GENESCO INC. (NYSE:GCO) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
results of operations for the fiscal fourth quarter and fiscal
year ended January 28, 2017. A copy of the press release is
furnished as Exhibit 99.1 to this Current Report on Form 8-K.
www.genesco.com, commentary by its chief financial officer on the
quarterly and annual results. A copy of the commentary is
furnished as Exhibit 99.2 to this Current Report on Form 8-K.
accordance with United States generally accepted accounting
principles (GAAP), the press release and commentary furnished
herewith contain non-GAAP financial measures, including adjusted
selling, general and administrative expense, operating earnings,
pretax earnings, earnings from continuing operations and earnings
per share from continuing operations, as discussed in the text of
the release and commentary and as detailed on the reconciliation
schedule attached to the press release and commentary. For
consistency and ease of comparison with Fiscal 2017s previously
announced earnings expectations and the adjusted results for the
prior period announced last year, the Company believes that
disclosure of the non-GAAP measures will be useful to investors.
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Exhibit Number
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Description
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99.1
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Press Release dated March 10, 2017, issued by Genesco
Inc. |
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99.2
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Genesco Inc. Fourth Fiscal Quarter Ended January 28,
2017
Chief Financial Officers Commentary
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About GENESCO INC. (NYSE:GCO)
Genesco Inc. is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. Its Journeys Group segment includes Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy and Underground by Journeys retail stores, catalog and e-commerce operations. Schuh Group operates over 110 Schuh stores, averaging approximately 5,000 square feet, which include both street-level and mall locations in the United Kingdom, the Republic of Ireland and Germany. Lids Sports Group operates approximately 1,330 stores, including over 920 Lids stores, approximately 230 Lids Locker Room and Clubhouse stores and over 180 Locker Room by Lids leased departments. Johnston & Murphy operates approximately 170 retail shops and factory stores throughout the United States and in Canada. Licensed Brands offers footwear marketed under the Dockers brand. GENESCO INC. (NYSE:GCO) Recent Trading Information
GENESCO INC. (NYSE:GCO) closed its last trading session down -0.90 at 56.40 with 408,961 shares trading hands.
