Genesco (NYSE:GCO) Issues FY 2027 Earnings Guidance

Posted by Francis Steltz on May 31st, 2026

Genesco (NYSE:GCO – Get Free Report) updated its FY 2027 earnings guidance on Friday. The company provided EPS guidance of 2.000-2.400 for the period, compared to the consensus EPS estimate of 2.140. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on GCO shares. Weiss Ratings raised Genesco from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 15th. Seaport Research Partners lowered Genesco from a “buy” rating to a “neutral” rating in a report on Wednesday. Truist Financial set a $40.00 target price on Genesco in a report on Friday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Genesco in a report on Friday, March 6th. Finally, Wall Street Zen raised Genesco from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Genesco has a consensus rating of “Hold” and an average price target of $36.67.

Check Out Our Latest Research Report on GCO

Genesco Trading Up 5.8%

NYSE:GCO opened at $38.50 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.64 and a debt-to-equity ratio of 0.01. Genesco has a 1-year low of $19.62 and a 1-year high of $38.95. The firm has a market capitalization of $418.14 million, a price-to-earnings ratio of 22.26 and a beta of 1.82. The stock has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $30.09.

Genesco (NYSE:GCO – Get Free Report) last released its quarterly earnings results on Friday, May 29th. The company reported ($2.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.58) by $0.40. Genesco had a return on equity of 2.92% and a net margin of 0.54%.The business had revenue of $487.03 million during the quarter, compared to analyst estimates of $474.33 million. Genesco has set its FY 2027 guidance at 2.000-2.400 EPS. Sell-side analysts forecast that Genesco will post 2.12 earnings per share for the current year.

More Genesco News

Here are the key news stories impacting Genesco this week:

Positive Sentiment: Genesco posted first-quarter revenue of $487.0 million, above Wall Street estimates, and its loss of $2.18 per share was smaller than expected. The better-than-expected results suggest sales trends are holding up better than feared. Genesco earnings report
Positive Sentiment: The company raised fiscal 2027 EPS guidance to $2.00-$2.40, signaling improved profitability expectations and helping support the stock’s recent upward momentum. Benzinga outlook article
Positive Sentiment: Management also outlined a $40 million to $50 million cost-reduction program through fiscal 2029, which could improve margins over time and gives investors a clearer long-term earnings catalyst. Seeking Alpha cost program article
Positive Sentiment: Several reports highlighted improving momentum across Genesco’s key brands and a better start to the year, reinforcing the view that the retail story is strengthening. Yahoo Finance earnings call highlights
Neutral Sentiment: A separate note from Wall Street Zen reportedly upgraded Genesco to Buy, which may add some support but is less important than the earnings and guidance news. Rating increased to Buy
Negative Sentiment: At least one valuation-focused article warned the stock may be overvalued after its recent rally, which could temper enthusiasm if investors start focusing more on the share price run-up than fundamentals. GuruFocus overvalued article

Hedge Funds Weigh In On Genesco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Genesco in the 1st quarter valued at $26,000. Group One Trading LLC acquired a new stake in Genesco during the 4th quarter worth about $26,000. Meeder Asset Management Inc. acquired a new stake in Genesco during the 4th quarter worth about $37,000. Quarry LP boosted its position in Genesco by 182.2% during the 3rd quarter. Quarry LP now owns 1,964 shares of the company’s stock worth $57,000 after acquiring an additional 1,268 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Genesco by 92.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,960 shares of the company’s stock worth $57,000 after acquiring an additional 941 shares during the period. Institutional investors and hedge funds own 94.51% of the company’s stock.

About Genesco

(Get Free Report)

Genesco Inc is a Nashville, Tennessee-based retailer, wholesaler and licensee specializing in branded footwear, headwear, apparel and accessories. Through its portfolio of retail chains, wholesale distribution channels and licensing agreements, Genesco brings a range of product offerings to consumers in North America and Europe.

The company’s retail segment includes specialty chains such as Journeys, which targets fashion-focused teens and young adults in the United States and Canada, and Schuh, a footwear retailer with locations in the United Kingdom and Ireland.