GCO Earnings: Genesco Stock Slammed by Q3 Miss & Guidance Cut

Genesco (GCO) stock was hit hard on Thursday after the apparel retail company released its Fiscal Q3 2026 earnings report. The company reported adjusted earnings per share of 79 cents, which failed to meet Wall Street’s estimate of 81 cents for the quarter. However, the company’s adjusted EPS did increase 29.5% year-over-year from 61 cents.

Revenue reported by Genesco in Q3 2026 came in at $616.22 million, compared to analysts’ estimate of $617.7 million. While this revenue missed Wall Street’s expectations, it did represent growth of 3% year-over-year from $596 million. The company’s revenue increase was the result of a 5% year-over-year jump in same-store sales, though it was offset by a 3% drop in comparable e-commerce sales.

Genesco stock was down 26.27% in pre-market trading on Thursday, following a slight drop yesterday. The shares have also fallen 17.54% year-to-date and 5.77% over the past 12 months.

Genesco Guidance Cut Hits Stock

Genesco also provided investors with a guidance update in its latest earnings report. It now expects Fiscal 2026 adjusted EPS to be around 95 cents, compared to its prior outlook of $1.30 to $1.70. It also cut revenue growth guidance to 2% from its previous outlook of 3% to 4%. Comparable sales for the year are expected to be up about 3%, which was another drop from the company’s prior estimate of 4% to 5%.

Is Genesco Stock a Buy, Sell, or Hold?

Turning to Wall Street, coverage of Genesco is lacking. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates GCO stock a Neutral (57) with a $36 price target. It cites “strong technical indicators and positive earnings call sentiment, highlighting growth in key segments and strategic initiatives” as reasons for this stance. This view may change following today’s earnings report.

See what else Spark has to say about GCO stock