GENESCO INC. (NYSE:GCO) Files An 8-K Results of Operations and Financial Condition
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On March 14, 2019, Genesco Inc. issued a press release announcing results of operations for the fiscal fourth quarter and fiscal year ended February 2, 2019. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
On March 14, 2019, Genesco Inc. also posted on its website, www.genesco.com, commentary by its chief financial officer on the quarterly and annual results and a summary of results for the fiscal quarter ended February 2, 2019 and guidance for fiscal year 2020. Copies of the commentary and summary are furnished as Exhibits 99.2 and 99.3, respectively, 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 and commentary furnished herewith contain non-GAAP financial measures, including adjusted gross margin, 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 2019s 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 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
The following exhibits are furnished herewith:
GENESCO INC Exhibit
EX-99.1 2 ex991earningsq4fy19.htm EXHIBIT 99.1 Exhibit Exhibit 99.1GENESCO INC. REPORTS FISCAL 2019 FOURTH QUARTER AND FULL YEAR RESULTS-Fourth Quarter Comps from Continuing Operations Increased 4%,…
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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.
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