GENESCO INC. (NYSE:GCO) Files An 8-K Results of Operations and Financial Condition

GENESCO INC. (NYSE:GCO) Files An 8-K Results of Operations and Financial ConditionItem 2.02.RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On September 7, 2018, Genesco Inc. issued a press release announcing results of operations for the fiscal second quarter ended August 4, 2018. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

On September 7, 2018, Genesco Inc. also posted on its website, www.genesco.com, commentary by its chief financial officer on the quarterly results and a slide presentation with summary results and guidance. A copy of the commentary is furnished as Exhibit 99.2 and a copy of the slide presentation is furnished as Exhibit 99.3 to this Current Report on Form 8-K.

In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the press release, commentary and summary results and guidance 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 2019’s 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.

Item 2.02.FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

The following exhibits are furnished herewith:

GENESCO INC ExhibitEX-99.1 2 ex991earnings090718.htm EXHIBIT 99.1 Exhibit GENESCO INC. REPORTS FISCAL 2019 SECOND QUARTER RESULTS–Highest Comp Gain in More Than Two Years Including Positive Store Comps—-Company Reiterates Fiscal 2019 Guidance–Second Quarter Fiscal 2019 Financial Summary•Net sales increased 6% to $654 million•Comparable sales increased 3% •GAAP EPS from continuing operations was $0.01•Non-GAAP EPS from continuing operations was $0.04 (1) NASHVILLE,…To view the full exhibit click here
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.