Genesco Q1 Comps Up 5%; Backs FY20 Adj. EPS Outlook Range - Quick Facts

(RTTNews) - Specialty retailer Genesco, Inc. (GCO) announced Friday that comparable sales increased 5 percent, with stores up 4 percent and direct up 15 percent, for the first quarter.

The company also maintained its adjusted earnings from continuing operations 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 higher end of the range, compared to the prior projection of being at the midpoint.

Comparable sales from continuing operations for the year are still projected to be up 1 to 2 percent.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.59 per share for fiscal 2020. Analysts' estimates typically exclude special items.