Genesco reports Q4 adjusted EPS $3.26 vs. $2.59 last year

Reports Q4 revenue $746M vs. $739M last year. Reports Q4 SSS up 10%. Mimi Vaughn, Genesco’s (GCO) Board Chair, President and CEO, said, “We delivered a strong finish to the year with fourth quarter sales and gross margins exceeding expectations and operating income up meaningfully from the prior year period. Our performance was led by Journeys as the strategic growth initiatives we’ve implemented over the past 12 months fueled strong full priced selling and mid-teens comp growth. At the same time, sales trends at Schuh and Johnston & Murphy further improved with fourth quarter comps for both businesses reaching the highest level of the year.”