Genesco Inc. is a leading retailer and wholesaler that specializes in footwear and accessories. The company operates a diverse portfolio of well-known brands, including Journeys, Johnston & Murphy, and Lids, catering to a wide range of customer preferences and needs. Genesco focuses on delivering high-quality products and an engaging shopping experience, with a strong presence in both physical stores and e-commerce platforms. The company is dedicated to fostering brand loyalty and innovation within the footwear industry while promoting a culture of service and community engagement. Read More
Curious to know what's happening on the US markets one hour before the close of the markets on Thursday? Join us as we explore the top gainers and losers in today's session.
Looking for insights into the US markets in the middle of the day on Thursday? Delve into the top gainers and losers of today's session and gain valuable market intelligence.
The company projected fiscal 2026 total sales to be up about 2% and comparable sales to be up about 3% compared to the previous year, down from the prior forecast for total sales to be up 3% to 4% and comparable sales up 4% to 5%.
Footwear, apparel, and accessories retailer Genesco (NYSE:GCO) met Wall Streets revenue expectations in Q3 CY2025, with sales up 3.3% year on year to $616.2 million. Its non-GAAP profit of $0.79 per share was 8.1% below analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after comments from a key Federal Reserve official bolstered hopes for an interest rate cut. New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.
Genesco Inc. (NYSE: GCO) today announced that the Company will report financial results for the third quarter fiscal 2026 on December 4, 2025, before the market opens, and hold its quarterly earnings conference call at 7:30 a.m. (Central time) the same day.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
Wall Street’s bearish price targets for the stocks in this article signal serious concerns.
Such forecasts are uncommon in an industry where maintaining cordial corporate relationships often trumps delivering the hard truth.
A number of stocks jumped in the afternoon session after investors continued to pile into value-oriented names amid growing valuation concerns. This shift reflected growing caution over high valuations within the technology and artificial intelligence (AI) spheres. As market participants reassessed risk, they reallocated capital from growth-heavy indices, like the Nasdaq, to companies in areas like industrials and financials, perceived to be more reasonably priced.
Contributing to the positive momentum, markets remained hopeful that a prolonged 40-day government shutdown would be over.
The U.S. Senate approved a compromise funding package, which was pending a vote in the House. The potential end to the shutdown brought a sense of relief to markets.
Small-cap stocks in the Russell 2000 (^RUT) can be a goldmine for investors looking beyond the usual large-cap names.
But with less stability and fewer resources than their bigger counterparts, these companies face steeper challenges in scaling their businesses.
As the Q2 earnings season wraps, let’s dig into this quarter’s best and worst performers in the footwear industry, including Genesco (NYSE:GCO) and its peers.
A number of stocks fell in the afternoon session after worries over worsening trade relations with China were triggered by critical comments from President Donald Trump.
Most consumer discretionary businesses succeed or fail based on the broader economy. This volatility leads to big swings in stock prices that have worked in their favor recently -
over the past six months, the industry has returned 32.3% and beat the S&P 500 by 4.3 percentage points.
A number of stocks fell in the afternoon session after a confluence of negative economic data pointed to a weak economy. The latest Survey of Consumer Expectations from the New York Fed revealed that households' short-term inflation expectations are rising, while their outlook on the labor market is deteriorating. Consumers expressed greater concern about potential job losses and expect lower earnings growth, factors that directly impact discretionary spending.
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south.
While some investors embrace risk, mistakes can be costly for those who aren’t prepared.
Today, American premium lifestyle brand, Johnston & Murphy has introduced Peyton Manning as its brand ambassador. The partnership is announced following the debut of the new fall brand campaign and is built on a common philosophy of quality, achievement and approachable style.
Genesco Inc. (NYSE: GCO), a footwear industry leader with more than 1,250 retail stores in North America, the U.K., and the Republic of Ireland and a portfolio of owned and licensed lifestyle brands, today announced the formation of the Journeys Global Retail Group which unites Journeys, schuh and Little Burgundy.
Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
