Recap: Genesco Q1 Earnings - Genesco (NYSE:GCO)

Genesco GCO reported its Q1 earnings results on Thursday, May 26, 2022 at 06:50 AM.

Here's what investors need to know about the announcement.

Genesco beat estimated earnings by 588.89%, reporting an EPS of $0.44 versus an estimate of $-0.09.

Revenue was down $17.95 million from the same period last year.

Last quarter the company beat on EPS by $0.84 which was followed by a 3.56% drop in the share price the next day.

Here's a look at Genesco's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	2.64	1.29	-0.01	-0.52
EPS Actual	3.48	2.36	1.05	0.79
Revenue Estimate	726.57M	575.57M	517.76M	449.15M
Revenue Actual	727.66M	600.55M	555.18M	538.70M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Genesco management provided guidance for FY 2023, expecting earnings between $7.0 and $7.75 per share.

To track all earnings releases for Genesco visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.