Genesco Inc. Profit Drops 18% In Q2

(RTTNews) - Genesco Inc. (GCO) revealed earnings for second quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $6.92 million, or $0.34 per share. This was lower than $8.48 million, or $0.36 per share, in last year's second quarter.

Analysts had expected the company to earn $0.27 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.6% to $625.56 million. This was down from $655.53 million last year.

Genesco Inc. earnings at a glance:

-Earnings (Q2): $6.92 Mln. vs. $8.48 Mln. last year. -Earnings Decline (Y-o-Y): -18.4% -EPS (Q2): $0.34 vs. $0.36 last year. -EPS Decline (Y-o-Y): -5.6% -Analysts Estimate: $0.27 -Revenue (Q2): $625.56 Mln vs. $655.53 Mln last year. -Revenue Change (Y-o-Y): -4.6%

-Guidance: Full year EPS guidance: $3.80 - $4.00