While reporting financial results for the second quarter on Thursday, specialty retailer Genesco, Inc. (GCO) maintained its adjusted earnings guidance for the full-year 2026, while raising annual sales outlook.
For fiscal 2026, the company still projects adjusted earnings from continuing operations in a range of $1.30 to $1.70 per share.
The company now projects total sales growth of 3 to 4 percent, with comparable sales growth of 4 to 5 percent, up from the prior outlook for sales growth of 1 to 2 percent, with comparable sales growth of 2 to 3 percent.
On average, analysts polled expect the company to report revenue growth of 1.65 percent to $2.36 billion for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.