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Genesco GAAP earnings $0.05

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Christian Fernsby ▼ | September 6, 2019
Genesco reported GAAP earnings from continuing operations per diluted share of $0.05 for the three months ended August 3, 2019, compared to $0.00 in the second quarter last year.
Genesco
Genesco   Net sales for the second quarter of Fiscal 2020 were flat
Adjusted for the excluded items in both periods, the company reported second quarter earnings from continuing operations per diluted share of $0.15, compared to a loss from continuing operations per diluted share of ($0.01) last year.

Topics: Genesco

Net sales for the second quarter of Fiscal 2020 were flat at $487 million compared to the second quarter of Fiscal 2019.

Excluding the effect of lower exchange rates, net sales would have increased 1%.

Comparable sales increased 3%, with stores up 1% and direct up 20%.

Direct-to-consumer sales were 10.4% of total retail sales for the quarter, compared to 8.9% last year.


 

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