Genesco Inc. Earnings Drop 92% In Q1

(RTTNews) - Genesco Inc. (GCO) revealed a profit for first quarter that fell compared to the same period last year.

The company said its profit totaled $1.10 million, or $0.06 per share. This was lower than $12.95 million, or $0.62 per share, in last year's first quarter.

The company said revenue for the quarter fell 0.8% to $643.37 million. This was down from $648.79 million last year.

Genesco Inc. earnings at a glance:

-Earnings (Q1): $1.10 Mln. vs. $12.95 Mln. last year. -Earnings Decline (Y-o-Y): -91.5% -EPS (Q1): $0.06 vs. $0.62 last year. -EPS Decline (Y-o-Y): -90.3% -Revenue (Q1): $643.37 Mln vs. $648.79 Mln last year. -Revenue Change (Y-o-Y): -0.8%

-Guidance: Full year EPS guidance: $3.90 - $4.05