Genesco Inc.

Genesco (GCO) Reports Q2 Loss, Beats Revenue Estimates

Genesco reported a quarterly loss of $0.83 per share, beating the consensus estimate of $1.34 loss by 38.06%. Revenue of $529.86 million slightly exceeded expectations by 0.59%, though it declined year-over-year. The stock has gained 35.3% year-to-date, outperforming the S&P 500's 12% gain. The company holds a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.