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The latest announcement is out from Genesco ( (GCO) ).
Genesco Inc. reported its fiscal 2026 second-quarter results, showing a 4% increase in net sales to $546 million compared to the previous year. The company experienced a 4% rise in comparable sales, driven by a 9% increase at Journeys. Despite a GAAP operating loss of $14.4 million, Genesco raised its full-year sales outlook, reflecting confidence in its strategic growth initiatives. The company continues to navigate challenges such as tariffs and a competitive market environment, while focusing on product elevation and customer experience to maintain momentum.
The most recent analyst rating on (GCO) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Genesco stock, see the GCO Stock Forecast page.
Spark’s Take on GCO Stock
According to Spark, TipRanks’ AI Analyst, GCO is a Neutral.
Genesco’s overall stock score reflects a mixed outlook. The company’s financial performance is under pressure from declining revenues and profitability, while technical analysis shows bullish momentum. Valuation remains a concern with a negative P/E ratio. The positive sentiment from the earnings call, driven by strong sales growth and strategic initiatives, provides some optimism for future performance.
To see Spark’s full report on GCO stock, click here.
More about Genesco
Genesco Inc. operates in the retail industry, focusing on footwear and accessories. The company is known for its brands such as Journeys, Schuh, and Johnston & Murphy, and targets a broad market with a particular emphasis on the teen demographic.
Average Trading Volume: 242,803
Technical Sentiment Signal: Buy
Current Market Cap: $346.6M
Learn more about GCO stock on TipRanks’ Stock Analysis page.