Genesco Q4 Comps Up 4%; Guides FY20 Adj. EPS Below View - Quick Facts

(RTTNews) - Specialty retailer Genesco, Inc. (GCO) announced Thursday that comparable sales from continuing operations increased 4 percent, with stores up 3 percent and direct up 10 percent, for the fourth quarter.

The company also initiated adjusted earnings and comparable sales guidance for the full-year 2020. It projects adjusted earnings from continuing operations in the range of $3.35 to $3.75 per share, with an expectation that earnings for the year will be near the midpoint of the range. Comparable sales from continuing operations for the year are projected to be up 1 to 2 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.91 per share for fiscal 2020. Analysts' estimates typically exclude special items.