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8/31/11Genesco Q2 2011 Sales Up 29% But Margins Still Anemic (Morningpick)

Before you get to the earnings report for Genesco, I just want to add that after reading Genesco's earnings for Q2 2011, their margins will not improve upon their profit margin ranking within the Apparel Industry which currently sits at the lower one third of the 43 companies listed. However, the 9% margin by 2016 predicted by CEO Robert Dennis in today's earnings report could conceivably rank them best in the Industry. An audacious goal given the current and forecasted economic conditions...

6/29/11(GCO) Genesco Takes Over Schuh Group (Stock Blog Hub)

Genesco Inc. (GCO) recently acquired UK-based Schuh Group Ltd., a specialty retailer of casual and athletic footwear, for £125 million. The purchase price was broken into three tranches plus a possible management bonus contingent upon performance worth up to another £25 million. From this deal, Genesco and Schuh will derive merchandising synergies as both operate in [...]

10/6/10Piper Jaffray Maintains Overweight on Genesco (Benzinga)

Piper Jaffray is maintaining its overweight rating on Genesco (NYSE: GCO) as it's Journey's brand perception is up with teens and footwear spending has increased overall. In Piper's recent survey with teens, it believes the results point to continued interest in the footwear category and Journeys stands well positioned to benefit from the gains. Risks to achieving the target price include reliance on management, competition, inventory and markdowns, traffic volatility, and general...

1/23/10(GCO) Genesco Incorporated – Earnings Reports Tops Estimates (Stock Blog Hub)

Genesco Inc. (GCO) is trading at a great value but also has earnings momentum on analyst upgrades and a bullish outlook. Company Description Genesco sells footwear, headwear and other accessories in the U.S. and Canada. Products are branded under Journeys, Lids, Underground Station and others. Tops Estimates Genesco reported third-quarter results for fiscal 2010 on Nov 24 that included [...]

7/9/09(GCO) Genesco Inc. – Aggressive Growth – Zacks Rank Buy (Stock Blog Hub)

Genesco, Inc. (GCO) is cyclical but continues to show solid growth in a tough retail environment. Company Description Genesco is a footwear retailer and wholesaler. Brands include Dockers Footwear, Nautica Footwear, and others. Additionaly the company runs Volunteer Leather Co., a leather tanning and finishing unit. Crushed Earnings Estimates On May 28 the footwear company released fiscal first-quarter results [...]

11/5/08(GCO) Genesco – Given the company’s full year guidance, covering analysts have been raising e... (Stock Blog Hub)

Genesco, Inc. (GCO) is bucking the retail gloom as sales remain robust. The company raised full year guidance in August. GCO is trading at 9.6x forward earnings. Company Description Genesco sells footwear, headwear and accessories in 2,150 stores in the United States and Canada. The company's brands include Journeys, Journeys Kidz, Johnston & Murphy, Underground Station, Hatworld, [...]


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