genesco Brands, partially offset by a decrease of 4% at Johnston & Murphy.
第三季度整體銷售增長得益於Journeys銷量增長4%，Schuh銷量增長3%，格涅斯科品牌銷量增長10%，部分抵消了Johnston & Murphy銷量下降4%的影響。
Also Read: Consumer Sentiment Hits 7-Month High, But Inflation Fears Divide Democrats, Republicans
還閱讀：消費者信心指數創7個月新高，但通脹擔憂分裂民主黨和共和黨。
Third quarter gross margin decreased 30 basis points to 47.8% compared with 48.1% last year, due primarily to changes in product mix at Journeys.
第三季度毛利率下降30個點子至47.8%，與去年的48.1%相比，主要是由於Journeys產品組合發生變化所致。
Genesco held cash and equivalents of $33.6 million as of November 2, compared with $21.7 million in the year-ago period. At the end of the third quarter of fiscal 2025, total debt was $100.1 million.
截至11月2日，格涅斯科公司現金及現金等價物爲3360萬美元，而去年同期爲2170萬美元。到2025財年第三季度結束時，總債務爲10010萬美元。
The company said it closed 12 Journeys stores in the third quarter (for a total of 41 Journeys stores closed to date in Fiscal 2025) and expects to close up to another 10 Journeys stores in Fiscal 2025.
該公司表示第三季度關閉了12家Journeys門店（至2025財年迄今已關閉41家Journeys門店），預計在2025財年還將關閉最多另外10家Journeys門店。
Outlook: Genesco raised its FY25 adjusted EPS forecast to $0.80-$1.00, compared to the analyst estimate of $0.80 (Prior view: $0.60-$1.00).
展望：格涅斯科將其2025財年調整後的每股收益預測上調至0.80-1.00美元，而分析師估計爲0.80美元（先前預期爲0.60-1.00美元）。
Genesco now expects total sales to be flat or down 1% compared to Fiscal 2024. Excluding the 53rd week, sales are expected to be flat to up 1%.
格涅斯科現預計總銷售額較2024財年持平或下降1%。剔除第53周，銷售額預計持平至增長1%。
Price Action: GCO shares are up 6.50% to $39.84 at the last check on Friday.
價格走勢：GCO股價在週五最後一次查看時上漲6.50%，至39.84美元。
- US Economy Adds 227,000 Jobs In November, Wage Growth Accelerates
- 美國經濟在11月份新增227,000個就業崗位，工資增長加速。
Photo by JHVEPhoto via Shutterstock
照片由JHVEPhoto通過Shutterstock提供
